The United Arab Emirates has introduced a significant update to immigration practice regarding the issuance of residence visas based on property ownership.
Previous framework:
2-year residence visa – minimum property value of AED 750,000
10-year “Golden” residence visa – minimum property value of AED 2,000,000
According to the latest changes:
– The minimum property value requirement for obtaining a 2-year residence visa has been removed
– The mere fact of property ownership in the UAE now serves as the basis for visa issuance
– In the case of joint ownership, the minimum share requirement for the applicant remains at AED 400,000
– The threshold for obtaining a 10-year Golden Visa remains unchanged at AED 2,000,000
This change significantly transforms the approach to obtaining residency through real estate investment, lowering the entry barrier and expanding the pool of potential applicants.
In effect, the current framework makes it possible to obtain a residence visa for owners of properties that previously did not meet the established value criteria.
If you have any questions or require a consultation, please contact us.
Ilia Maslov
Head of CSP
