Dubai keeps gaining the interest of expats due to the entertainment facilities, warm climate, job opportunities, and a business friendly environment. In 2023, the government declared the reduction of the minimum investment requirement for gaining the investor visa.
Resultantly, expats have the opportunity to apply for an investor visa after buying real estate for a minimum cost of AED 750k. Before this change, the investor visa was available to the ones buying a home for a minimum cost of AED 1 million.
In this article, LuxuryProperty.com – a leading real estate brokerage in Dubai discussed the recently launched real estate projects that provide properties at a mini cost of AED 750k. Buying these properties will make you eligible to apply for the investor visa. And visa holders can access different perks such as the chance to reside in the UAE without any conditions, the power to attain an Emirates ID, and a driver’s license.
What Is Dubai Investor Visa?
Also called Dubai partner visa, this particular visa is perfect for expats who wish to invest in an existing business, kickstart their own business, or invest in real estate. The visa enables them to work and reside in the UAE, while sponsoring their family members. Investor Visa is valid for 3 years.
The flourishing business environment and blooming economy of the UAE attracts foreigners from different countries to pursue investment opportunities or initiate their business. For these people, the government has introduced a separate visa category known as the Dubai partner visa or investor visa.
Anyone kick-starting a business or investing in real estate or an existing business in the free zone or mainland can apply for this visa. But the application procedure differs depending on the Emirate you pick. But as this article is focusing on Dubai, we’ll talk about the required documents to apply for this visa in the mainland companies. These are as follows:
Trade license copy
Bank account IBAN number of the sponsor
The original Emirates ID of the sponsor
Passport copy of the partner
Memorandum papers as an evidence of the share of ownership
Existing UAE visa of the partner
A picture with white background
These are the required documents for foreigners who want to start a company or invest in a business in the Emirate’s mainland.
Now, it’s time to see the best real estate to invest in for gaining this prestigious visa.
Peninsula Five by Select Group
This is among the latest additions to the Peninsula region, which is a waterfront community based in Business Bay. It’s a great place for people who want to reside in the thriving heart of Dubai, while enjoying seamless access to the surrounding hubs, tourist attractions, and educational institutions.
The properties include studios and 1 to 4 bedroom flats that vary from 513 square feet to 1,815 square feet. Homes open gorgeous views of the Gulf, Dubai Canal, and Downtown Dubai. Those hunting for commodious units will be interested in waterfront duplexes that display 1 to 4 bedroom configurations. The real estate here will offer upscale decor, panoramic windows, and sophisticated interiors.
Inhabitants won’t have a dull moment in Peninsula Five. This development is planning to offer tons of recreational and leisure facilities, including swimming pools, a community shopping mall, cycling and walking trails, squash court, a skatepark, basketball court, and tennis courts.
Peninsula Promenade is gearing to be the heart of the development where inhabitants can visit a jet fountain area, an outfit cinema, and art park. Peninsula Five has an estimated handover date of Q4 2024. The studios will come with the starting price of AED 1 million.
Azizi Riviera Beachfront
Freshly launched by Azizi Developments, this project is a residential complex situated in Meydan, MBR City. The venture consists of 3 buildings with properties that differ in floor plans and size.
Owners can enjoy stunning views of Dubai skyline, the surrounding lagoon, and Burj Khalifa. The complex presents plenty of sports facilities, white sand beaches, basketball courts, swimming pools, tennis courts, gyms, jogging and cycling tracks.
From here, you can easily travel to any region of Dubai. The nearby places include Dubai Festival City Mall, Meydan One Mall, Dubai Festival City Mall, and Meydan Racecourse. Downtown Dubai can be reached in 15 minutes.
This is a 21-storey tower situated in Al Jaddaf – a region which is encircled by Dubai Creek and Royal Za’abeel Community. Real estate will offer 1 to 3 bedroom flats that vary from 700 square feet to 1,550 square feet. Units will be equipped with floor-to-ceiling windows and deep balconies from where you can see the city skyline and Dubai Creek.
The host of amenities include a kid’s play area, a swimming pool, gym, and many more. High-tech gadgets such as voice controlled assistants will maximize security and comfort. Both Downtown Dubai and Business Bay can be reached within 10 minutes.
For leisure and entertainment, the nearby Ras Al Khor Wildlife Sanctuary, Dubai Festival City, and Wafi City Mall are available. This complex will be completed in Q1 2023. 1 bedroom apartments are priced from AED 650k to AED 965k.
Sobha Hartland The Crest
This residential project is present in Sobha Hartland. It is composed of 4 towers – A, B, C, and D. The project showcases a rare architecture due to the interlinked Sky Gardens. 1 to 3 bedroom flats are available that differ in floor plan and size.
Different amenities are laced in these units, such as sports facilities, BBQ pits, and a swimming pool. Other nearby facilities include restaurants, retail outlets, and a garden. Both Hartland International School and North London Collegiate School are available in Sobha Hartland development.
Downtown Dubai and Business Bay are situated 10 minutes away, while Dubai Marina can be reached within 25 minutes. The starting price of 1 bedroom apartments is AED 890k.
Ellington Hamilton House
This is among the newest projects by Ellington Properties. Situated in Jumeirah Village Circle, this is a clever location as tenants and investors appreciate the moderate real estate costs here. The residential units include studios to 2 bedroom flats that vary from 387 square feet to 1,300 square feet.
Inhabitants of Hamilton House will be able to enjoy a hotel-like lobby, lounge pools, a yoga zone, leisure spots, a fitness center, and a pool deck. Flats in Hamilton House display a laundry room, open plan kitchen, crafted cabinets, and appliances. The balconies open beautiful views of rich greenery and the nearby areas.
Homeowners can easily reach other corners of the city. Downtown Dubai and Dubai Marina are 20 minutes away. The nearest entertainment venues are Jumeirah Golf Estates Clubhouse, Dubai Miracle Garden, Dubai Butterfly Garden, and Jebel Ali Racecourse. 1 bedroom flats have a starting price of AED 845k.