Villa in Palm Jumeirah for a residency permit
This community is one of the most iconic and prestigious in Dubai, offering unique opportunities to purchase low-rise properties and luxury apartments in the UAE. This man-made island, designed in the shape of a palm tree, attracts investors, affluent expats and collectors of exclusive homes.
The community is known as one of the most expensive places to buy or rent property in the UAE. There is consistently high demand and housing prices are on the rise. Several factors contribute to this, including its status as a landmark tourist destination, well-developed infrastructure and a multitude of leisure opportunities. The area boasts shopping centres, stores, restaurants, beaches and sports facilities.
Almost all plots in the area have been developed, with only a limited number of properties available for sale, further highlighting the premium status of this destination as a long-term investment opportunity. The villas on the island typically have two or three floors and range from two to seven bedrooms, all equipped with security systems and private beach access. Many projects also offer additional private services and amenities, such as pools, fitness centres, spas and relaxation areas.
Residence permit in UAE by buying a house in Palm Jumeirah
The wide selection of townhouses and diverse layouts on the island can satisfy the tastes of even the most discerning buyers. Villa prices vary depending on location, size and level of luxury. The minimum price for a house in Palm Jumeirah is USD 1.14 million, while the most expensive mansion costs USD 61.2 million. These prices reflect the high demand and exclusivity of the area.
Residence permits in the UAE through property investment grant the right to stay in the country without time restrictions. Buying a villa in this island community not only allows you to enjoy a luxurious seaside lifestyle but also opens the door to obtaining resident status in the Emirates. Given the high prices, investors can qualify for long-term visas by purchasing any property within the community.
To obtain residency status, the following conditions must be met:
- Purchase a home. As stipulated by the program, the minimum value of the property must be at least AED 750,000 (USD 205,000) for a two-year visa or AED 2 million (USD 545,000) for a five-year residency;
- Register ownership. The required amount must be paid and the property must be registered in the buyer's name. After this, you can apply to the government authorities.
- Submit an application. The investor must provide documents confirming the property purchase and medical clearance to prove the absence of serious illnesses.
On average, residency is granted within two to eight weeks. The obtained visa can be renewed as long as the property remains in the owner's possession. Residency also allows for the establishment of a business and access to tax benefits.
Investment house in Palm Jumeirah
The community is a popular investment destination, particularly in the luxury segment. The high demand for homes in this area ensures stable price growth and rental income, with investors able to anticipate a yield of 6% annually.
Additionally, the UAE government is actively developing infrastructure and improving business conditions, which contributes to economic growth and enhances the country’s appeal to investors. Investing in property on the island not only helps preserve and grow capital but also grants access to one of the world's most rapidly developing markets.
Advantages of the area:
- High profitability: The average return on villas is 6% annually, a strong figure for Dubai and other major investment cities worldwide;
- Property price growth: The community consistently ranks among the leaders in property price increases. In 2023, property prices in three premium residential areas of Dubai, including Palm Jumeirah, rose by nearly 16%;
- High demand for housing: Due to the limited number of available properties, demand in the community remains consistently high;
- Well-developed infrastructure: The area offers all the necessary amenities for comfortable living and leisure, as well as exclusive services that attract affluent vacationers.