The Night Show with Jacob Cummings
Azizam
Ed Sheeran
Listen to Virgin Radio
Listen Live

Experts weigh-in on long term UAE visas for investors

Sunday, 14 July 2019 11:26

KARIM SAHIB / AFP

You would need to invest AED 5 million in the UAE's property market to be eligible for a long-term residency visa in the emirates.

Over the weekend five-year visas were given to 20 investors in Dubai whose individual investments in the local real estate market surpassed that the magic number.

The Dubai Land Department (DLD) in coordination with the General Directorate of Residency and Foreigners Affairs (GDRFA) handed out the visas to individuals belonging to a dozen different nationalities.

Their value of direct real estate investments collectively exceeded AED 200 million.

Murray Strang, Head of Savills in Dubai, says it's too early to tell if offering long-term visas to those who spend on the UAE's property market will encourage more people to invest.

Share

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

On Virgin Radio today

Trending on Virgin Radio

Our Shows

Text us on WhatsApp

More from VRD

Virgin, Virgin Radio and the Virgin Signature and Virgin Radio logos are trademarks of Virgin Enterprises Limited and are used under license.
For more information on Virgin Radio International visit www.virginradio.com

© 2025 ARN and Aiir. All Rights Reserved.