Residence permit in the UAE when buying property

Dubai is considered one of the most attractive cities in the world. It has loyal tax laws, an incredibly developed infrastructure and economy, as well as a huge variety of real estate. Therefore, the popularity of the city among tourists, investors and expats is understandable. To live in Dubai permanently or stay in the emirate for more than 90 days, you need to apply for a residence permit. If you do not plan to work here or open your own company, then buying real estate to obtain a residence permit is the best option. It is quite simple to issue it, you just need to know what kind of visa you need. For example, a 3-year resident visa allows you to live in the emirate with the whole family, but it is impossible to work on it.

To obtain a residence permit for the purchase of real estate in the UAE for the required period, use the help of qualified specialists from UAE Assets. Our company is engaged in the sale and rental of real estate in the UAE, so it is familiar with all the intricacies of local legislation. Specialists are ready to provide advice and help to find housing, thanks to which the buyer will be able to obtain the desired visa. A residence visa in the UAE through the purchase of housing is the easiest way to obtain a residence permit. Turning to specialists will save you from many problems, including the need to look for a suitable option and draw up documentation. Experienced experts will select and offer housing according to your needs and financial capabilities. With UAE Assets, obtaining a residence permit in Dubai is quick and hassle-free.

Terms of residence permit in the UAE for the purchase of real estate

At the end of 2021, the population of the United Arab Emirates amounted to more than 10 million people. According to statistics, about 90% of the inhabitants are foreigners, which indicates the incredible popularity of the country as a new place of residence. The local government is interested in attracting foreign capital, so it tries to provide attractive conditions for investors, expats and ordinary people. Among the many advantages presented by the UAE, a residence visa for real estate in Dubai is of particular importance. Simply put, the state gives foreigners a residence permit for the purchase of real estate in its territory.

Although there are no definitions of a residence permit and permanent residence in the local legislation itself, a migrant is given a residence visa, thanks to which he receives the status of a resident and a residence permit in the country. The term of the UAE resident visa depends on the cost of the purchased housing and a number of other factors:

• Visa for 3 years is given when buying property in Dubai worth more than 200,000 dollars. The investor can also take advantage of mortgage lending;

• A 5-year Senior Citizen Visa is issued to buyers over 55 years of age if they purchase a home valued at more than $275,000;
• "Golden Visa" for a period of 10 years - its issuance will begin in the fall of 2022, when buying real estate worth more than $ 545,000 without using a mortgage.

To apply for a UAE resident visa, you need to know not only the laws of the country, but also the nuances of preparing documents. By turning to UAE Assets for help, you will get rid of unnecessary hassle and reduce the cost of unforeseen situations.

UAE Assets will help you get a residence permit in the UAE when buying a property

Start buying property in Dubai right now! UAE Assets cooperates with top developers in the UAE, so we have collected the best real estate offers in our database! Our experts are ready to assist in the selection of residences, as well as assist in the preparation of documentation. Buying an apartment in Dubai with our services is reliable, profitable and safe!

If you want to know what is a resident visa for real estate in the UAE, how to apply for it and what opportunities it gives, please contact our call center. You can call the contact phone number or fill out the feedback form. We will contact you as soon as possible and consult on all your questions.