How Much Bank Balance Is Required For UAE Student Visa?

Planning to study in Dubai? Before taking the plunge, it is critical that you also understand the legal and financial requirements, including the minimum bank balance required for Dubai student visa. This is to cover your tuition fees, food and lodging expenses, and the cost of other necessities while you study in the UAE.

As per the UAE government, there is a certain bank balance required for Dubai student visa, which assures them that the student can sustain themselves in the country without any financial hardships. The exact bank balance needed for a Dubai student visa varies depending on the university, course, and the duration of the course chosen by you.

In this article, we will cover the financial requirements and other legal documentation essential for your Dubai student visa application.

Also Read: UAE Student Visa Requirements and Application Process

Minimum Bank Balance Required for Dubai Student Visa

The minimum bank balance required for Dubai student visa usually encompasses a year college tuition fees and living expenses. It is typically recommended that students have a minimum balance of around USD 15,000 (or INR 12,82,283) in their account to showcase sufficient financial resources for their.

In addition, some of USE’s universities may also ask for additional financial funds based on their specific admission requirements. For instance, the amount prescribed by institutions like the University of Dubai, includes the following costs:

• Tuition Fees
• Living and maintenance costs
• Emirates ID Fees
• Residence Visa Application Fees (AED 850 approx. or INR 18,627)
• Health Insurance Charges (AED 800 approx. or INR 19,790)

In addition to bank balance requirements, students may also be required to pay for visa application fees, which can range between AED 2300 (~INR 53550) to AED 3,000(~INR 70,000) along with a deposit fee of AED 1000 (~INR 23,284). Below is a simplified breakdown of the financial proof that Indian students need to showcase while studying in Dubai:

Also Read: Student Guide to Study in UAE

Financial Documents Needed To Prove the Minimum Bank Balance Required For a Dubai Student Visa

To apply for a Dubai student visa successfully, Indian students must be able to showcase valid documents to prove that they have the minimum bank balance required for a Dubai student visa. These documents, when provided to the visa committee, assure them of your financial capability. Moreover, such documents are also scrutinised by the universities and the UAE authorities to ensure that students do not have to face any financial difficulties.     

The key financial documents required are as follows:

1. Sponsor’s Income Proof: If a student is being supported by a sponsor, their salary slips, revenue proof, employment letter, financial statements or proof of business income is required to validate the financial capacity of the sponsor.
2. Affidavit of Financial Support: Certain UAE universities or visa offices may ask students for an affidavit signed by their sponsor(s), stating their commitment to covering the student’s educational expenses.
3. Bank Statements: Students applying for a UAE visa or their sponsors must also be able to provide their latest bank statements (typically from the last 3 to 6 months), showcasing that they have an adequate bank balance required to apply for a student visa. This helps confirm that there are sufficient funds available for students’ education and living costs.
4. Education Loan Sanction Letter: If a student has secured an education loan to finance their studies in Dubai, the student can show the bank’s loan sanction letter, proving the availability of funds.
5. Scholarship Letters: If a student has secured a scholarship from the university (or otherwise) covering their tuition and/or living expenses, a letter from their scholarship provider must be submitted as financial proof.
6. Sponsorship Letter: In cases where parents, a guardian, or a relative is funding the education of a student, a copy of the sponsorship letter along with their financial statements and ID proof must be provided while applying for a student visa.

Applicants must also keep in mind that the documents provided are up to date, attested properly and meet the requirements specified by the university and the visa authorities of the UAE. Having updated and well-prepared financial statements can, in fact, lead to a smooth and hassle-free visa approval, saving you a great deal of time and energy.

Also Read: Study in Dubai - Is it better than studying in the UK or the USA?

Why is a Minimum Bank Balance Required for a Dubai Student Visa?

The government of the UAE has mandated a minimum bank balance required for a Dubai student visa for Indian applicants, to ensure that they can afford their educational and living expenses during their stay. This ensures that students do not have to face financial hardships and can complete their education in Dubai without any hiccups.

This is also essential for the following reasons:

1. Preventing Financial Dependence of the UAE’s Economy

By requiring adequate proof of financial stability, the UAE government ensures that its international students do not become financially dependent on the country’s resources or seek employment opportunities illegally due to financial constraints.

2. Ensuring a Smooth Stay in Dubai

Studying abroad in a country like the UAE comes with several unexpected costs, such as medical emergencies or travel expenses. Hence, maintaining the minimum bank balance required for a Dubai student visa ensures that students have ample funds to handle unforeseen expenses without financial challenges.

3. Complying with university and UAE visa Regulations

All major universities in Dubai have specific financial requirements for admission, and UAE visa authorities mandate proof of financial stability as part of the student visa application for all international applicants. Failure to adhere to these requirements can also lead to visa rejections.

4. Gaining Credibility in the Visa Process

Having a strong financial profile increases the chances of visa approval. When students provide a clear proof of their financial capacity, it demonstrates their preparedness and willingness to join the program, making it easier for the UAE’s authorities to approve their visa without any concerns.

In summary, maintaining the minimum bank balance required for a Dubai student visa is imperative for Indian students studying in the UAE. This ensures that students can comfortably cover their tuition and living costs without facing any monetary challenges.