Recently, with the change of regulations in investor’s visa, Dubai Land Department has reduced the minimum investment value of a property from AED 1 million to AED 750,000 which allows any property investor who has invested AED 750,000 or more across his property portfolio would be eligible for a 3 years renewable visa.
This investor visa is applicable on fully paid in cash properties and as well as mortgage properties as long as the invested amount exceeds the minimum threshold of AED 750,000 and mortgage of up to 50% is cleared with the bank.
For a joint owner, if a property is owned by Husband and Visa, both can share one property with a value amounting to AED 750,000 and above. Because this Investor Visa is a self-sponsored visa there is no need of any employer in it. Moreover, a father or mother attaining the visa can also sponsor their children along with the spouse for which the tenure is also 3 years. As for the parents of the investor, the visa validity is 1 year and can be attained after presenting certain documentation.
The service fees for 3 years Investor visa is AED 14,967 for the sponsor, and for the family members, the service fees vary based on the profile of the applicant. 3 years visa for a wife and daughter over 18 years is AED 7,061.25. Whereas visa fees for children is AED 6,361.25 each. The fees for Husband and son over 18 years is AED 5,821.25 and for both Husband and Son (18 years and above) the visa validity is one year.
When sponsoring parents, for which the visa validity is 1 year, the service fees is AED 6,821.25 each.
Although Dubai offers three different types of investors visa, but this amendment in regulation will act as a game changer as a significant masses of investors would naturally qualify for this scheme.
For more information about Investor Visas in Dubai, please feel free to get in touch with Homes 4 Life.