Since 2020, there is the possibility for real estate investors to obtain a five-year renewable permanent residence right in the Emirate of Dubai.
The value of the property must not fall below the amount of AED 5,000,000. In addition, the property must be fully owned (hereditary lease not permitted) and the purchase price must have been paid in full by equity capital; external financing is not permitted.
The permanent right of residence can also be extended to children and spouses of the beneficiary, but does not entitle the beneficiary to take up employment in Dubai.