We all know that Dubai City is the center point for all the investments globally with its promising taxation policy. And to attract investors even more the UAE government has launched the golden visa scheme. The offers long-term residency to investors, now who in their sane mind would miss out on this glorious opportunity? Nobody right?

We bet now you’re even planning to obtain this golden visa. There are plenty of cases to obtain this golden visa, but the simplest of all is purchasing any Dubai property. Cast an eye over the below content to learn all about this Golden Visa.

What is a Golden visa?

Let’s commence the blog by learning the basics, and by basics we mean the short overview of the Dubai Golden Visa. This is the long-term residency in Dubai for investors, entrepreneurs, and talented individuals especially. Under this scheme, the people will be eligible for a 10-year residency with a renewable option as well. However, they should meet the eligibility criteria as well. In the further sections, we will explain that as well.

Eligibility Norms for Property Investors

• Minimum Investment – The individual has to invest money around AED 2 million in any of the Dubai real estate properties.
• Sort of Property – Investors can put their funds in any of the Dubai commercial and residential buildings.
• Eligibility – It is necessary to get full ownership of the purchased property and not just a part of it.
• Loan Facility – Even if you’ve given a mortgage for the loan, it is still necessary to show the upfront payment of AED 2 million.
• Application Procedure – While filling out the application form, submit the documents like a good character certificate, and the property ownership document as well.

Golden Visa Benefits for Property Investors

The Dubai Golden Visa has an array of perks to offer foreign investors. Take a glance at the list:

• Long-Term Residency – Individuals will gain the visa for the next 5 to 10 years of validity.
• No local sponsor – To gain residency, none of the investors has to look for sponsorship from locals.
• Extended Residency for Family – Once a person receives a visa, he or she can sponsor the residency for their children and spouse with a golden visa.
• Educational and business benefits – No need to apply for any other type of visa for education or any other purpose, the golden visa covers it all.

These are some of the benefits you can enjoy with the Golden Visa. Buying property with Sobha Realty will make you eligible for it.

How Sobha Realty can help you?

Are you looking for a property to invest in for Golden Visa? Well in this situation Sobha Realty a well-known real estate can help you. This Dubai-based company has a diversity of options to go for within the budget. Thus, it will be easy to obtain a golden visa it Sobha Realty property purchase.

Many people from a variety of backgrounds have benefited from the UAE Golden visa, which allows them to stay for five to ten years! Those who fulfill the conditions for a UAE golden visa might apply for one or search for ways to purchase an apartment in Dubai.

Dubai’s real estate market is booming and successful, offering investors substantial rental yields as well as fantastic commercial options. Don’t be afraid to get in touch with Sobha Realty; the company will show you the path to success and assist you in changing your life by protecting your family’s future.

Golden Visa Cancellation and Extension

If you still fulfill the eligibility requirements, you can extend your UAE Golden Visa Dubai for an extra five or ten years. You must apply to the UAE government and pay the necessary costs to extend your golden visa. Either online or in a UAE embassy or consulate, the extension procedure can be finished.

You will also need to apply to the UAE government and pay the necessary costs if you need to cancel your UAE Golden Visa. The cancelation procedure can be completed online or at an embassy or consulate in the United Arab Emirates. It is crucial to remember that if you break the conditions of the visa or are found guilty of a crime, your visa may be revoked.

How to apply for a Dubai Golden Visa?

Well, it is tough to obtain a golden visa many people have faced confusion while applying for it. We have tried to simplify the procedure for you. Have a look at it:

1. Meeting Investment Criteria

First, you need to fulfill the eligibility criteria for the AED 2 million investment in any of Dubai’s commercial and residential properties.

2. Submit your Application

Prepare all the documents such as your passport, ownership proof, and your photograph. After collecting the documents submit it through the official portal.

3. Medical Test

Pass to medical examination to certify that you are deemed fit to visit Dubai city.

4. Emirates ID

Apply for the Emirates ID as well, it is vital for all Dubai residents.

5. Visa Approval

After the successful completion of all the above steps, wait for a few days to get the approval.

We hope that the blog helped to gain knowledge about the visa application process for property investors.