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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.
According to Cavendish Maxwell, after a calm May, the market posted a strong June rebound, with sales rising by 30% in just one month.
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