Unlocking Dubai’s Golden Visa
Unlocking Dubai's Golden Visa: A Step-by-Step Guide for Property Investors
If you are a property investor in Dubai and your real estate assets have surpassed a value of Dh2 million, you're on the right track to securing a coveted Golden Visa. This prestigious visa opens up a world of opportunities for long-term residency in the UAE. We will walk you through the process of applying for the Golden Visa through property evaluation with the Dubai Land Department (DLD). We'll also highlight the essential steps and fees involved in this journey.
Step 1: Property Evaluation through DLD
The first crucial step in your Golden Visa application process is to get your properties evaluated by the Dubai Land Department. This evaluation will determine whether your assets meet the minimum requirement of Dh2 million. Here’s how you can do it:
1.1. Access the Dubai REST App
To begin the evaluation process, you can visit the Real Estate Services Trustee Offices or use the user-friendly Dubai REST app provided by the DLD.
1.2. Gather Required Documents
Ensure you have all the necessary documents ready for submission. These documents typically include property deeds, title deeds, and any other relevant paperwork requested by the DLD.
Step 2: Submitting the Documents
Once you have collected all the required documents, it’s time to submit them to the Dubai Land Department. This is a crucial step, as the accuracy and completeness of your submission can impact the evaluation process.
Step 3: Property Evaluation Fees
To have your property evaluated, you will need to pay certain fees to the DLD. Here’s a breakdown of the costs involved:
3.1. Evaluation Fee
The primary fee for property evaluation is Dh4,000.
3.2. Knowledge Fee
Additionally, there’s a Dh10 fee for knowledge, which contributes to the betterment of the real estate sector in Dubai.
3.3. Innovation Fee
An innovation fee of Dh10 is also applicable to support advancements in the industry.
Payment options include credit card, cash, and ePay, making it convenient for property owners.
Step 4: Await the Evaluation Certificate
After you’ve successfully submitted all the required documents and paid the fees, the Dubai Land Department will initiate the evaluation process. You can expect to receive the evaluation certificate via email within a reasonable timeframe, typically between 1 to 8 business days.
Step 5: Combining Property Values
An important point to note is that as an investor, you have the flexibility to combine the values of two or more properties to reach the Dh2 million mark. This means that if you own multiple properties in Dubai, their cumulative value can make you eligible for the Golden Visa, further expanding your investment options and opportunities in the UAE.
