The official DLD page︁ on this is: Dubai Land Department - Request for a residency visa for real estate︂ owners - as you'll see in it, and as mentioned, the ante has been raised︃ to AED5MM. The links you posted are from RE developers which are not accurate, and︄ are indeed misleading...as even though the AED1MM in theory opens the door for you to︅ get residency, it only puts you as a ticket in a sort of lottery pot︆ where your number can be drawn out or not...basically that's 'eligible' for you...and is not︇ working anymore...in the UAE, it is better to always get to the source of any︈ law/rule, etc, as the only reliable place to gather info. As @Fred mentioned in another︉ post, they are changing rules on the go, so the only way to keep up︊ with things is to check official sources time and again; vendors of any sort aren't︋ recommended.
If you're planning on staying/living in the UAE, then I for one don't see︌ any issues on requesting residency based on property purchase...after all, you'll need a place to︍ live, right? However, and depending on your personal budget/preference (how much you care for the︎ value-for-money ratio), I would consider drawing some numbers on having a freezone Co and renting️ an apartment in a not-so-hot spot (JLT, JVC or even the new areas around Jabal Ali or Creek/Deira), which offer far better value than the outright purchase of brand new (you want to buy as close to new as possible, construction materials and processes aren't that reliable there despite all the glitter you may see from the outside, believe me) hyped-up units, which will fast deteriorate in value over time, let alone the service and renovation costs, which all add up to the total bill. I'm just talking from my own experience and view of the RE market there, anyone's entitled to their own opinion...but︀ do some good research first.
Hope this helps.
NVO
If you're planning on staying/living in the UAE, then I for one don't see︌ any issues on requesting residency based on property purchase...after all, you'll need a place to︍ live, right? However, and depending on your personal budget/preference (how much you care for the︎ value-for-money ratio), I would consider drawing some numbers on having a freezone Co and renting️ an apartment in a not-so-hot spot (JLT, JVC or even the new areas around Jabal Ali or Creek/Deira), which offer far better value than the outright purchase of brand new (you want to buy as close to new as possible, construction materials and processes aren't that reliable there despite all the glitter you may see from the outside, believe me) hyped-up units, which will fast deteriorate in value over time, let alone the service and renovation costs, which all add up to the total bill. I'm just talking from my own experience and view of the RE market there, anyone's entitled to their own opinion...but︀ do some good research first.
Hope this helps.
NVO
