Dubai Scraps Dh1 Million Down Payment Rule for Property Investor Visas

Dubai authorities have updated the eligibility criteria for the two-year property investor residency visa, removing the previous minimum down payment requirement of Dh1 million. Owners can now apply for the renewable residency permit regardless of the upfront payment amount made to the developer, provided the property value meets the established threshold. Revised Financial Thresholds Previously, investors were required to provide proof of a Dh1 million down payment to qualify for the residency program. The new regulation pivots focus to the total equity held in the asset rather than the initial transaction value. This change applies specifically to the two-year visa category, which is distinct from the 10-year Golden Visa that requires a property investment of at least Dh2 million. Impact on Off-Plan Market The update is expected to increase activity in Dubai’s off-plan real estate sector. By removing the Dh1 million liquid cash entry barrier, the Dubai Land Department (DLD) and federal authorities are making residency accessible to a broader range of buyers who utilize payment plans or mortgages. To qualify, the property must be completed or have reached a specific stage of…