Foreign investors can purchase a property in the UAE and become eligible for a three, five, or 10 year residence visa, which comes with many benefits, such as the opportunity to live near world-class resort amenities and entertainment venues and work or open a business without paying income tax, among other advantages. In September 2021, several important changes were made to the visa application process. Since then, a long-term residence visa can be obtained when purchasing ready-to-move-in properties with a minimum cost of AED 750K (USD 204K). Before that, the minimum investment amount for obtaining a residence visa was AED 1M (USD 272K), which was the same throughout the country. This article explores the best residential projects located in various parts of Dubai that offer eligibility to become an Emirati resident when purchased. All of these complexes have already been completed and are ready to welcome new owners. Note! Foreigners have the right to purchase property in Dubai and retain full ownership only if it is located in freehold zones.

The Best Property in Dubai to Get a Residence Visa

When buying real estate for a minimum cost of AED 750K (USD 204K), foreigners can apply for a three-year visa, which includes family members. Visas can be renewed as long as property ownership is retained. Note! According to the latest amendments to Dubai legislation, foreign investors can get a 10-year Golden Visa after purchasing a property for a minimum cost of AED 2M (USD 545K). Prior to this change, Golden Visas were given after buying real estate with a minimum cost of AED 10M (USD 2.72M). Moreover, Dubai offers a five-year retirement visa for foreigners over the age of 55. If you’d like to know more about the various types of visas in Dubai, please read this article. It’s worth noting that a visa is not automatically granted after spending the required amount on real estate. The registration process can be time-consuming and not always easy. You may be required to repeatedly contact the various government institutions in Dubai, as well as prepare an extensive package of documents, including proof of property ownership, a medical certificate, a criminal record certificate from the local police, and much more. Therefore, to avoid possible problems and additional costs, we recommend that you work with a professional in this field, which can save you valuable time with purchasing a suitable property and obtaining a visa. Metropolitan Premium Properties professionals can help you choose a property, so you can enjoy one of the best cities in the world. Units can also be purchased to subsequently rent out, which can generate profit. We invite you to check out the residential complexes listed below. An agent can also provide additional recommendations regarding developments and communities, depending on your personal preferences.

Upper Crest

Developed by DAMAC Properties, Upper Crest is a 44-storey residential skyscraper located in the iconic district of Downtown Dubai. The project, which was completed in 2017, offers serviced residences with high-quality finishes, furniture, fully-equipped kitchens, and balconies. Properties include studios and one- to three-bedroom apartments that have a minimum size of 496 sq. ft. The complex provides a variety of amenities, including swimming pools, a gym, a sauna, a Jacuzzi, a lounge, a children’s play area, dedicated parking spaces, valet services, and concierge services. The skyscraper is surrounded by restaurants, public transportation stops, retail stores, and world-famous attractions. The Dubai Mall, Souk Al Bahar, and Burj Khalifa can be reached within 10 minutes of the residences. Studios have a starting price of AED 750K (USD 204K), and one-bedroom apartments have a starting price of AED 1M (USD 275K).

Sobha Creek Vistas

Sobha Creek Vistas is a residential complex located in Sobha Hartland (MBR City). The project was developed by Sobha Realty and completed at the beginning of 2022. The 28-storey building offers 780 units including one- to two-bedroom apartments that feature balconies that offer views of Dubai Canal, Dubai Creek, Ras Al Khor Wildlife Sanctuary, and the Downtown Dubai skyline. Properties range in size from 495 sq. ft. to 904 sq. ft. and have designer interiors, fully equipped kitchens, and built-in wardrobes. Residents can enjoy several amenities including a gym, a swimming pool, a children’s playground, 24-hour security services, concierge services, parking, and much more. The price for purchasing a one-bedroom apartment, with an area of 495 sq. ft., starts at AED 750K (USD 204K).

Olympic Park 1

Olympic Park 1 is a 15-storey residential complex located in Dubai Sports City. It is the first of six projects being built in the community of Olympic Park. The complex includes 124 units, including one- to two-bedroom apartments. Residents will have access to covered parking, separate gyms for men and women, a tennis court, a rooftop pool, a sauna, steam rooms, and a large children’s playground. A two-bedroom residence, with an area of 1,454 sq. ft., can be purchased for AED 750K (USD 204K). Olympic Park 1 is located within a 10-minute walk of Al Hebiah Fourth and Dubai International Cricket Stadium. Residents have easy access to Sheikh Mohammed Bin Zayed Road, the emirate’s main highway, which offers direct links to other parts of the city within minutes. Note! If you are planning to buy or rent a car in Dubai, it is recommended that you learn more about the rules of the road and the requirements for foreign drivers.

Reva Residences

Reva Residences is a new residential complex located in Business Bay, the business centre of the emirate. The project was developed by DAMAC Properties and completed in the summer of 2022. Properties include one- to two-bedroom apartments that range in size from 473 sq. ft. to 904 sq. ft. Units offer stunning views of the Dubai Canal. The complex provides a wide selection of amenities, including a temperature-controlled swimming pool, a gym with separate changing rooms for men and women, concierge services, and more. A one-bedroom apartment, with an area of 473 sq. ft., can be purchased for AED 750K (USD 204K). The project is strategically located near bus stops, restaurants, five-star hotels, supermarkets, retail outlets, and world-class attractions, including the Dubai Mall, which can be reached within walking distance of the residences.

Bloom Towers

Bloom Towers is a three-building residential complex located in Jumeirah Village Circle. The project was developed by Bloom Holding and handed over in 2020. There are a total of 944 luxury residences, including studios and one- to three-bedroom apartments that range in size from 355 sq. ft. to 1,603 sq. ft. The complex offers first-class amenities, including gyms, swimming pools, a private outdoor dining area, a sauna, steam rooms, a jogging track, and a lounge area. Professionals and freelancers will appreciate a coworking space, as well as an amphitheatre for events. Dubai Media City and Dubai Internet City can be reached within a 10-minute drive of the residences. Property prices start at AED 370K (USD 100K), and a one-bedroom apartment, with an area of ​​667 sq. ft., can be purchased for AED 770K (USD 210K).

Marina View Tower A

Marina View Tower A is a 25-storey residential complex located in ​​Dubai Marina, a popular beachfront area. The skyscraper is part of the Marina View Tower community. Properties include studios, one- to three-bedroom apartments, and four-bedroom penthouses. Residents have access to a gym, temperature-controlled swimming pool, Jacuzzi, multi-purpose lounge, and children’s playground, as well as parking and 24-hour concierge services. The starting price for a studio is AED 780K (USD 212K).

New Dubai Gate 1

New Dubai Gate 1 is a 42-storey residential complex located in Jumeirah Lake Towers, also known as JLT, which is one of Dubai’s family-oriented communities. The project was developed by Bonyan International Investment Group and completed in 2010. There are a total of 588 units, including studios and one- to three-bedroom apartments with a minimum size of 399 sq. ft. Properties have spacious balconies that offer breathtaking lake views. Units also feature walk-in closets and spacious built-in wardrobes. Residents can enjoy many upscale amenities, including a temperature-controlled swimming pool, terraces, a steam room, a sauna, a gym, underground parking, pet-friendly accommodations, and a landscaped garden. New Dubai Gate 1 is situated near several bus stops and Metro stations, such as Sobha Realty Metro Station and DMCC Metro Station, which can be reached within a 10-minute walk of the residences. A one-bedroom apartment, with an area of 624 sq. ft., can be purchased for AED 790K (USD 215K). Note! When planning a move to Dubai with pets, please keep in mind that not all residential communities are pet-friendly. To learn more, check out the TOP 10 pet-friendly communities.

How Can We Help You?

Metropolitan Premium Properties agents can help you with choosing a property that best suits your unique needs and goals. An agent can lead you through all stages of the transaction, including solving legal issues, collecting the necessary documents, interacting with the Dubai authorities and the seller, signing the contract, and transferring ownership. It is also possible to conduct a transaction online, so you will not need to travel to Dubai. If you are considering purchasing property in Dubai for investment purposes and would like to earn a stable income by renting a property out, you might be interested in property management services. A specialist can prepare the unit for commissioning, find tenants, solve any issues, finalise an agreement, monitor the timely rent proceeds, and much more.