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Dubai announces a reduction in the value of the property necessary for those who want to obtain residency
Sheikh mohamed bin rashed

The Dubai Land Department has reduced the value of the property necessary for those who want to obtain a residence visa from investors, valid for a period of three years, renewable, to 750,000 dirhams or more, after it was one million dirhams previously, with the possibility of sponsoring the husband or wife and children.

This came in an update on the department's website regarding the real estate residency requirements, which the investor obtains after purchasing a property in the emirate.

The update, which "Emirates Today" obtained a copy of, and published on the website of the "Dubai Land Department", indicated that the "Tasken" program service allows the real estate investor who owns a property whose purchasing value is equal to or greater than 750,000 dirhams at the time of purchase, to submit an application. Obtaining a residence visa for three years.

According to the update, the required files, including the passport, are submitted, with an electronic copy of the ownership certificate available through the "Dubai Rest" application, and the ownership data is filled out.