How to Get Residency Visa by Buying Property in Dubai?
A blessing is waiting for those who are planning to buy property in Dubai. When you invest in Dubai properties, you are entitled to obtain a residency Visa here. Of course there are a set of rules and criteria that you must adhere to in order to obtain residency buy buying properties in the emirate.
You can choose from the following two options:
· Multi-entry residency visa regulations that are meant for a period of 6 months:
· For every property, property should be worth or over AED 1 million
· Title is supposed to be less than one name, the only person who can apply for residency
· Property should be such that it is in ready-to-move in state
· Visa must be renewed at an interval of 6 months
The cost of the renewal fee every 6 months is AED 1,100.
As far as the residency visa for 2 years is concerned, here are the regulations:
· Property should be worth or over AED 1 million for a single property
· Property should be ready-to-move in
· Property should be paid cash without mortgage
· Visa must be renewed every 6 months.
As far as the cost of the property visa fee is concerned, it is AED 1,100. The administration fee costs AED 400 while the investor trade license costs AED 2,000.
The interested investor needs to present an appropriate proof of income that must be equal to or over AED 10,000 per month. Meanwhile, the dependent family members are not allowed to work using the residence visa. In case they opt to work in Dubai, they are required to have their visa status changed the sponsoring employer.
Once all the options are in front of you, you can secure the type of residency you wish to apply for and buy the concerned property.
Here are the basic steps on how to obtain a residency visa through buying property in Dubai:
Get all of the information from the Dubai Land Department (DLD) office
You can visit the Dubai Land Department (DLD) office in Deira where you are likely to be informed to provide the following documents:
· Title Deed of the property
· Your passport (and spouse/family if applicable)
· Your passport size photos (and spouse/family if applicable)
· Copy of current visa
You might as well be required to show your Title Deed and passport to the DLD office. In turn, you will receive a letter written in Arabic.
Give the DLD letter (in Arabic) to Dubai Police Headquarters
You need to hand over the letter provided by the DLD in the Dubai Police Headquarters along with copies of your passports. In case you previously owned an Emirates ID, you can also consider presenting it. In return, you shall be given a letter that states that you are cleared from any bad records.
Every letter costs AED 220. Only after two working days can you can claim the letter. Make sure that you keep your receipts to claim it in a convenient manner.
Make sure to return the good conduct letter to DLD office
After claiming the letter from the Dubai Police, you need to hand over this letter to the DLD so they can process your residency visa. The following documents are required in hand for submission:
· Attested marriage certificate (if applicable)
· The Title Deed
· Letter from the mortgaging bank to the DLD
· A copy of a DEWA bill
· Passport copies
· Passport photos
· Dubai Police good conduct letter(s)
It is likely that you shall be asked to get a confirmation of your mortgage redemption and Title Deed with a code that can be scanned. Make sure to take your Title Deed, bank letter, passport copes and entry visa page to the nearest estate registration trustee department to get the confirmation. For this procedure, an amount of AED 1,590 will be charged.
The process of searching for property in Dubai that fulfills the visa requirements could be pretty daunting. To give you relief, dxboffplan.com has been formed. It provides a user-friendly website to feed you with complete and comprehensive information about you chosen property in Dubai and all the other projects within the emirate. Make sure to complete with price, payment plan, sizes, prices, photos, brochures, etc. You can access information with ease all in one place. As far as browsing is concerned, start early. This shall help you find your next property in Dubai investment pretty soon.
Published by: https://www.propertypriceindex.com
