Are you wondering, “Can I get a UAE Golden Visa if I buy a property worth 2M AED with a payment plan?” This guide provides a clear, investor-focused answer with step-by-step details specific to installment payment plans and off-plan real estate in Dubai and the UAE.
UAE Golden Visa for Property Investors: An Overview
The UAE Golden Visa has become a powerful magnet for international real estate investors seeking long-term residency in Dubai. For property investors, the most relevant pathway is the 10-year renewable residency, which is now available to those purchasing real estate with a minimum value of AED 2 million. This initiative is designed to attract global citizens, offering exceptional benefits such as zero personal income tax, no capital gains tax, and no inheritance tax. Investors only need to be physically present in the UAE for one day every two years to maintain their visa. These flexible conditions have made Dubai’s property market a strategic entry point for wealth planners and global mobility seekers.
Eligibility Criteria: 2M AED Property with a Payment Plan
To directly answer: yes, you can qualify for the UAE Golden Visa if you buy a property worth AED 2 million, including those purchased with a payment plan—subject to meeting specific conditions. The most crucial criteria are:
- The property value, whether completed or off-plan, must be at least AED 2 million.
- Ownership can be mortgaged or under an installment plan, but a certain portion (often AED 2 million) must be paid to the developer or bank before applying for the visa.
- For off-plan properties purchased from approved developers, the eligibility often activates once the total paid value hits the AED 2 million threshold, even before final handover in some cases.
This approach democratizes the Golden Visa, as you don’t always need to pay the entire sum upfront. However, requirements differ between Emirates and developers, so confirming your payment status with your property advisor is essential.
Navigating Off-Plan Property Purchases and the Golden Visa
Off-plan properties—developments still under construction—are increasingly popular with investors wanting generous payment plans and entry at lower initial outlays. Dubai is particularly famed for its innovative off-plan projects, such as Bayz 102 in Business Bay, which often qualify for the Golden Visa once your paid amount reaches AED 2 million.
The process for obtaining a Golden Visa with an off-plan property typically involves:
- Selecting an off-plan project from a government-approved developer.
- Committing to a payment plan that brings your cumulative payments to at least AED 2 million.
- Obtain developer or escrow account statements to confirm the total amount you have paid.
- Submit these documents with your Golden Visa application through the relevant UAE government channels.
Because off-plan payment structures vary, some projects enable you to reach the AED 2 million milestone during the build phase, unlocking early eligibility for residency. Always check the project’s standing and whether early eligibility is supported.
Example: Bayz 102 in Business Bay
Bayz 102, a 102-story landmark in Business Bay, exemplifies how premium off-plan developments impact Golden Visa applications. With anticipated completion by 2028 and flexible installment options, investors who reach the AED 2 million payment can unlock long-term residency benefits, even before handover.
Required Documents and Application Process for Property Investors
Once you reach the payment milestone, you’ll typically need:
- A copy of the property purchase agreement or title deed.
- Evidence of payments—escrow statements or a letter from the developer.
- Valid passport and UAE entry permit.
- Passport-sized photographs.
- Health insurance (as mandated for residency applicants).
The application is processed via the Dubai Land Department or the relevant authorities. Fees, biometric scans, and health checks may apply. Partnering with an experienced developer or property specialist helps streamline the documentation and application process.
Key Considerations: Mortgage, Completion Status, and Family Sponsorship
- Mortgaged Properties: If you purchase on a mortgage, you must have paid the equivalent of AED 2 million (excluding interest) before applying.
- Completion Status: For off-plan properties, eligibility may depend on the payment stage, not necessarily having a completed unit.
- Family Sponsorship: Golden Visa holders can sponsor their spouse, children, and in some cases, domestic staff for long-term residency.
Always verify the latest government rules, as policies can shift year to year, and specific districts or projects may have extra steps.
Danube Properties: Your Partner in Securing a UAE Golden Visa through Investment
Danube Properties is one of Dubai’s trusted developers for investors eager to secure a Golden Visa through real estate. With a portfolio spanning Dubai’s most sought-after neighborhoods and proven experience guiding clients through every step of the residency process, Danube Properties ensures a smooth journey—from project selection to Golden Visa approval.
Frequently Asked Questions About Property Investment and the Golden Visa
- Can I apply with a property purchased on a payment plan? Yes, once your payments total AED 2 million or more.
- Do off-plan properties qualify? Yes, if the developer and payment plan meet regulatory standards and the payment threshold is satisfied.
- Who can I sponsor? Typically, your spouse and children; rules may allow additional dependents.
- What documents are needed? Proof of payment, property contract, passport, and relevant UAE government forms.
In summary, you can secure a UAE Golden Visa through a property worth AED 2 million purchased with a payment plan, provided you meet payment and documentation criteria. For detailed guidance and project options, contact Danube Properties to learn more.
