The resolution is expected to come into force within the next year.
According to Arabian Business, the permanent residence visa will be issued for six months, with the possibility of extension. According to Al-Minhali, citizens of all countries will be eligible to apply for the visa, and its issuance will not depend on the cost or size of the property purchased in the UAE.
As Prian.ru notes, previously issued permanent residence visas will also remain valid.