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Thursday, June 13, 2024

Three types of visas allow you to reside in the UAE without having a job there.

Even if they are not employed or operating a business in the UAE, expatriates have the option to get a residence visa, an Emirates ID, and the right to sponsor their family members. Three different forms of self-sponsored residence permits make this possible. Details are as follows:

One-Year Remote Work Visa: Holders of this visa are able to reside in the UAE while working remotely for companies headquartered elsewhere. It allows remote workers to sponsor their family members for a year. You must satisfy the following requirements in order to apply for this visa:
Show that you perform remote work for a company that is not located in the UAE.
possess a minimum monthly income of $3,500 (or the equivalent amount in another currency).

Real estate investors in the UAE have the option of obtaining a self-sponsored resident visa for two years if they invest in real estate. You must possess real estate worth at least Dh750,000 in order to qualify for this visa. You can also apply for this visa through the Cube Centre of the Dubai Land Department if you and your spouse own property worth this amount jointly.
Investment Real Estate Golden Visa: A Golden Visa, which is good for 10 years, is an option for investors with properties valued Dh2 million or more. The conditions for acquiring a Golden Visa through real estate investment are as follows:

  • Real estate investors can qualify for a Golden Visa when they purchase a property valued at least Dh2 million.
  • Investors can also obtain the Golden Visa when buying property with a loan from specific local banks.
  • Another option is to obtain the Golden Visa by purchasing one or more off-plan properties, each valued at no less than Dh2 million, from approved local real estate companies.

UAE Retirement Visa – Five Years: 55-year-old retirees and older have the option of applying for a five-year retirement visa. The following criteria apply: possess a minimum of 15 years of work experience, either inside or outside the UAE, or, at the time of retirement, be 55 years or older. Own a property or properties worth at least Dh1 million, have at least Dh1 million in savings, or earn at least Dh20,000 a month (Dh15,000 in Dubai). Your most recent six months’ worth of bank statements must also be provided. Individuals, such as remote workers, real estate investors, and retirees, have freedom and a range of options with these self-sponsored resident visas in the UAE.

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