Dubai has introduced a revised 10‑year “Golden Visa” that lowers the investment threshold for foreign investors. The new rules allow qualified individuals to obtain long‑term residency by purchasing real‑estate, with additional benefits for family sponsorship and property use.
Eligibility and Investment Requirements
- Real‑estate investment: Minimum AED 545,000 (≈ USD 148,000) in an existing property, or AED 2 million (≈ USD 545,000) for a higher‑value purchase.
- Off‑plan projects: Eligible if at least 50 % of construction is completed at the time of purchase.
- Family sponsorship: Visa holders can sponsor spouse, children of any age, domestic workers, and other dependents. Sponsorship continues for dependents even after the primary holder’s death, provided the visa is renewed.
Residency Obligations
- Annual visit: Holders must enter Dubai at least once per calendar year; there is no requirement to stay for six months.
- Renewal: The visa is issued for ten years and can be renewed indefinitely, provided the investment remains in place.
Property Use and Income
- Rental income: Owners may rent the property on a short‑term (e.g., Airbnb) or long‑term basis, generating passive income.
- Tax considerations: Rental income and capital gains from the sale of the property are tax‑free in Dubai.
- Resale: After the ten‑year period, the property can be sold without capital‑gains tax, allowing investors to realize appreciation.
Application Process
- Timeline: Processing typically takes about one month from the date the qualifying property purchase is completed, assuming all documentation is in order.
- Documentation: Proof of property ownership, investment amount, and compliance with any anti‑money‑laundering requirements.
Prospective Permanent Residence
- While not yet codified, there are indications that investors who complete the ten‑year Golden Visa may become eligible for permanent residence in Dubai after the term expires.
“Green Visa” – 5‑Year Option for Business Owners
- Eligibility: Owners of a Dubai‑registered company who earn a minimum of USD 4,000 per month in salary.
- Residency: Same annual‑visit requirement as the Golden Visa; the visa is valid for five years and can be renewed.
Practical Considerations
- Market timing: The Dubai property market is currently described as “hot,” so investors should seek professional advice to avoid overpaying.
- Compliance: Maintaining the investment value and meeting any stipulated conditions (e.g., property not being a “scam” or overpriced) is essential for visa retention.
These changes aim to attract high‑net‑worth individuals and entrepreneurs, positioning Dubai as a tax‑free, long‑term residence option for global investors.
