If you are an expatriate looking to settle in the UAE with long-term plans, you have a golden opportunity knocking at your door in the form of the UAE golden visa.
This prized possession offers a string of benefits including UAE residency for a span of five to ten years, not contingent on a specific employer, and with the luxury of not renewing it biennially or triennially.
More notably, the golden visa stands as a gateway for expats to reside, work, and pursue studies in the UAE sans a national sponsor, while enjoying a 100 percent ownership of their business situated in the UAE mainland.
The golden path to visa through property ownership
In a bid to secure a golden visa, aspirants must own a property or an assortment of properties that have a cumulative equity value amounting to at least Dhs2 million.
Prospective applicants can undertake this venture individually or share the property with their spouse.
Furthermore, the property can be financed through a mortgage, provided a minimum of Dhs2 million has been repaid to the financial institution, corroborated by a No Objection Certificate and a letter confirming the payment.
Steering the application through Dubai Land Department
With a property or properties meeting the eligibility criterion, individuals can proceed to apply for the golden visa through the official channel of the Dubai Land Department.
The submission necessitates a range of documents including a passport, a digital copy of the title deed certificate(s), a photograph, an Emirates ID, and proof of valid health insurance.