Dubai, the dazzling city of skyscrapers and luxury, has become a magnet for global investors and residents. If you're considering making Dubai your new home, you'll need to navigate the world of visas. Two options that might pique your interest are the "royal visa" and the "property visa." But what exactly do these terms entail?
There's no official "royal visa" offered by the Dubai government. The term is likely used by some real estate agents or marketing materials to denote a high-end property purchase that qualifies for a residency visa.
The Power of Property: The Dubai Investor Visa
The real visa option here is the Dubai Investor Visa, also known as the property visa. This visa grants residency for three years to individuals who invest a specific amount in Dubai real estate. Here's a breakdown:
- Minimum Investment: AED 2 million (around USD 550,000) for a freehold property (you fully own the property).
- Mortgaged Properties: If the property is mortgaged, the minimum purchase amount with your own funds needs to be AED 750,000 (around USD 205,000).
