Is It Possible to Obtain a Residency Visa by Purchasing Property in Dubai?
Yes, you can obtain a residency visa when purchasing property in Dubai, provided you meet certain criteria. To qualify, the property must have a minimum value of AED 750,000 (~$204,000) and be a completed, freehold property. The visa options include a 2- or 3-year residency visa, depending on the value of the property, and in some cases, you can renew the visa as long as you retain ownership of the property. For higher-value investments, such as properties worth AED 2,000,000 (~$545,000) or more, investors can qualify for a 10-year Golden Visa.
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