Dubai is one of the most preferred tourist destinations and business hubs in the world. With its booming economy and luxurious lifestyle, it has become the first choice for expats to settle down and make their new lives. If you own a property in Dubai, you can apply for a Property Owner Visa that will give you the privilege to live and work in Dubai. In this blog post, we will guide you through everything you need to know about the Property Owner Visa in Dubai and how to apply for it.
What is Property Owner Visa in Dubai?
Property Owner Visa in Dubai is a specialized visa category that allows property owners to live and work in the country. This visa is granted to the owner of the property, along with their immediate family members, i.e., spouses and children. This visa is applicable to both residential and commercial property owners. The visa is valid for a period of three years and can be renewed.
Requirements for Property Owner Visa in Dubai
To be eligible for a Property Owner Visa in Dubai, the following documents are required:
- Proof of ownership of the property, i.e., title deed or sale-purchase agreement.
- A valid passport with at least six months’ validity.
- Proof of income, i.e., salary certificate or bank statements.
- Proof of health insurance for all family members.
- An application fee is also payable.
How to apply for Property Owner Visa in Dubai?
To apply for the Property Owner Visa in Dubai, the following steps are required:
- Gather all the necessary documents as listed in the requirements section.
- Submit the application to the Dubai Land Department.
- Complete the visa application form and attach the required documents.
- Pay the visa fee.
- Wait for the visa processing to complete.
Benefits of Property Owner Visa in Dubai
There are several benefits of having a Property Owner Visa in Dubai, some of which include:
- Freedom to live and work in Dubai for up to three years.
- Easy access to getting a residence permit, banking facilities, and driving license.
- Exemption from income tax, capital gains tax, and inheritance tax.
- The ability to sponsor dependents and employees for their visas.
- No restrictions on owning a business, as the Property Owner Visa holder can be both a shareholder and director.
Conclusion
The Property Owner Visa in Dubai is a great privilege for those who own property in the city. The visa offers great benefits, and it is relatively easy to apply for compared to other types of visas in the UAE. With so many advantages to having the visa, it is a good decision to invest in property in Dubai for those looking to move there. If you are interested in a Property Owner Visa in Dubai, follow the steps given above and you will be on your way to enjoying the benefits of living and working in D
