Dubai has eased its residency visa rules for property investors, removing the long-standing minimum investment threshold for single-property buyers to broaden access to the emirate's real estate market. Under the revised framework introduced by the Dubai Land Department, individuals who fully own a property can now qualify for a renewable two-year residency visa regardless of the property's value. Previously, buyers were required to invest at least AED 750,000 to be eligible. For jointly owned properties, each co-owner must still meet a minimum investment threshold. The change is expected to attract mid-market and first-time investors.
Key Points
- Nigerian property investors can now secure Dubai residency with any property purchase.
- The removal of the minimum threshold opens Dubai's market to mid-range buyers.
- Joint owners still face a minimum investment requirement to prevent visa-pooling.
- The policy aims to sustain growth in Dubai's real estate sector amid global uncertainty.
- Higher-tier long-term visas for larger investments remain unchanged.
Watch whether the policy change triggers increased property purchases by Nigerians and other mid-market investors in Dubai.
Sources: The Punch
