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In the spring, the Dubai Land Department radically reformed the rules for issuing two-year residence visas, fully removing the minimum investment threshold of AED 750,000 ($204,000) for sole owners of a ready property object. This move triggered a sharp influx of buyers into the affordable housing segment.
The Hatzidakis reform creates a “one-stop shop” system for notaries, lets inheritance taxes be paid directly from property sale proceeds, eases transactions involving confiscated assets, and prevents the state from disputing citizens’ rights to historically allocated land plots.
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