New Long-Term Visas: What They Mean for Buyers
    Luxury LivingFebruary 3, 20193 min read

    New Long-Term Visas: What They Mean for Buyers

    The UAE has approved long-term residence visas for investors, entrepreneurs and professionals. How the new categories link to property ownership.

    Chief Economist

    PhD from London School of Economics. David's macroeconomic forecasts have guided institutional investors through three market cycles in the Gulf region.

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    The UAE has approved new long-term residence visas for investors, entrepreneurs, specialised talents and outstanding students. The reforms, announced last year and now being implemented, mark a significant change from the traditional model of short, employment-linked residency.

    The new categories

    • Investors: long-term visas for significant investments, including property.
    • Entrepreneurs: visas for founders of approved businesses.
    • Specialised talents: doctors, scientists, researchers and others.
    • Students: outstanding students and graduates.
    • Retirees: options for residents above a certain age who meet financial criteria.

    The link to property

    Property investors who meet the value and ownership requirements can qualify for longer residency. This gives ownership an added benefit beyond income and capital growth.

    Effects on demand

    Longer visas are likely to encourage residents to buy homes and investors to commit to higher-value properties. Demand for family homes in established communities may also increase.

    Practical considerations

    Requirements, such as minimum values, whether mortgaged property qualifies and the documents needed, should be checked carefully with the authorities before buying.

    Who benefits most

    Business owners, high-earning professionals and families planning to stay in Dubai for many years are likely to benefit most.

    Families and the new visas

    Long-term visas for investors and professionals can usually include spouses and children, which is important for families planning their future in Dubai. Children can continue their education without the uncertainty of short visa renewals, and families can make long-term decisions about schools, homes and careers. For property, this encourages purchases of family homes in established communities with schools and parks. It may also increase demand for larger apartments and townhouses among young families who previously rented. As details of each category become clearer, families should review their eligibility and consider how long-term residency changes the balance between renting and buying.

    Our view

    The new visas are one of the most important structural changes for Dubai's property market. We help clients understand eligibility and choose properties that meet the requirements.

    Long-term visasResidencyProperty investment