The real estate market in the UAE is ranked among the most profitable sectors globally. It attracts investors from across the globe because of the consistently high ROI, transparency, and a safe environment. The strong capital appreciation and high rental yields are some other factors that make it an investor-friendly nation.
Although there was a dip due to the COVID-19 pandemic, the UAE property market has now picked up its pace and is racing towards a strong recovery. Furthermore, Expo 2020 Dubai has played a key role in boosting the market. It has allowed first-time visitors to see the UAE property market up and close and understand the potential it has. Therefore, experts believe that 2022 will see a higher number of new investors in the UAE.
If you are also planning to invest in the UAE, it’s imperative to have an investor visa. There are two different types of real estate investor visas in the UAE. Let’s find out about everything about these visas here:
As the name specifies, this real estate investor visa lasts for ten years, allowing the investor to earn returns using their money in any of the seven emirates of the UAE. As per the recent changes in the UAE visa laws, a foreign investor holding this visa does not need a local sponsor to invest in the country.
A real estate investor visa allows the investor to include an advisor and executive director other than immediate family (spouse and kids). Furthermore, it can be extended to business partners, provided each partner contributes a minimum of 10 million as an investment.
Foreign investors have the liberty to apply for a multiple-entry permit for a duration of six months.
The following investment types make an investor eligible to get a 10-year investor visa in the UAE:
To get real estate investor visas in UAE, applicants must meet the following conditions:
Apart from real estate investors, people with specialised talents and skills in the field of culture, science or arts can also apply for a long-term visa in the UAE.
It is a five-year real estate investor visa that can be renewed once the term is over. Investors, after getting this visa, are free to invest in any emirate in the UAE.
Entrepreneurs can also apply for a 5-year visa in the UAE. However, they have to fulfil different eligibility criteria to get a visa.
These are some important things you must know when applying for a real estate investor visa in the UAE:
To sum it up, the availability of a long-term real estate investor visa is surely a step taken in the right direction as foreign investors will feel safer and confident when investing in the UAE. Furthermore, many expatriate and investor-friendly policies are being implemented by the government, which makes it the right time to invest in the UAE property market.
So, begin your hunt for properties for sale at Zoom Property now to make an investment in the UAE if you haven’t already and start building your case for a long-term real estate visa.