Dubai, the largest city in the United Arab Emirates (UAE), is a popular destination for property investors. With its luxurious lifestyle, diverse culture, and thriving economy, many people are interested in owning property in Dubai. However, it is important to understand the rules and regulations regarding residency in Dubai as a property owner. In this article, we will explore how long you can stay in Dubai if you own a property.
Dubai property ownership
In Dubai, foreigners are allowed to own property in designated areas called freehold areas. These areas include popular locations like Palm Jumeirah, Downtown Dubai, and Dubai Marina, among others. If you own a property in one of these areas, you may be eligible for a residency permit.
Residency permits
As a property owner in Dubai, you can apply for a residency permit known as a homeowner’s visa. This allows you to stay in Dubai for longer periods and provides more stability compared to tourist visas or other short-term permits.
To be eligible for a homeowner’s visa, you need to meet certain criteria:
- You must own a property in a freehold area
- The property’s value should be above a certain threshold, typically set by the Dubai Land Department
- You must have a valid passport with at least six months’ validity
- You should not have any criminal record
Duration of stay
Once you have obtained a homeowner’s visa, you can stay in Dubai for longer periods. The duration of your stay will depend on your individual circumstances and the status of your property ownership.
Typically, homeowner’s visas are valid for a period of one to three years. After this period, you can renew your visa if you still own the property. The renewal process involves submitting the required documents and paying the necessary fees.
Benefits of a homeowner’s visa
Having a homeowner’s visa provides several benefits:
- Extended stay: You can stay in Dubai for a longer duration, avoiding the need to frequently exit and re-enter the country.
- Family sponsorship: As a property owner, you can sponsor your family members, allowing them to stay in Dubai with you.
- Access to services: With a homeowner’s visa, you can access various services such as obtaining a driver’s license, opening a bank account, and more.
If you own a property in Dubai’s freehold areas, you can apply for a homeowner’s visa, which allows you to stay in Dubai for longer durations. The duration of your stay will depend on your individual circumstances and the status of your property ownership. Having a homeowner’s visa provides stability and several benefits, making it an attractive option for property owners in Dubai.