Due to its welcoming business environment, career prospects, and an array of entertainment facilities, Dubai is drawing an increasing number of foreigners. It still holds the top spot as a desirable location for wealthy investors to acquire property investment visas, which are now subject to modest requirements and do not even require a language exam. The Dubai government lowered the minimum investment amount needed to qualify for an investor visa in 2021.
As a result, foreigners who buy a property for at least AED 750,000 have the opportunity to apply for an investor visa. As long as each owner owns a portion of the property worth at least AED 750,000, they can all apply for an investor visa UAE. If a husband and wife jointly own the property, they are both eligible to apply for an investor visa UAE, regardless of how equally they both contributed to the AED 750,000 total purchase price of the property. In this situation, a marriage certificate with attestation is required. You should also know how to choose a right real estate agency in Dubai that can help you close the deal in best possible way.
What kind of property qualifies for getting an investor visa UAE?
The property or properties should be completely finished, not in the middle of construction, and, most importantly, be free of any legal issues. You must have paid off a 50% mortgage, and the purchase value of your property must be at least AED 750,000 or more (not the current market value) (you should be mentioned as the property owner).
The investor visa UAE can be issued in relation to residential properties (apartment, serviced apartment, villa, and townhouse) bought in a freehold area as well as commercial properties (Hotel Room, Hotel Apartment, Office, and Warehouse).
Dubai property projects that empower you to apply for investor visa UAE
In this article, you will learn more about recently announced real estate projects that entitle you to apply for an investor visa UAE. Continue reading if you are looking for Golden Visa-linked property investment options in UAE and it will help you explore different opportunities.
SOBHA Hartland – The Crest
In Sobha, Hartland, there is a residential complex called The Crest. The residential complex comprises four skyscrapers: Towers A, B, C, and D. The interconnected Sky Gardens give the complex a unique style. Apartments range in size and layout from one to three bedrooms. Residents can enjoy a garden, shopping establishments, and restaurants that are just a short quick walk away from the residences. The complex offers several amenities like a swimming pool, a barbeque area, and sports facilities.
The apartments are within ten minutes’ drive from Business Bay and Downtown Dubai, while Dubai Marina is only a 25-minute drive away. Apartments with one bedroom start at AED 890,000 (USD 242,000).
Bloom Holding – Bloom Towers
Jumeirah Village Circle is home to the three-building residential complex known as Bloom Towers. The project was developed by Bloom Holding and handed over in 2020. There are 944 premium units, comprising studios and apartments with one to three bedrooms between 355 square feet and 1,603 square feet.
The property has top-notch amenities, including a jogging track, a sauna, steam rooms, swimming pools, a private outdoor dining area, gyms, and lounge areas. Professionals and independent contractors will value the co-working space and event amphitheatre. The homes are a mere 10-minute drive from Dubai Media City and Dubai Internet City. Property prices start at AED 370K (USD 100K), and a one-bedroom apartment with an area of 667 sq. ft. can be purchased for AED 770K (USD 210K).
DAMAC Properties – Upper Crest
The first property that qualifies you for getting an investor visa UAE is Upper Crest. Upper Crest, a 44-story residential skyscraper built by DAMAC Properties, is situated in Downtown Dubai’s renowned area. The property, which was finished in 2017, provides serviced units with elegant furnishings, completely furnished kitchens, and balconies. These properties for sale in Dubai include studios and one- to three-bedroom apartments with a minimum size of 496 sq. ft.
Swimming pools, a gym, a sauna, a Jacuzzi, a lounge, a kids’ play area, designated parking spaces, valet services, and concierge services are just a few of the amenities offered by the complex. Restaurants, stations for public transportation, shops, and well-known tourist destinations may all be found close to the building. The Souk Al Bahar, Burj Khalifa, and Dubai Mall are all within ten minutes’ drive of the homes. The starting price for studios is AED 750K (USD 204K), and the starting price for one-bedroom apartments is AED 1M (USD 275K).
Binghatti Developers – Creek Binghatti
The 21-story Binghatti Creek building is situated in Al Jaddaf, bordered by Dubai Creek and the Royal Za’abeel Community. Qualified as one of the properties for investor visa, this project is developed by Binghatti Developers. Apartments will range in size from 700 to 1,550 square feet and have one to three bedrooms. Floor-to-ceiling windows and roomy balconies will be standard in each unit, providing stunning views of Dubai Creek and the city’s cityscape. A swimming pool, gym, and children’s playground are just a few of the amenities that Binghatti Creek will offer.
Residents will be offered the highest level of comfort and security via high-tech devices such as voice-controlled assistants. Within ten minutes by car, the facility can be reached through Business Bay and Downtown Dubai. Residents will have access to Ras Al Khor Wildlife Sanctuary, Wafi City Mall, and Dubai Festival City Mall for entertainment and leisure pursuits. In Q1 2023, the complex is expected to be finished. AED 650,000 (USD 177,000) to AED 965,000 (USD 263,000) is the price range for one-bedroom flats. The price varies according to the layout and location within the complex.
Dubai Properties – Reva Residences
A brand-new housing development called Reva Residences can be found in the emirate’s business district, Business Bay. The project was created by DAMAC Properties in Dubai and finished in the summer of 2022. Apartments range in size from 473 square feet to 904 square feet and have one to two bedrooms. The units have breathtaking views of the Dubai Canal. The property offers a comprehensive range of amenities.
This includes a heated swimming pool, a gym with separate locker rooms for men and women, concierge services, and more. For AED 750K, a one-bedroom apartment of 473 square feet can be yours (USD 204K). The Dubai Mall is mere a short walk from these residences. The project is conveniently situated close to bus stops, eateries, five-star hotels, supermarkets, retail establishments, and world-class attractions.
Gulf General Investments – Olympic Park 1
In Dubai Sports City, a 15-story mid-rise residential building is called Olympic Park 1. It is the first of six construction projects in the Olympic Park neighbourhood. Apartments with one to two bedrooms are among the 124 units in the complex. Residents will have access to a tennis court, a rooftop pool, a sauna, steam rooms, covered parking, gym and a sizable children’s playground. For AED 750K, you may purchase a two-bedroom residence covering 1,454 square feet.
The distance between Al Hebiah Fourth and the Dubai International Cricket Stadium and Olympic Park 1 is ten minutes by foot. Sheikh Mohammed Bin Zayed Road is easily accessible to locals and provides quick access to various city areas.
Conclusion
Interestingly, the team HFRE can help you get your hands on several property options in the above-mentioned property projects in Dubai. We have pointed out estimated sales price of these properties so that you can match it with your budget. After that, all you can is contact the sales team at +971 4876 2473 or discuss your query at info@hfre.ae and you will get assistance right away from one of our esteemed sales team member.
