The Dubai Land Department brings down minimum value limit for the investor’s visa requirement and also raises the validity term to 3 years. The move comes as Dubai’s property market shows more signs of recovery, starting with the luxury end.

Dubai: Embracing the change and opening up to the world amidst the ongoing pandemic is aiming to bring back the hype on the property market as well as welcoming more people to the country.

Below are the DLD’s released visa eligibility and requirements:

ELIGIBILITY
1. The minimum property value is 750,000.
2. In case the property is mortgage, 50 % of property value or at least 750,000 to be paid to the bank. NOC letter in Arabic along with mortgage bank statement will require to proceed with visa application.
3. husband and wife can Share in one property and the value of the property is one million AED or more. (Marriage certificate attested required).

REQUIREMENTS:
1. title deed
2. passport
3. One personal photo
4. Current visa
5. Good Conduct Certificate from Dubai Police addressing Land department
6. Health Insurance.

In case the property is mortgaged:
1. From Bank: NOC letter in Arabic along with mortgage statement will require to proceed with visa application.
2. from developer: Statement of payment + Hand over certificate / Completion certificate.
– National ID for (IRAN – PAKISTAN – IRAQ – LIBYA – AFGHANISTAN).
– marriage certificate attested from MOFA in Dubai and translated to Arabic/English.
– POA will require in case the application will submit on behalf of the investor.

The change from Dh1 million to Dh750,000 also addresses the softening of property values in the last five years, most noticeably at the lower end of the residential property market.