United Arab Emirates: Dubai Relaxes Eligibility Criteria for Two-Year Property Investor Residence Visa

Dubai authorities have relaxed eligibility criteria for the two-year Investor Residence Visa as follows:

• Sole owners. The minimum property value requirement (set at AED 750,000) has been removed. Applicants are now eligible regardless of the property value.
• Joint-owned properties. Each co-owner must now only hold a share of at least AED 400,000 to be eligible. Previously there was no explicit caveat, with each owner required to meet the AED 750,000 threshold. 

Eligible applicants now benefit from expanded access to the visa, with reduced entry thresholds and greater flexibility for joint ownership and financed properties.  

This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen.