Dubai Residence by Investment Program

The recent introduction for Dubai residence by investment programs has become a game-changer in the economy of the UAE. For many years the seven Emirates of UAE have allowed migrants to work and live in the country. Two of the largest cities in the UAE, Dubai and Abu Dhabi are popular destinations for migrants from different nationalities and cultures. 80% of the majority population in the UAE are listed as migrants with 90% of them belonging to the workforce.

The open economy in the UAE not only invites business investors to set up a business in the UAE. But also workers who look for job opportunities in diverse industries. As well as students who wish to build a career by migrating to Dubai with student visas. The UAE fuels its economy with natural resources such as oil and gas and with migrant laborers contributing to the consumer market in the country. The Gulf Cooperation Council (Countries) are listed as the most popular destination for migrant workers worldwide.

The decision to allow residence by investment program has increased the rising potential in different sectors including the real estate and property. Foreign investors with different types of investor visas get benefits when contributing to the state. Choosing a suitable Dubai investor visa will allow you to get a residency permit in the country.

UAE Property Market

The UAE property market faces an increasing profit due to the expats and other foreign investors buying and renting properties in the cities. Expats migrating to Dubai for job opportunities, rent properties in popular cities to live in Dubai with comfort. However, in recent times, long term working expats who have resided in the UAE for more than 3 years are planning to buy properties to create a home in the city. Resulting in migrating to different cities in the UAE. The UAE expat visa allows permanent residence for migrant workers who work more than 3 years in the country with a high income. The expat will get citizenship in the country. Allowing the expat to be a sponsor to family and other relatives. This in return has increased the real estate opportunities in the economy. If in case, the expat decides to invest in the trade operations within the city, they will contribute further to the economy as well as obtaining other investor benefits in the country. However, they should first apply for trade licensing and the procedures to start a business in the country.

Although expats can get citizenship in the country, non- GCC citizens who invest in properties in the UAE will not be able to get citizenship in the country. It is very rare to get citizenship even when you invest in properties. But with some authorities and criteria’s the process can be done.

Temporary Residence Visa

Foreign investors applying for a 3-year investor visa program in the UAE have to follow the criteria to be able to become a temporary residence in the UAE. The three-year visa will give you investor benefits but not a permanent advantage in the country. The visa laws are strict in the country, however, there are ways to become a permanent residence in the UAE.

Ten-year investor visa in UAE

The recent introduction for a ten-year investor visa in UAE has opened the opportunity to become a permanent residence in the UAE. Since the foreign investor follows the Dubai investor visa procedures they are eligible to apply for citizenship in the country. Allowing migrating to live in Dubai. The visa holder can also sponsor family, children, and relatives with the visa. Buying property in the country and enrolling for school, medical and other facilities are also allowed. The UAE banks also welcome investors to use banking services while residing in the UAE as a residence.

There is also a gold card program unveiled in the UAE, this visa program is for investors and special workers such as doctors, engineers, and others. The permanent residency option in the country not only benefits the individual but also impacts the economy of the country. By obtaining a permanent residence visa you will not need to apply for visas while traveling around the Gulf.