How Much Money Do I Need To Invest To Get Permanent Residency In Dubai?

Dubai has become a top destination for investors and professionals looking for long-term residency. 

One of the most common ways to secure long-term residency is through investment. Using this channel, individuals can qualify for different visa options. 

This guide will break down the different investment pathways, their costs, and the benefits of UAE residency.

Understanding Residency Options in Dubai

Many people think “permanent residency” in Dubai means living there forever without renewing a visa. 

But unlike some other countries, Dubai doesn’t offer full permanent residency. Instead, it offers long-term residency options, like the Golden Visa, which allows foreigners to stay for extended periods without needing frequent renewals.

The UAE’s Golden Visa is a special program designed to attract skilled professionals, investors, and entrepreneurs. 

It offers 10-year and 5-year residency options, depending on the investment or expertise. This visa gives holders more stability and freedom, making it an excellent choice for those who want to live and work in Dubai for the long term.

Investment Pathways to Residency

Real Estate Investment

• Invest at least AED 2 million in property to qualify for a 10-year renewable Golden Visa.
• A 3-year visa option is available for property investments of AED 750,000.
• If the property is mortgaged, you must pay off at least 50% of its value.
• You can sponsor your family under this visa, making it ideal for those looking to settle in Dubai.

Public Investment

• Secure a 10-year Golden Visa by investing AED 2 million in an approved UAE investment fund.
• Alternatively, start a company with at least AED 2 million in capital or become a business partner with the same investment.
• Full ownership of the investment is required; loans are not allowed.
• Companies paying at least AED 250,000 in taxes annually can also qualify.
• Health insurance and other financial documents are necessary for the application process.

Additional Residency Options

If you’re looking for a shorter-term option, the 3-year renewable residency visa is a good choice. You can get this visa by investing AED 750,000 in real estate. 

However, if the property is mortgaged, you must pay off at least 50% of its value. Unlike the 10-year Golden Visa, this one needs to be renewed every three years. 

Still, it allows you to sponsor your spouse, children, and domestic workers, making it a flexible option for families.

Advantages of the UAE Residency Visa

1. Flexibility to Relocate or Visit Anytime

Investors and their families can move to the UAE, one of the world’s most developed and prosperous countries, and visit whenever they like.

However, living in the UAE full-time is not mandatory. To maintain their residency status, investors only need to visit the country once or twice a year.

2. Tax Benefits

The UAE offers significant tax advantages. There is no tax on income, capital gains, inheritance, gifts, or property. 

While the corporate tax was introduced in 2023 at 9% for businesses earning over AED 375,000, it remains lower than in many other countries.

3. UAE Bank Account Access

Residency visa holders can open bank accounts in the UAE in various currencies, such as dollars, euros, or dirhams. These accounts are helpful for savings and international transactions.

4. Obtaining a UAE Driver’s Licence

Residents who wish to drive in the UAE need a local driver’s license. While most applicants must pass a driving test, nationals from countries like the US, the UK, Germany, Australia, Turkey, Spain, and India may simply exchange their existing license.

5. Access to Healthcare and Education

Residency visa holders can receive medical treatment at world-class clinics in the UAE, a central hub for medical tourism. 

Specialties such as dentistry, orthopaedics, dermatology, and reproductive health are particularly in demand.

Additionally, investors’ children can enroll in UAE schools and universities, including international institutions where English is the primary language of instruction.

6. Simplified Residency Process

The Golden Visa application process is more straightforward than that of other UAE visas. Investors do not need an employer or a sponsor to apply. 

Before obtaining full residency, they receive a 6-month entry visa to settle in. They are not required to stay in the UAE for extended periods to maintain their visa.

7. Residency for Family Members

Principal applicants can sponsor their spouses and children for long-term residency. Additionally, parents can receive a 1-year visa under the sponsorship of their children.

8. Esaad Privilege Card Benefits

Golden Visa holders can get an Esaad Privilege Card, which provides exclusive discounts and offers (up to 70%) at stores, medical centers, service providers, and other establishments in the UAE and abroad.

Application Process and Documentation

• Choose your investment type: real estate, business, or public funds.
• Gather required documents, including:
  • Passport
  • Proof of investment
  • Bank statements
  • Health insurance
• Submit your application through Dubai’s General Directorate of Residency and Foreigners Affairs (GDRFA) or relevant authorities.
• Complete medical tests and background checks.
• If approved, receive your residency permit.

Common mistakes to avoid

• Missing deadlines
• Submitting incomplete paperwork
• Investing in non-approved properties or funds

Conclusion

Investing in Dubai for long-term residency offers excellent benefits, such as tax advantages, access to quality healthcare, and the ability to sponsor a family. 

Meet all requirements and submit the correct documents to avoid delays. With the right approach, securing a residency visa in Dubai can be a smooth and rewarding process.

What is the minimum investment required for a Golden Visa in Dubai?

To qualify for a Golden Visa, you need to invest at least AED 2 million in real estate or approved UAE investment funds.

Can I sponsor my family for a residency visa in Dubai?

You can sponsor your spouse, children, and domestic workers under the Golden Visa or other residency options.

Do I need to stay in the UAE all the time to maintain my residency?

You only need to visit the UAE once or twice a year to maintain your residency status.

What are the tax benefits of UAE residency?

The UAE does not tax income, capital gains, inheritance, or property, and businesses earning over AED 375,000 pay a corporate tax of just 9%.