The Dubai Land Department (DLD) has handed out five-year UAE residency visas to 20 investors.
The individuals belong to a dozen different nationalities, with their value of direct real estate investments collectively exceeding AED 200 million.
The 20 investors were given their long term visas in coordination with the General Directorate of Residency and Foreigners Affairs (GDRFA).
Officials say their individual investments in the local real estate market surpass AED 5 million each.
Amazon cuts 16,000 corporate jobs, undoing pandemic-era hiring amid AI push
Amazon confirmed 16,000 corporate job cuts on Wednesday, completing a plan for around 30,000 since October while leaving open the possibility of further reductions.
H.H. Sheikh Mohammed unveils AED 100 billion DIFC expansion plan
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the DIFC Zabeel District — a landmark expansion of the Dubai International Financial Centre.
Dubai Media City marks 25 years of media innovation, leadership
Dubai Media City, the Middle East’s leading hub dedicated to the media and content creation sector, is marking its 25th anniversary of innovation and growth in the creative industries.
India, EU slash tariffs on autos, textiles in landmark trade deal
India and the European Union have finalised a long-pending landmark trade deal, both sides said on Tuesday, as they seek to hedge against strained ties with the US.
H.H. Sheikh Mohammed emphasises UAE's role as global hub for trade
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has visited the 31st edition of Gulfood, the world’s leading food and beverage sourcing event, marking the largest edition in its history.
