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On buying property of AED 750000 in value

The Dubai Land Department (DLD) has announced that Dubai residence visas will now be issued to those who buy property worth AED 750000 or more. This is a great initiative as it bolsters the Dubai real estate market and allows citizens of other countries to live in this beautiful city.

On October 3 2022, new visa provisions took effect in the UAE. Long-term visas, which include the 5-year Green Residence Visa and the 10-year Golden Residence Visa now are more accessible to foreigners, as stated by the country’s Identity, Citizenship, Customs & Port Security.

On Monday, April 18, the UAE Cabinet – under the guidance of Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai – revealed a wide set of executive regulations, the main goal of which is to attract and retain investors and top talent in the country.

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