Dubai authorities have abolished the minimum investment amount required to obtain residency through real estate, according to updated regulations from the Dubai Land Department (DLD).
The residency platform now states that individuals who are sole owners of a property can apply for a residency permit with a property of any minimum value.
Previously, the city had a threshold of 750,000 dirhams (approximately $204,000) for real estate investment to qualify for a residence visa.
For those who co-owned property, a share valued at no less than 400,000 UAE dirhams (approximately $109,000) was required, as reported by RIA Novosti.