Property investment in Dubai offers attractive returns and a dynamic lifestyle in a global hub. To enhance the appeal, the Dubai Land Department (DLD) has introduced the Investor Residence Application, also known as Taskeen. This initiative allows foreign investors to secure a renewable two-year residency permit in Dubai.

What is Taskeen Dubai?

Taskeen provides investors the opportunity to obtain a renewable two-year residency permit in Dubai, provided they meet certain criteria. For instance, the property must be valued at AED 750,000 or more. This permit allows investors to sponsor their spouses and children, making Dubai’s real estate market even more appealing.

Application Process

Service Fees:

  • Investor Residence for 2 Years: AED 9,912.50
  • Family Residency Permit for 2 Years: AED 7,082.25 (wife or daughter over 18), AED 6,382.25 (children under 18), AED 6,701 (son over 18 for one year), AED 7,028.25 (husband)
  • Parents Residence for 1 Year: AED 8,882.25
  • Sponsorship File: AED 318.75

Documents Required:

  • Passport
  • Personal photo
  • UAE ID (if any)
  • E-certificate of title/title deed
  • Health insurance
  • Current residence or entry visa copy (if any)
  • Good conduct certificate by the Emirate of Dubai addressed to DLD

Service Terms:

  • Minimum property value: AED 750,000
  • Joint property ownership allowed with a certified marriage certificate
  • For mortgaged properties, 50% of the property value must be paid off, with a no-objection certificate from the bank

Family Residence Permit:

  • No-objection letter from the father (if mother is the sponsor)
  • Marital status proof for daughters over 18
  • Sponsor’s passport and ID
  • Health insurance
  • Birth certificates for children

Parents Residence Permit:

  • Sponsor’s passport and ID
  • Health insurance
  • Personal photo
  • Last 3 months’ bank statement
  • Dependency certificate certified by the consulate
  • Birth certificate

Service Procedure

  1. Visit the service center.
  2. Fulfill requirements and pay fees.
  3. Perform a medical examination.
  4. Receive the residency permit via email.

Payment Methods

  • Cash
  • Credit card
  • Bank transfer

Service Channels

  • Taskeen Residency at Cube-Al Manara Centre

Service Time

The service time for Taskeen is 7 to 10 business days.

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