According to Dubai law, foreigners can apply for a residence visa for at least 2 years (the specific time is related to the total assets invested by the investor) if they purchase a set of existing houses of more than 1 million dirhams. After 2 years, as long as the buyer continues to own the property, he can renew his residence visa every 2 years until he no longer owns the property. At the same time, buyers can also help their partner and children under 18 apply for the same residence visa. Enter Dubai International School to study and enjoy top educational resources.
1. The real estate must be a freehold residence or villa held by the applicant, with a real estate certificate
2. The purchase price of the real estate must reach the required minimum of 1 million / 5 million.
3. Loan to purchase real estate, loan The amount must not be higher than 50% of the total purchase amount, and a loan account flow and a letter of no objection from the bank need to be provided.
4. The real estate can be jointly held by the husband and wife
1. Enjoy the same rights as the permanent residents of Dubai and obtain the Emirates ID
2. You can legally live in any emirate of the UAE
3. You can open a local bank account
4. Apply for local medical insurance
5. At the same time apply for mortgage, car loan and personal loan, guarantee family member visa
6. Children or themselves can attend local schools. The local international school has a high degree of internationalization, the education level is in line with Europe and the United States, and the price is lower than that of domestic international schools. The price is high.
7. The owner can guarantee the visas of the nanny and the private driver.
8. Children hold overseas Chinese Status, if you take the college entrance examination in the future, you can be an overseas Chinese student and enjoy the treatment of an overseas Chinese student
After preparing the relevant materials, go to the customer service of the Land Bureau to apply. The pre-review time is usually 3-10 working days, and the applicant will be notified by text message;
After the pre-review is passed, a residence permit application of Dh8420 must be paid to the Land Bureau And three working days after paying the fee, go to the Land Bureau customer service to associate the real estate certificate and residence permit with the original real estate certificate; (the five-year residence permit fee is much lower than this amount).
Then go to the Immigration Bureau counter located inside the Land Bureau to apply for an entry permit. The general term is three/five years.
After the visa expires, it can continue to be renewed while the property is still held.
The three-year investor visa requires investors to enter the country once every 6 months, and the five-year investor visa does not require an entry period before the visa expires.
