Dubai Land Department has removed the AED 750,000 minimum property threshold for two-year investor residency visas, allowing any sole property owner to qualify. For joint ownership, each investor must now hold at least AED 400,000 to be eligible.
The policy shift targets smaller investors and aims to stimulate demand in affordable segments and emerging communities.
Market data shows residential sales down 20%, with apartment values in areas such as JVC, JBR and Burj Khalifa declining around 10%, according to REIDIN and ValuStrat. Despite this, off-plan transactions account for 76% of primary market volume, supported by developer-led payment plans.
The move builds on broader residency reforms, including the 10-year Golden Visa linked to AED2 million property investment.
Gulf Economist Staff Writer