Dubai Land Department (DLD) has updated the qualifying requirements for the two-year property owner residence visa, removing the AED 750,000 minimum property value requirement which previously applied to all applicants.
- Single property owners can now apply for the two-year investor residence visa with no minimum property value requirement.
- Multiple property owners must each own a minimum share of AED 400,000 to be eligible.
The residence visa is typically issued within 10 to 15 working days, depending on document completion and approval from the relevant authorities.
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