Dubai removes Dh750,000 minimum property value for investor residency visas

Dubai's property-linked residency framework has been updated through the Taskeen service. Individual buyers who fully own a residential property can now qualify for a two-year investor residency visa regardless of the property's value, removing the previous Dh750,000 minimum threshold for sole owners. Joint ownership is treated differently, with each investor required to hold a minimum ownership share of Dh400,000 to qualify, while property owners can also obtain residency visas for sponsored family members under the scheme. The change has widened the entry point for people purchasing property partly to secure residency, with reports of increased enquiries for properties below AED750,000, particularly from overseas buyers seeking residency and residents looking for their first home. Dubai also introduced the First-Time Home Buyer Programme, which provides preferential access to selected properties, incentives from participating developers and banks, and financing options for residents aged 18 and above who have never previously owned a freehold home in Dubai.