Real estate investing is a recognized long-term investment in Dubai, and since 2002, the most populous city in the UAE has become a hub for real estate investors. Before committing to searching for ways to invest in Dubai, the investor searches for how to invest in Dubai, a safe real estate investment in Dubai.
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ToggleThe best places to invest in Dubai in general
One of the primary factors when choosing an investment property is its location. This may determine the amenities close to the property and is therefore an important aspect that investors should consider before deciding to invest in Dubai. Investing in a property in Dubai near landmarks, such as Dubai Marina or Business Bay, is a popular choice among new investors. Some of the best locations to invest in Dubai are offices, malls or tourist sites nearby.
Investing in Dubai Marina
Dubai Marina is a thriving business center with grounds decorated with eye-catching towers. According to Property Finder, it has consistently ranked number one since 2011, as one of the most searched areas for properties. Many people on business trips or short trips prefer to stay in Dubai Marina.
Besides the water views, Dubai Marina is a leading choice when it comes to investing in Dubai as it is located close to the commercial offices of Dubai Media City and Dubai Internet City. This attracts many business people who prefer to be close to their workplace and in a prestigious neighborhood that offers many community amenities and the famous Dubai Marina Walk.
Investing in Business Bay and Downtown Dubai
Home to the world\\\’s tallest tower and largest shopping mall, Downtown Dubai\\\’s landmarks are world-famous, attracting millions of tourists and visitors year after year. Business Bay, as its name suggests, is the business hub of Dubai. These areas are located in central Dubai, and are two of the main tourist destinations in the United Arab Emirates. Both locations have great potential if you are interested in investing in Business Bay, Dubai or Downtown Dubai.
Investing in Barsha Heights (Tecom)
Formerly known as Tecom, Barsha Heights hosts multinational corporations and 500 companies, which include BBC World, Microsoft, HP, CNN, Reuters, CNBC and others. The area includes an abundance of hotels and residential buildings suitable for anyone seeking to invest in Dubai. It is the best choice for visitors, because it is located in the heart of “New Dubai” and is considered a business center.
Investing in Dubai Sports City
Dubai Sports City was launched in 2003 as Dubai\\\’s sports hub, hosting academies for golf, cricket, hockey, football, swimming and rugby to name a few. Close to Dubai\\\’s main roads, and just 15 minutes from the much-anticipated Expo 2020 pavilion, this is a preferred choice for investors as millions of visitors are expected to arrive in Dubai for Expo 2020.
Investing in Jumeirah Village Circle
Jumeirah Village Circle is one of the fastest growing locations in Dubai, and is also located a short drive from the Expo 2020 Pavilion and Dubai\\\’s major business attractions. In the first three quarters of 2015, it ranked second in terms of commute rates in Dubai, and is only 20 minutes from Al Maktoum International Airport.
According to the Bureau International des Expositions, Expo 2021 will attract millions of visitors to the country. JVC\\\’s central location is expected to increase demand for hotel rooms during and after Expo 2021, boosting investment in Dubai.
What types of investment are available in Dubai?
Dubai offers a variety of investment opportunities in various sectors. Here are some types of investment available in Dubai:
- Real Estate: The real estate sector is considered one of the most important investment sectors in Dubai. Investors can buy and rent commercial and residential properties.
- Financial sector: Dubai offers a wide range of opportunities in the financial sector, including investing in stocks, bonds and mutual funds.
- Tourism and Hospitality: Investors can benefit from the growth of the tourism and hospitality sector in Dubai by opening hotels, restaurants, and entertainment projects.
- Technology and Innovation: Dubai is a hub of innovation and technology, and investors can invest in startups and cutting-edge technology.
- Renewable energy: The renewable energy sector is growing in Dubai, and investors can participate in renewable energy projects.
- Education and training: Investors can invest in the field of education and training by opening private schools or training centers.
- Creative Industries: Investors can benefit from the creative industries sector, such as media, arts and design.
- Trade and Distribution: Thanks to its strategic location, investors can invest in trade and distribution projects.
- Service industries: Professional services such as legal, financial, and engineering consulting include investment opportunities.
- Smart Agriculture: With the development in farming technologies, investors can explore investment opportunities in smart agriculture and sustainability.
Real estate investment in Dubai
Choosing a reputable developer is just as important as investing in a good website. Investing in Dubai with a company that is well known in the region and offers the best investment opportunities is crucial. After choosing the right real estate asset class, optimal location, and the right developer or hotel management company, an investor can be sure that you are making a safe investment in Dubai.
Documents required for investment in Dubai
The documents required to invest in Dubai vary depending on the type of investment and the sector to which it relates. Here is a general list of documents that may be required:
- Identity documents: A copy of the passport for all relevant investors and partners.
- Personal photos: Recent personal photos of all investors and partners.
- Commercial Registry Certificate: In the event of establishing a company, a copy of the Commercial Registry Certificate is required.
- Investment contracts: If the investment relates to real estate or shares in companies, the relevant investment contracts are necessary.
- Business Plan: A detailed document describing the proposed business activity, including the business plan and financial projections.
- Permits and Licenses: Any special permits or licenses considered relevant to the investment activity.
- Financial Reporting: Providing up-to-date financial reports to investors or partners who may request access to specific financial information.
- Visas and Residency: In the case of personal investment, visas and residency may be required for the investor and family.
- Tax conventions: In the case of international investment, conventions can be needed to avoid double taxation.
- Personal documents: This may include personal documents such as certificates of qualifications and experience for investors and managers.
Ways to obtain a visit visa for a family member in Dubai
Sometimes we may have to leave our country and our families in order to pursue our dreams and travel to another country that provides better opportunities that suit our ambitions, such as the opportunities offered by the Emirate of Dubai in particular and the United Arab Emirates in general, as many people want to search for work in Dubai.
However, we miss our loved ones who are miles away from us, and sometimes we cannot travel and leave our work to see them. Therefore, the Emirate of Dubai offers the possibility of requesting a family visit visa that allows the concerned family members to visit you in Dubai and enjoy spending a quality time at the tourist attractions in Dubai. Therefore, we will review how to obtain a visit visa for a family member in Dubai, step by step, to help you bring and see your loved one at any time you want.
Steps for issuing a family visit visa
The Ministry of Foreign Affairs issues family visas to residents who wish to bring a member of their family or a friend to visit the Emirate of Dubai. In order to issue a family visa for visit or tourism, it must be requested from one of the licensed travel agencies, airlines, or even approved hotels, and you must inquire about the validity of a visit visa. Family and its type before applying for it, as the types and cost of obtaining a visit visa for a family member in Dubai vary.
Types of family visit visas
We can classify visas designated for family visits according to the validity period of the family visit visa in the Emirates. The short-term visa is available and gives its holder validity for only 30 days, while the duration of the long-term family visit visa is 90 days.
We advise you, dear reader, to check the validity of your family visit visa periodically to avoid any problem or legal accountability. A transit visa and multiple entry visa are also available. Visitors and tourists in the UAE can request an extension of the family visit visa and all types of entry permits (long or short) for a period of 30 days, and only twice, without the need to leave the country.
The fees for extending entry permits and tourist visas are 600 dirhams for each extension, and the renewal application must be submitted before the expiry of the previous visa’s validity period. Violators who exceed the visa period without renewing it according to the rules and at the specified times will be subject to a fine of 100 dirhams for each day of delay, imposed 10 days after the expiration of the entry permit or visa, and the extension date is calculated from the expiration date of the previous entry permit.
Documents required to obtain a family visit visa
Those wishing to visit the UAE must prepare some papers and documents that do not differ depending on the duration of the visa, which are:
- A clear copy of the sponsored person’s passport, valid for a period of no less than 6 months
- A personal photo of the sponsored person
- A valid employment contract for the sponsor
- A certified and valid rental contract
- A copy of the sponsor’s passport with a valid residence permit
- Proof of kinship
Fees for obtaining a visit visa for a family member in Dubai
Visit visa for a family member in Dubai may vary depending on nationality and purpose of visit. Policies and fees are subject to change, so it is always best to check current information from the official source.
Generally, here is a process that may be involved in applying for a visit visa for a family member in Dubai:
- Applying for a visa: Submit your visa application through approved channels. This can be done online or through approved travel agencies.
- Submitting documents: You may need to submit documents including passport, personal photographs, flight reservations, bank account statement, and invitation letter (if there is one).
- Payment: Pay the approved visa fees. Fees can vary depending on the type of visa and duration of visit.
- Waiting for approval: After submitting the application, you may need to wait to obtain approval from the relevant authorities.
- Receiving the visa: After approval, you can receive the visa in your passport.