Dubai’s resident visa requirements for property investors have been amended, with officials setting new criteria for issuing the two-year property-linked residency permit. The new regulations modify the requirements for investors’ eligibility, eliminating the minimum property value criterion for solitary owners and easing the conditions for jointly owned properties. No official statement has been made, but the updates were posted on the Cube Centre, an affiliate of the Dubai Land Department that provides services to real estate investors.
The updated law does away with the earlier minimum property value of Dh750,000 for private investors. But the applicant must be the only owner of the property. If the property is owned by more than one individual, each investor must have a share of at least Dh400,000 to be eligible for the resident visa application, even if ownership is equally divided.
In 2019, the UAE introduced a new visa system that makes it easier for foreigners to live, work, study and invest in the country without the need for a local sponsor. One option was Dubai’s two year investor visa for property. Issued by the General Directorate of Residency and Foreigners Affairs (GDRFA) and processed by the Dubai Land Department (DLD – Taskeen), this is a residency permit that is renewable for property owners with a minimum real estate investment of Dh750,000.
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