UAE cuts price of property investor visa by 45%

August 25, 2014
UAE decreases price of property investor visa by 45%

UAE has reduced the cost of receiving a property visa by 45 percent, an initiative that could see additional number of foreign property owners devoting time in the country.

A visa with validity of six months, which was previously Dh2, 000 before 01 August 2014, would cost Dh1, 100 at present. However, the prior requirements remain the same .Some of these include, an income requirement of Dh10,000 per month, assets that have to be kept ready and valuation of the property of more than Dh1 million.

The property visa has gained prominence in the nations of Russia, Iran and Pakistan. More than Dh37 billion was driven into property market of Dubai by over 140 citizens holding an aggregate transaction resulting above Dh113 billion during the initial six months of 2014.
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