Dubai residency by buying property
How to Obtain Residency in Dubai Through Property Purchase?
By purchasing a property worth at least AED 750,000, you can secure a renewable visa for yourself and your family, benefiting from a tax-free environment, world-class infrastructure, and high security. This guide explores the conditions, steps, costs, benefits, drawbacks, and top areas, with special tips for Iranian investors seeking a stable and prosperous life in the UAE.
Rules and Requirements for Dubai residency
- Submit application to Dubai Land Department (DLD)
- Obtain a No Objection Certificate (NOC) from Dubai Police
- Finalize application at Dubai Land Department (DLD)
Submit application to Dubai Land Department (DLD)
The applicant must visit the DLD office in Deira and provide required documents, including the original property title deed, passport (for self and family members), visa status printout, and passport-sized photos. Upon review, a confirmation letter in Arabic is issued.
Obtain a No Objection Certificate (NOC) from Dubai Police
Present the DLD confirmation letter and a passport copy to the Dubai Police to obtain a No Objection Certificate (NOC) for approximately AED 220. This certificate confirms no criminal record and eligibility for residency, typically issued within two working days.
Finalize application at Dubai Land Department (DLD):
- Submit the NOC, a copy of the DEWA bill, passport copy, marriage certificate (if joint investment), and bank certificate (if a mortgage exists) to the DLD. If required, property title deed and mortgage verification must be completed at a registered trustee institute for about AED 1,590.
Dubai residency costs:
| Item | Cost (AED) |
|---|---|
| Minimum Property Value | 750,000 |
| Contract Registration Fee | 1,000 |
| Residency Issuance Fee (per person) | 1,100 |
| Medical Checkup (per person) | 220 |
| Emirates ID Card (3 years) | 370 |
| Property Transfer Fee (4% of property value) | Variable (e.g., 30,000 for a 750,000 AED property) |
| No Objection Certificate (NOC) Fee | 220 |
| Title Deed and Mortgage Verification (if applicable) | 1,590 |
Benefits of Buying Property and Obtaining Residency in Dubai
Purchasing property in Dubai and securing residency offers numerous advantages for investors and families. Dubai’s advanced infrastructure, including modern transportation, world-class hospitals, and high-quality education systems, creates an ideal environment for a luxurious and comfortable lifestyle. The city’s high security, with low crime rates and stringent laws, ensures peace of mind for residents. As a strategic bridge between East and West, Dubai provides easy access to global destinations through its international airport and prime geographic location. Its booming economy, favorable tax policies (no personal income or property taxes), and high rental yields (7-10%) make real estate investment highly profitable. Dubai’s cultural diversity, hosting over 200 nationalities, combined with recreational amenities like beaches, shopping malls, and luxury dining, enhances quality of life. Obtaining a 2- to 10-year residency visa (with a minimum investment of AED 750,000) allows you and your family to live without a sponsor. Additionally, cutting-edge technology and smart city initiatives position Dubai as a forward-thinking destination for a modern, sustainable lifestyle.
Disadvantages of Buying Property and Obtaining Residency in Dubai
- No possibility of obtaining permanent residency or an Emirati passport.
- High cost of property purchase (minimum AED 750,000) and living expenses in Dubai.
- Requirement for periodic visa renewal and maintaining property ownership.
- No work permit with a property visa (requires a separate work visa).
- Property purchase limited to freehold areas only.
- Hidden costs such as title deed registration, real estate fees, and insurance.
- Requirement to pay at least 50% of a mortgage before applying for residency.
- Residency cancellation upon selling or transferring the property.
Best Areas for Property Purchase in Dubai
Dubai Marina:
The applicant must visit the DLD office in Deira and provide required documents, including the original property title deed, passport (for self and family members), visa status printout, and passport-sized photos. Upon review, a confirmation letter in Arabic is issued.
Downtown Dubai:
The heart of the city, Downtown Dubai is home to iconic landmarks like the Burj Khalifa and Dubai Mall. This area offers a mix of high-end apartments and penthouses, ideal for those who want to live in the epicenter of luxury and culture. With world-class shopping, dining, and entertainment options, it’s a hotspot for professionals and tourists alike.
Palm Jumeirah
The applicant must visit the DLD office in Deira and provide required documents, including the original property title deed, passport (for self and family members), visa status printout, and passport-sized photos. Upon review, a confirmation letter in Arabic is issued.
Business Bay
A dynamic business and residential hub, Business Bay is ideal for professionals and investors looking for commercial and residential opportunities. With modern apartments, proximity to Downtown Dubai, and a thriving corporate environment, it offers a perfect blend of work and lifestyle.
Dubai residency costs:
| Visa Type | Minimum Investment (AED) | Duration |
|---|---|---|
| 2-Year Visa | 750,000 | 2 Years |
| Golden Visa (10-Year) | 2,000,000 | 10 Years |
