Residence permit in Dubai (UAE) when buying real estate

A residence permit (PR) is a permission that allows foreign citizens to reside on the territory of the state on a permanent basis. Different requirements and criteria are used for its issuance, including investments in immovables, work in the terrain of the United Arab Emirates, family ties and some others. The owners have ingress to the medical services provided, educational opportunities and other benefits.

This permit provides investors with attractive opportunities. Some features of this process:

1. Investment standards. Usually, an investment in an object of a certain value is needed to get permission. The sum of investment varies depending on the territoriality and kind of property.
2. Types of property. In some emirates of the UAE there are special projects that suggest it in exchange for the buying of immovables, for example, an apartment, villa, office space.
3. The receipt procedure. After the transaction, the depositor is granted a temporary permit. Then there is already an application for regular residence. That process consists of testing financial viability, safety and other administrative procedures.
4. Advantages. RP-holders enjoy privileges: access to medical services, educational institutions, the possibility to engage in entrepreneurship and labor without having to apply for a special work visa.
5. Features for families. In the case of receiving a permission based on the acquisition of immovables, it usually applies to close relatives of the investor, including a spouse and children under the age of 18.
6. The need to comply with the terms. In order to sustain the status of a resident, the depositor must comply with certain conditions, such as living in the area of the state for a certain amount of time during the year, otherwise cancellation may occur.

Given these features, a residence permit is a tempting opportunity for investors who want to invest in immovables and secure a stable residence in the UAE.

In Dubai, foreign investors get the possibility to purchase various kinds of immovables in accordance with the laws of the country. Here are several types available to foreigners in this city:

1. Apartments. The most common type that is available for buying by foreigners. They represent living spaces in multi-storey buildings and offer various sizes and comfort levels.
2. Villas. It is also possible to buy villas in various areas of Dubai. They are detached houses with their own territory and private access.
3. Commercial immovables. Depositors have the right to purchase commercial real estate, such as office space, shops, restaurants and other commercial facilities. This provides business opportunities, including rental ones.
4. Hotel rooms. Some projects in Dubai offer the possibility of purchasing hotel rooms. This allows you to earn rental income.
5. Land plots. In some cases, investors also buy land for the construction of residential or commercial facilities. However, there may be certain restrictions and terms.

It is important to note that when buying property in Dubai, foreign investors are usually required to comply with certain rules and procedures established by law.

When applying for a mortgage, you can count on this permission in the UAE. Here are some key points related to this process:

1. Conditions for the object of purchase. It must meet certain criteria set by the Government. These are usually apartments or villas in pre-approved projects.
2. Minimal investments. Buyers usually have to make a minimum down payment. The sum of this contribution varies depending on the bank and its terms of the loan.
3. Mortgage repayment. During the term of the loan, it is necessary to repay the debt to the bank in a timely manner. This is an important term for maintaining the status and the possibility of issuing RP.
4. The receiving process. After the immovables have been purchased, you can proceed with the procedure of its registration: submitting an application, providing the needed documents, passing a medical examination and security check.
5. Advantages. PR-holders have the right to stay in the country on a permanent basis and enjoy the benefits available to residents, including medical care, education, work and business.

Thus, a mortgage provides additional opportunities for living and development in the UAE, and is also a profitable option for long-term investments.

The permit provides immigrants with a number of significant advantages:

1. Legal stay.
2. Freedom of movement.
3. Access to education.
4. Medical services.
5. Employment opportunities.
6. Banking services and financial benefits.
7. Access to immovables.

In general, this document provides immigrants with a wide range of benefits that contribute to a comfortable and steady adaptation in the country.

It usually includes several stages and terms that need to be fulfilled:

1. Acquisition of real estate.
2. Investment conditions.
3. Obtaining a temporary permit.
4. Applying for a permit.
5. Consideration of the application.
6. Obtaining a permanent residence permit.

Each emirate has its own characteristics and requirements for the process of gaining a permission through the acquisition of real estate, so it is important to familiarize yourself with the specific rules and procedures for the selected region.

When registering, you provide a certain set of documents and meet certain deadlines. This set usually includes:

1. Passport and copies.
2. Photo.
3. Documents on the ownership of immovables.
4. Application and questionnaires.
5. Medical documents.
6. Financial documentation.

As for the timing, they vary and depend on the specific context and the emirate. In general, the registration act can take from several weeks to several months, including time to revise all official papers and make a decision on extradition. It is important to follow all instructions exactly and comply with all requirements in order to avoid delays and unforeseen problems in the process.

The extension of a permission is a process that allows residents to stay permanently after the expiration of their current one. Some information about the renewal procedure:

1. Time limits. This procedure begins a few months before the expiration date. It is important to start it in a timely manner in order to evade problems with staying in the territory of the state.
2. Demanded documents. For an extension, it is demanded to give a copy of the current one, passport, accomplished application blanks and other documents that may be required depending on the specific situation.
3. Payment of fees. The extension may also require payment of administrative and other fees set by local authorities. The amount varies depending on the type and duration of the extension.
4. Checking the status. When submitting an application, the applicant's status may be checked, including checking his financial viability, compliance with state laws and other aspects.
5. Consideration of the application. After the application is submitted, it is reviewed by the competent authorities. This process can take some time – from several weeks to several months.
6. Obtaining a new permission. After successful consideration of the application, the applicant is issued a new one with an updated validity period, allowing him to stay in the land on a permanent basis.

It is important to remember that the procedures and requirements for renewal may vary depending on the specific situation and the policy of the city authorities. Therefore, it is recommended to consult official sources or specialists in the field of immigration law for up-to-date information and advice.

Refusal to issue a permit when purchasing real estate may be due to several reasons:

1. Dissatisfaction with investment requirements. If the depositor does not meet the minimum criteria for immovables investments established for obtaining a residence permit, this may cause deny.
2. Document inconsistency. Their absence or incorrect filling can also lead to rejection. It is important to provide all the required documents in full and properly file the application.
3. Violation of the law. If the investor has violated the laws or orders of the country, this may become an obstacle. For example, a criminal record or failure to fulfill financial obligations.
4. Insufficient financial viability. When a buyer does not demonstrate sufficient financial solvency to support himself and his family, this may be grounds for rejection.
5. Non-compliance with the safety criteria. Sometimes, security criteria may be applied, and if the applicant does not pass the test, he may be refused.
6. Uncertain and unreasonable sources of income. If financial receipts are in doubt or cannot be unequivocally confirmed, this may also be the reason for refusal.

It is important to carefully prepare for the process of obtaining a permission, make sure that it meets the requirements and provide all the necessary documents and information to minimize the risk of rejection.

Contacting an agency to buy immovables in Dubai, especially if you plan to obtain a residence permit in the UAE, has several advantages:

1. Professionalism. The staff has extensive experience and competence in this field. The team of experts knows the market internally, which will help in choosing the best option for investments, taking into account the needs and goals.
2. A wide selection. The company offers a variety of options, from apartments to villas and commercial properties. This allows you to choose exactly what suits your preferences and budget.
3. Support at all stages. Providing comprehensive support at all stages of the transaction, starting from the search for the object and ending with the signing of the contract and registration of the property. This is especially important when you are seeking to obtain this permit, as a properly executed transaction can speed up its issuance.
4. Understanding the requirements for a permit. The agency's team understands the regulations and procedures for obtaining a residence permit in the UAE through the buying of immovables. They will be able to provide you with the information and advice you need to complete this procedure successfully.
5. A long-term partnership. The agency strives to create long-term relationships with clients, which means that it will support you not only during the transaction, but also after it. This is important, especially if you plan to stay in the United Arab Emirates on a permanent basis.

By contacting Home&Joy, you can be sure that your purchase procedure will be accompanied by professionals who are ready to provide you with high-quality services and assistance at every step.

You can learn more about the purchase of apartments, villas, apartments and other housing not only in Dubai, but also in other cities of the UAE on the Home&Joy website.