The UAE’s Golden Visa program offers a fantastic opportunity for investors, entrepreneurs, and skilled professionals who want long-term residency in the country. If you’re thinking about applying for the Golden Visa through property ownership in Dubai, one important step is getting your property officially valued.
This valuation confirms that your property meets the minimum value required for the visa application. But where can you get this property valuation, and what does the process involve? Let’s break it down in simple terms so you know exactly what to do.
What Is The UAE Golden Visa?
The UAE Golden Visa is a long-term residency visa that allows foreign nationals to live, work, and invest in the country. It’s particularly attractive for individuals with high-value investments in real estate, among other categories.
To qualify for a Golden Visa through property ownership, you need to own real estate in Dubai worth at least AED 2 million. But before you start the visa application, one of the key requirements is getting an official property valuation from the Dubai Land Department (DLD) or one of its approved service centers.
Why Is A Property Valuation Necessary?
A property valuation is required to confirm that the value of your property meets or exceeds the AED 2 million threshold for Golden Visa eligibility. The Dubai Land Department (DLD) is the official authority that provides this valuation, ensuring your property is properly assessed according to market standards.
Once you have the valuation certificate, you can proceed with the rest of the Golden Visa application process.
How To Get A Property Valuation For The Golden Visa?
When it comes to obtaining your property valuation, you have two main options: using the Dubai Land Department’s (DLD) online services or visiting one of their approved service centers. Let’s explore both options.
DLD eServices or Dubai REST App:
The DLD offers a digital platform to make your life easier. By using their eServices portal or the Dubai REST app, you can submit a property valuation request quickly and conveniently from your phone or computer. Here’s how you can do it:
- Create an Account: Register on the DLD eServices portal or download the Dubai REST app.
- Submit Your Request: Choose the “Golden Visa property valuation” option and enter your property details.
- Upload Documents: Provide a copy of your passport, title deed, property photos, and other required documents.
- Make the Payment: Pay the valuation fee (approximately AED 4,000).
- Receive the Certificate: After processing, you’ll get your property valuation certificate.
Visit DLD Approved Service Centers:
If you prefer face-to-face assistance, you can visit an accredited Real Estate Services Trustee Center, such as Golden Cube (the primary DLD-backed service center), or other approved centers like:
- Al Tarash Center
- Gulf Vision
- Al Yalayis
- AGS H.
These centers assist with all documentation and guide you through the entire process, making it an ideal choice for those who prefer face-to-face help.
What Documents Are Required For The Property Valuation?
When applying for the official property valuation, you’ll need to provide certain documents to verify your property’s legitimacy and meet DLD’s criteria. Here’s a checklist:
- A Copy of Your Passport or UAE ID
- Property Title Deed: This document proves that you legally own the property.
- Municipality or Planning Map: A map showing the exact location and layout of your property.
- Recent Photos of the Property: Clear images of both the interior and exterior of the property.
- No Objection Certificate (NOC): If the property is mortgaged, you’ll need an NOC from your bank confirming that your equity in the property is at least AED 2 million.
- Developer Documents: If the property is off-plan, you may need documents from the developer and proof of payments made.
What Is The Cost And Timeline For Getting A Property Valuation?
Cost of Property Valuation:
The official valuation fee is typically around AED 4,000 for residential properties, which includes both apartments and villas. If you choose to apply through a service center, there may be additional minor administrative fees.
Timeline for Receiving Your Property Valuation:
Once you submit your request and pay the fee, the valuation certificate is usually issued within a few business days. However, this timeline may vary depending on the complexity of the property and whether additional documents are required.
Why Should You Get A Property Valuation For The Golden Visa?
Getting a property valuation is a crucial step in applying for the Golden Visa in Dubai. It ensures that your property meets the minimum required value of AED 2 million, making you eligible for the visa. Without an official valuation, your application won’t be accepted, even if the property qualifies.
The valuation also verifies your property’s legal standing and ownership, ensuring everything is in order. By completing this step, you’ll avoid delays in your visa application process. Ultimately, a property valuation makes your investment journey smoother and gives you peace of mind.
FAQs:
How long does it take to receive the property valuation certificate?
The certificate is typically issued within a few business days after your application is processed. Timely submission of documents can speed up the process.
Do I need a property valuation if I’m not applying for a Golden Visa?
Property valuations are not only for Golden Visa applications; they are also useful for general property transactions, mortgage approvals, and investment decisions.
How do I know if my property meets the Golden Visa requirements?
The property valuation will determine whether your property meets the AED 2 million threshold. The official certificate from the DLD will confirm eligibility for the Golden Visa.
What if I don’t have the required documents for a property valuation?
If you’re missing any documents, such as the title deed or NOC, your valuation request may be delayed. It’s essential to gather all required paperwork before submitting the application.
Conclusion:
Getting a Golden Visa property valuation in Dubai is a crucial step in securing long-term residency through property investment. Whether you choose to use the DLD’s digital platforms or visit one of the approved service centers, the process is straightforward and can be completed efficiently.
With the right documentation and an understanding of the steps involved, obtaining your property valuation certificate will pave the way for your Golden Visa application and long-term residency in Dubai.
