March 22, 2024
Residency by investment programs

Buying Real Estate in UAE as a Foreign Investor

Do you want to own a house in the UAE? For a foreign investor, the notion of purchasing real estate in the UAE is not only intriguing; it is enthralling. Consider enjoying your morning coffee while admiring the stunning Dubai skyline or the tranquil serenity of Abu Dhabi's coastline attractions. These goals are now within your grasp.

Negotiating the complexities of the UAE's real estate market can be compared to navigating a crowded bazaar in a distant place, but every twist and turn is worth the journey. The advantages of purchasing real estate in the UAE are a treasure trove just waiting to be discovered. And the most valuable of all? The possibility of obtaining a Golden Visa by investing in one of the seven emirates. It's not just about owning a house; it's about obtaining a key to the kingdom, a place where dreams can genuinely come true.

Why The UAE Real Estate Market Appealing

The UAE’s real estate market is a paradise for investors, where attraction meets opportunity in a perfect blend. It’s a place where your dreams can soar and your investments can thrive. Let’s dive into the reasons why the real estate market in the UAE is so attractive.

First, the UAE has a booming real estate market, especially in Dubai, supported by strong economic growth and compliant regulations. This is a place where your investment can not only grow, but also thrive. With high yields and rental income, you’re guaranteed a good return on your investments. Add to that the attractive tax breaks and you’ve got a recipe for success.

Second, safety is a top priority for investors. The UAE delivers on this front as well, offering a safe and stable environment to invest in, providing you with peace of mind as your real estate portfolio grows.

But there's more to the UAE's real estate investment can offer and it’s the Golden Visa. Owning property in the UAE not only secures your slice of paradise but also opens the door to a world of opportunities. The Golden Visa, a gateway to long-term residency, can pave the way for exciting business ventures and even the possibility of obtaining UAE citizenship. 

Eligibility Criteria to Buy Real Estate and Get a Golden Visa in UAE

The path to the dream of obtaining a UAE Golden Visa is paved with real estate investment, and the journey is filled with potential. As with every good thing, first you need to be eligible to apply. Here are the main criterias for the golden visa for UAE

Real Estate Investor

- For those looking to invest in UAE real estate, the key requirement is to invest at a minimum property value. This typically falls within the range of AED 1 million for joint investments and AED 2 million or more for single investors.

Real estate investment is not just about securing a property; it's about securing your place in the heart of the Emirates. By investing a minimum of AED 2,000,000 (about USD 550,000) in a home, you not only gain a luxurious residence but also the promise of stability and security for the long term. It's an emotional investment in your future, a testament to your belief in the limitless opportunities that the UAE offers. 

Financial Stability

- To further enhance your eligibility, you should have a monthly income of at least AED 50,000 during and after the investment. This demonstrates your financial commitment and ensures that you are well-equipped to support yourself and your loved ones during your stay. Additionally, this is a condition for one of the specialized talents, executives, who can apply for a golden visa.

Background Check

Maintaining the integrity and security of the UAE is of utmost importance, which is why all applicants undergo a thorough background check during their citizenship application. This thorough check is done to ensure that the applicant has a clean criminal record. By following this rule, the UAE remains a safe and secure country for all its citizens.

Health Assessment

Individuals seeking UAE citizenship must undergo a thorough medical examination in the spirit of shared responsibility. This examination not only confirms the applicant's overall health, but also assures that they have the physical ability to contribute to the nation's growth. It's a pledge to good health and a proclamation of your willingness to actively contribute to the country's thriving future.

Financing Options for UAE Residency by Investing in Real Estate

The UAE's residency-by-investment scheme offers two appealing options: a 2-year residence and an incredible 10-year residency. And here's the amazing part: you can make these ideas a reality even if you need to borrow money from a bank.

If you choose the 2-year residence option, you will have the opportunity to immerse yourself in the UAE's unique culture and magnificent surroundings. The catch is that you do not have to pay the complete property price upfront. A bank loan can be a dependable friend on this journey. However, in order to secure your piece of paradise, you must demonstrate that you have the finances and willingness to make a 50% down payment.

The 10-year residence option, on the other hand, is the ultimate invitation to call the UAE home for a decade. It's an emotional investment in your future as a citizen of this amazing country. You don't have to let the full property price stop you if you have a bank loan. Of course, the down payment is still required.

Finding Your Perfect Property

Finding your perfect property in the UAE is not just a search; it's a voyage of emotions and dreams, guided by the choices that resonate with your heart. Here's how we embark on this heartfelt journey together:

Location Matters

Choosing the right location is a bit like choosing the setting for your most cherished life memories. Do you envision your home in the vibrant Freehold Zones, where the city's pulse beats at your doorstep? Or perhaps in the lap of luxury, surrounded by serene neighborhoods? Your choice is a reflection of your emotions and aspirations. And the good news is, you're not alone on this quest. Our dedicated team is here to help you find the location that sings to your heart, a place where your dreams can take root.

Property Types

Properties in the UAE are like chapters in your life story, each with its unique charm and character. Whether it's the elegance of an apartment, the grandeur of a villa, or the promise of an off-plan project, each property type has a different emotional journey to offer. We'll explore these options together, helping you understand the pros and cons of each. Your choice isn't just about property; it's about the lifestyle you aspire to lead and the memories you wish to create.

Life Goals

Your property journey is deeply tied to your life goals. Are you seeking a long-term investment, a place where your roots can grow and flourish? Or do you have your sights set on a tangible asset that you can sell when the market is in your favor? At Mirabello Consultancy, we're not just property advisors; we're dream architects. We'll work with you to identify your life goals and align them with the perfect property choice.

Investment Amount

Finances can be a daunting aspect of the property search, but we're here to ensure that your property journey stays within your budget. Our experienced lawyers will guide you through the financial aspects, helping you keep your investment in check. Your dream property should be an emotional investment, not a financial burden.

UAE Golden Visa Costs

Obtaining a 10-year UAE resident visa with a minimum investment of AED 2,000,000 (about USD 545,000), you're not just buying a property, you're also securing a sanctuary of stability and security in the heart of the Emirates.

Additional Costs 

 Minimum Real Estate Investment  AED 2,000,000+ (approximately USD 545,000+)
 Registration Fees  AED 160,000+ (within the investment. Approximately USD 21,800+)
 States Fees for the Visa  AED 3,860 per person (approximately USD 1,050)

Please note that the USD prices can differ due to the USD values in the UAE market 

Property Management in UAE 

With your golden visa in hand, you have the freedom to stay in the UAE as long as your heart desires or to spend up to six months abroad.

Property management in the UAE is a breeze. When you're not around, experts can take care of your home and even find renters for you. Property management services typically cost around 5% of the rent. For residences, this usually amounts to 2-5% of the annual rent. It's a reassuring investment in the security and upkeep of your property while you explore the world, ensuring it remains a valuable asset even in your absence.


Are there any restrictions on property ownership for foreigners in the UAE?

While you can buy property as a foreign investor in the UAE, the specific regulations vary by Emirate. Dubai, for example, has freehold areas where foreigners can own property outright, while other Emirates may have different rules. Understanding these variations is crucial to make your property journey as enchanting as possible.

What are the benefits of owning property in the UAE as a foreign investor?

Owning property in the UAE is not just an investment, it's an emotional adventure and most importantly it gives you the opportunity to live and work in the UAE. With a UAE golden visa you can  live and work in any of the emirates for 10 years and renew it once the validity expires.

What are the benefits of a golden visa of UAE?

Owning a Golden Visa in UAE opens a big world of work, luxurious life, and stability. UAE provides high-quality Education and Healthcare for all the residents, a chance to obtain a driving license and drive almost anywhere in the world without boundaries, own a property and sell it, and an incomparable tax opportunity on income and for corporate business.


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