Golden Residency — Real Estate Investor

The investor must own one or more properties in the UAE with a total value of at least AED 2,000,000, with full ownership of the property registered in the investor’s name. The property may be financed through a loan, provided that the financing is obtained from an approved local bank.

The investor must have purchased one or more off-plan property units with a total value of at least AED 2,000,000, provided that the purchase is made from an approved local real estate company authorised by the competent local authority.

Owning a property or a group of properties within UAE (mortgaged property is acceptable, and includes all types of properties).

Letter from the Real Estate Registration Department confirming investor’s ownership of property worth at least AED 2,000,000.

It is required to place a lien on the property to ensure the continuity of ownership throughout the validity of the Golden Residency, (in accordance with the procedures of the Land Department.)

The Authority reserves the right to take the necessary measures to ensure that individuals covered by the provisions of this resolution continue to meet the conditions stated therein throughout the validity period of the Golden Residence Permit (property may not be disposed of nor the financial deposit refunded throughout the 10-year residency period).

The investor and their family members must have comprehensive and valid health insurance coverage throughout the validity period of the residency.

Golden Residence Permit holders are exempt from the 180-day residency law, as the residency is considered void only if it expires outside the country.

the ability to sponsor family members, including spouses and children.

The ICA may - after the approval of the Competent Authorities, as the case may be - shall issue a long-term Residence Permit for a period of (10) ten years. The Golden Residence Permit shall be subject to renewal, for certain categories of the Foreigners and their families, allowing them to self-reside without the need for the Guarantor/the Host Party inside the State

Golden Residence Permits are renewed with the approval of the ICA and the Competent Authorities, as the case may be and in accordance with the same standards and conditions under which it is granted, and after paying the prescribed fees.

5 years (real estate investments)