To successfully qualify for a Golden Visa through real estate investment, one crucial step is ensuring your property meets the required value of AED 2 million or more. While the process of applying is relatively straightforward, property valuation plays a significant role in ensuring eligibility. Whether you’re looking to purchase a new property or already own property, having an accurate valuation is critical in confirming your eligibility.
Your Guide to the UAE Golden Visa through Property
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Eligibility Criteria
Knight Frank’s residential valuations team is key in helping you navigate the requirements. With our accurate valuations, you can be confident that your property meets the necessary criteria for the Golden Visa. Whether you’re purchasing a new property or valuing an existing one, having an independent valuation will confirm if your property is eligible for a Golden Visa.
Why a Property Valuation is Essential
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Choosing the right property and obtaining an independent valuation from our team ensures that your property investment meets the UAE Golden Visa application eligibility, helping you to enjoy the full benefits of the UAE Golden Visa, including long-term residency and family sponsorship.
FAQs
1. What is the Golden Visa?
- The Golden Visa grants long-term residency in the UAE. It’s available to investors, entrepreneurs, and certain professionals, allowing them to live and work in the country for 10 years.
2. Why does a property valuation matter for the Golden Visa?
- A professional valuation is integral towards the application process to confirm and verify that your property meets the AED 2 million eligibility requirement.
3. How long is the Golden Visa valid for?
- The Golden Visa is valid for 10 years, and it is renewable, allowing you to continue living and working in the UAE as long as you maintain the requirements.
4. Can I qualify for the Golden Visa through real estate investment?
- Yes, by investing AED 2 million or more in real estate in the UAE, you can qualify for the Golden Visa. As part of the application process it is essential to get an independent property valuation. Knight Frank's Residential Valuation team can assist with expert property valuation to confirm if you meet the eligibility requirements.
5. Can I get a Golden Visa with a mortgaged property?
- Yes, you can apply with a mortgaged property, but you’ll need to provide a No Objection Certificate from your bank and a bank letter of proof to indicate the purchase value of the property is AED 2 million or more.
6. Can I bring my family under the Golden Visa?
- Yes, the Golden Visa allows you to sponsor your family, including your spouse, children, and any domestic workers.
7. What is the cost of the Golden Visa?
- The Golden Visa application costs approximately AED 9,700, including medical exams, residency fees, and other administrative costs.
8. How long can I stay outside the UAE without losing my Golden Visa?
- With the Golden Visa, you can stay outside the UAE for more than 6 months without losing your residency.
9. Can I get permanent residency through the Golden Visa?
- The Golden Visa allows for long-term residency but does not grant citizenship or permanent residency.
10. What benefits do I get with the Golden Visa?
11. Can I apply for a Golden Visa with off-plan property?
- Yes, you can apply if the off-plan property is valued at AED 2 million or more and meets the criteria.
12. Can the Golden Visa lead to UAE citizenship?
- The Golden Visa doesn’t grant citizenship, but it offers long-term residency for investors, professionals, and entrepreneurs.
13. What documents do I need to apply for the Golden Visa?
- You will need:
- A property valuation
- A valid passport
- Property Title Deed
- Emirates ID (if you are already a resident)
- Health Insurance valid in the UAE
14. How can I apply for the Golden Visa?
- You can apply for the Golden Visa online through the ICP Smart Services portal or at Golden Visa service centres.
What you need before applying
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