Vision Iconic at Mercedes-Benz Places Golden Visa

All five. The 1 Bedroom Apartments start at AED 2.60M ≈ USD 708K, the 2 Bedroom Royal Suites at AED 3.85M ≈ USD 1.05M, the 3 Bedroom Royal Suites at AED 6.25M ≈ USD 1.70M, the 4 Bedroom Apartments at AED 12.51M ≈ USD 3.41M, and the 5 Bedroom Apartments at AED 18.97M ≈ USD 5.16M, so each clears the AED 2M ≈ USD 545K property investment threshold on its own, subject to the regulations in force at the time of application. The full criteria are set out in the Dubai Golden Visa requirements guide.

The 1 Bedroom Apartment, starting at AED 2.60M ≈ USD 708K for about 694 sq ft (64 sq m). That leaves roughly AED 600K ≈ USD 163K above the AED 2M ≈ USD 545K threshold. Eligibility is assessed on the registered purchase value of the specific unit, so the price on its Sales and Purchase Agreement and Oqood is the figure that counts. Layouts and current release prices are on the Vision Iconic at Mercedes-Benz Places project guide.

Off-plan purchases are commonly accepted on the strength of the Oqood registration, provided the purchase meets the qualifying value and any paid-value conditions applied at the time of application; these conditions are updated from time to time. Buyers who prefer the simplest file can wait for the title deed, expected at handover in Q4 2028. The off-plan route is explained in the off-plan property Golden Visa guide.

Vision Iconic is sold with 20% due on booking, plus the 4% DLD registration fee paid to the Dubai Land Department, 50% during construction, and 30% on completion at handover, expected in Q4 2028, so 70% of the price is paid before handover. An application during construction is commonly possible once the paid-value condition in force at the time of application is met, and these conditions are updated from time to time. The plan states shares rather than dates, so when your payments meet that condition follows the instalment schedule in the Sales and Purchase Agreement with Binghatti, not the construction stage. Instalments go into the project's DLD-registered escrow account, explained on the Vision Iconic escrow account page.

Mortgaged property is commonly accepted where the lending bank issues a no-objection letter and the value and paid-amount conditions in force at the time of application are met. How a mortgage interacts with an off-plan purchase depends on the lender and on the Sales and Purchase Agreement, so the position should be confirmed for the specific Vision Iconic unit before relying on it for residency.

As commonly applied, where a property is held jointly, each owner's own share must reach the AED 2M ≈ USD 545K threshold, and arrangements between spouses can be assessed differently. On an equal two-way split at Vision Iconic, a 1 Bedroom Apartment at AED 2.60M ≈ USD 708K gives each owner AED 1.30M ≈ USD 354K and a 2 Bedroom Royal Suite at AED 3.85M ≈ USD 1.05M gives each roughly AED 1.93M ≈ USD 524K, both below the line, while from the 3 Bedroom Royal Suites upward each half starts at roughly AED 3.13M ≈ USD 851K. The rules in force at the time of application decide the outcome.

The property Golden Visa commonly allows the holder to sponsor a spouse and children, with conditions on children's ages and supporting documents set by the residency authorities and updated from time to time. Dependants' visas are generally linked to the main holder's visa, so they follow its validity and renewal. A Vision Iconic owner applies under the same family rules as any other qualifying Dubai property owner.

The program's current term is 10 years, renewable. Renewal commonly depends on still owning qualifying property at the required value when the visa comes up for renewal, so selling the Vision Iconic unit, or transferring part of it, can affect eligibility. The requirements that apply are those in force at the time of renewal.

The usual sequence is registration of the purchase with the Dubai Land Department (Oqood during construction, the title deed after the Q4 2028 handover), confirmation that the property meets the investment criteria, submission of the residency application, then a medical test and Emirates ID biometrics before the visa is issued. Processing times vary with the authority and the completeness of the file, and each stage follows the procedures in force at the time of application.

No. For buyers who purchase through this advisory, the VIP application service, covering document preparation, submission, and status follow-up, is free; government fees apply, as published by the issuing authorities at the time of application.

No. Buying a qualifying unit makes you eligible to apply, but approval depends on meeting every requirement in force at the time of application, including ownership verification and standard security checks, and the visa grants residency, not citizenship. The tower's progress toward handover is tracked on the Vision Iconic construction updates page.