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Dubai eases residence visa rules, removes minimum property value threshold

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Khitam Al Amir·about 1 month ago
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Dubai has eased requirements for a two-year real estate investor residency visa, removing the minimum property value threshold for sole owners while introducing a Dh400,000 minimum per investor for jointly owned investments, in a move aimed at widening investor access. Under updated rules issued by the Dubai Land Department via its Cube platform, the previous Dh750,000 minimum for individual property ownership has been scrapped, provided the applicant is the sole owner of the asset. For jointly owned properties, authorities have set a minimum share value of Dh400,000 per investor, including cases where ownership is split equally between partners. The changes reflect Dubai’s broader push to increase regulatory flexibility, attract a wider pool of investors and enhance the emirate’s competitiveness in global real estate markets.…

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