Dubai eases its property visa rules, offering two-year residency visa to investors who purchase property in city.
Dubai eases its property visa rules, offering a two-year residency visa to investors who purchase property in the city.
Under the new policy, the condition of minimum property value for a single owner to qualify for a two-year residency visa has been removed, making it easier for investors to apply.
Authorities have also announced that residency visas will now be granted on jointly owned properties, provided that each investor’s share is at least 400,000 dirhams.
In addition, the two-year investor visa has been made more accessible. However, the requirement for a five-year retirement visa remains unchanged at 1 million dirhams, with a minimum age of 55 years.
For the 10-year Golden Visa, a minimum investment of 2 million dirhams is still required. The Golden Visa also allows holders to sponsor family members and domestic staff, and they can stay outside the UAE for extended periods without losing their residency.
Officials say these new changes will create more investment opportunities in Dubai’s property market.
