The government of the United Arab Emirates has announced the granting of residency for a period of 10 years to expatriates after proof of residence in the Emirates.
The UAE grants 10-year residency to real estate owners
If you own real estate or a group of real estate with a value of at least two million dirhams, you may be eligible for a "golden residence visa." This visa allows you to live, work, invest, and study in the United Arab Emirates while enjoying special privileges, and it can be renewed on the same terms and without the need for a guarantor, provided that you have met all of the requirements.
Issuing a golden residence permit for real estate owners
The Federal Authority for Identity, Nationality, Customs and Ports Security has made available, through its website and smart application, a service in accordance with which an initial approval is issued for the issuance of the golden residency. This service includes several categories, including investors in public investments, investors in real estate, and entrepreneurs, where the transaction is received via e-mail.
Determine the value of the property that qualifies for golden residency in the UAE
The authority stated that the golden residency system enables individuals to obtain residency for a period of five or ten years, depending on the category, in a way that enhances the environment that attracts the growth and success of business, and several inquiries were received from individuals about whether it is required to own one real estate worth two million dirhams to obtain a golden residency, or whether it is possible to do so in If there is more than one property with a value of two million dirhams or more than two million dirhams
Conditions for real estate owners in Dubai to obtain 10-year residency
The Federal Authority for Identity and Nationality, Customs and Ports Security has specified two conditions for an investor in real estate to obtain a golden residency. The first condition is that the investor must bring a letter from the Real Estate Registration Department in the relevant emirate stating that he is the owner of one or more real estate whose value is not less than 2 million dirhams. The second condition is that the investor must bring proof of residence in the country (either ownership of a house or a lease contract).
