Khaberni - Updated requirements issued by the Land Department in Dubai (DLD), which Novosti agency received a copy of, indicate that the emirate has abolished the minimum real estate investment requirement for obtaining residency.
A statement published on the DLD Cube digital platform clarifies the requirements necessary for obtaining residency through property investment in Dubai: "If you are the sole owner of a property in Dubai, you can apply for a two-year residency permit without a minimum property value requirement".
Previously, the minimum purchase price for property to obtain a residency permit in Dubai was set at 750,000 UAE Dirhams (approximately $204,000).
If the property has more than one owner, the minimum share must be 400,000 UAE Dirhams (approximately $109,000 US).
