The Property related residency visa rules in UAE are very dynamic in nature. These rules have changed several times in last decade, Here are the currently applicable rules. There are two different kind of visas
Six-Month Multi-Entry Visa
Two-year residency visa
In both of the cases, following laws are common
The property must be worth in excess of AED1million and
Must be for one property only
The property must be complete and suitable to live in
The title deed is usually in one name and only that person can apply for residency, even if ownership is deemed to be joint.
The six-month visa is easier to obtain and has lower costs, but must be renewed every six months at a cost of Dh1,100. These multi-entry visas are available to property owners in all seven emirates, but people should apply to the Immigration or Naturalization and Residency Department in the relevant emirate. In this case it is the Department of Naturalization and Residency Dubai. It should be noted that those with a six-month property visa can sponsor family members at a cost of Dh250 a time and these must also be renewed every six months.
Since six month property related multiple exit reentry visa is also a type of visit visa, Exit and re-entry is required to renew and medical exams are also required. Another disadvantages of this visa (of being a visit visa) neither the principal holder nor the dependents are permitted to work.
You can also opt for the two-year visa related to property ownership, but this comes with stricter regulations. The individual must own a property that is fully habitable with a value of at least Dh1m, but they must own it outright without a mortgage. A copy of the title deed proving there is no mortgage must be provided and there is a property visa fee of Dh1,100 and an administration fee of Dh400. Applications must initially be to the Dubai Land Department (DLD), which will then provide a certificate to the Department of Economic Development that issues an investor trade licence for Dh2,000 a year. This allows the property owner to then apply for residency visas and they can also sponsor family members.
This luxurious 1 bedroom studio apartment for sale and is ideally located in the Downtown, Downtown Dubai Mall. Its cover total area of 802 sq ft, this unit offers mall view and partial fountain view to begin with.
Bedroom is very attractive and have built-in wardrobes and stylish bath. Fitted good quality appliances and cabinets. This facility ensures the luxury and comfort to the residents. The breathtaking dining and living area gives you a place for relaxation and recreation. Reserved parking space is available. The balcony is used to unwind its beautiful surroundings.
All serviced residences are offer full housekeeping service with 24 hour security and personal fashion adviser service on request. Visitors also have have a wealth of facilities at their disposal including a dining options as well as an exclusive access to our completely prepared Fitness Center and swimming pool
This lovely 2 bedrooms apartment is ideally located in Palm Jumeirah, Marina Residence 2, one of the Dubai’s most renowned addresses and is available for sale. Total Build up area of 1981 sq ft. with private and a big size of terrace.
Palm Jumeirah is the first completed island and today has over 40,000 residents. These are well known as the ‘eighth wonder of the world’. These island has doubled the existing coastline and will also double the number of beachfront hotels in the Dubai.
Marina Residences is a residential building and located at the heart of The Palm Jumeirah which is the Dubai’s most celebrated landmarks and a great tourist attraction. This offer panoramic marina and island views spanning the Arabian Gulf and Dubai coastline.
1. Plot Size 1981.00 m2
2. Price AED 3,000,000
3. Number of Bedroom 2
4. Number of Bathrooms 2
5. Private big size of terrace
1. Basement parking
2. Built in wardrobes
3. Central air conditioning
4. Fully fitted kitchen
6.Shared swimming pool