Golden Residency for Real Estate Investors

The United Arab Emirates is at the forefront of countries that are keen to attract businesses and investors from around the world with the aim of increasing investment volume and fostering economic development.

The UAE has consistently encouraged investments in all its forms, including real estate investments by introducing the real estate investor residency system which allows real estate investors and their families and dependents to reside in the country for a period of either 5 or 10 years. However, the real estate investor obtains a golden residency for a long-term period, not permanent, noting that the golden residency can be renewed for the same period after its expiry if the necessary conditions are met.

The categories defined by the law for granting Golden Residency to the investor

In September 2021, a new residency system was introduced by the Dubai Land Department that allows the real estate investor to obtain residency, either for a period of 10 years or 5 years, renewable, with the possibility of sponsoring the husband, wife, and children according to the following conditions:

Ten-year golden residency permit for the real estate investor according to the following conditions:

• Purchasing one or more properties within the Emirate of Dubai with a value of not less than two million Dirhams

• Buying one or more properties within the Emirate of Dubai under construction or selling off a plan or fully completed

• A statement from the real estate developer or real estate brokerage company within the Emirate of Dubai or the original seller showing the payments in the amount of two million dirhams for the property purchased by the investor.

Five-year Residency for Real Estate Investors:

• Purchasing property within the Emirate of Dubai with a value of 750,000 UAE dirhams

• Spouses co-owning a single property with a value of 750,000 UAE dirhams can both obtain a five-year residency

Some of the key benefits of the golden residency for real estate investors in the UAE:

Real estate investors holding Golden residency in the UAE enjoy many advantages:

• Multiple-entry visa for 6 months to complete the golden residency process

• 5 or 10-year renewable residency

• Permit to stay outside the UAE for more than 6 months

• Sponsor or guarantor not applicable within the country

• Residency permits for family members, including spouses and children

• No maximum limit for the number of service workers that can be brought into the country

• Family members can stay in the country throughout their residency, even in the case of the demise of the main golden residency holder

The ILS Consultancy team, with its specialized advisors, provides all investors with constructive advice and legal advice on how to obtain a golden residency and provides all necessary services in order to obtain it fully.