Keep in mind that specific regulations can change, so it’s always a good idea to double-check with official sources. As of my last update:
1 – For Ready Properties:
Purchase Property:
Buy a property in Dubai Ensure that the property meets the minimum value set by the government, last check was minimal AED 750.000
Ownership Proof:
Obtain a title deed or proof of property ownership.
Visa Eligibility:
Properties with a minimum value make you eligible for a residency visa. This value may vary, so check the current threshold.
2 – Financial Requirements:
Show proof of income at least AED30.000 as monthly salary or financial stability to support yourself in Dubai.
Health Insurance:
Obtain health insurance coverage for yourself and dependents.
Residence Visa Application:
Submit the required documents and visa application to the General Directorate of Residency and Foreigners Affairs (GDRFA).
3 – For Off-Plan Properties:
Purchase Agreement: Sign a sales purchase agreement with the developer for the off-plan property.
Oqood Registration: Register the property with the Dubai Land Department through the Oqood system.
Payment Plan Compliance: Adhere to the payment plan outlined in the sales agreement.
Title Deed Issuance:
Once the property is completed, the developer will apply for the title deed on your behalf.
Residence Visa Application:
Follow the steps mentioned for ready properties after obtaining the title deed.
Conditions for Residency:
Property Value: Ensure the property meets the minimum value required for residency.
Stability: Demonstrate financial stability through proof of income or savings.
Health Insurance: Provide evidence of health insurance coverage for you and your dependents.
No Criminal Record: Applicants should not have a criminal record.
Medical Fitness: Undergo a medical examination to prove you are in good health.
Valid Passport: Ensure your passport is valid for at least six months.
Remember, these are general guidelines, and the specifics may change. Always consult official sources or legal experts for the latest and most accurate information. Cheers to your potential Dubai residency! 🏠✈️
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