Benefits Of Buying Property In Dubai
Residence Visa - Yes, you will get a residence visa (UAE property visa ). Isn’t it amazing? It is. If you buy a property worth of AED 1 million you will get an investor visa, it’s pretty beneficial. Only you’ve to remember that the property should not be under any mortgage or the property would not be an off-plan one.
After getting a clearance from the DLD which is known as Dubai Land Department, they will issue a trade license and to get that you’ve to submit a copy of your passport and title deed, and then you can apply for 2 years of residence visa at the Immigration Department.
Similarly, if you invest in a property whose cost would be more than AED 5 million then you will be eligible for a 5 years renewable visa. Property worth AED 10 will allow you to have a 10 years Dubai Visa accordingly.