What do the amendments to the UAE's citizenship laws really mean?

The changes made to the UAE Federal Law No. 17 of 1972 (the ‘Citizenship Law’) constitute a positive development and further reinforce the UAE’s status as a regional and international investment hub.
The
amendments have already prompted the interest of numerous individuals and will
allow investors and certain professionals to envision and plan a long-lasting
and stable establishment in the UAE.
The UAE
government had already considerably facilitated the obtainment of the UAE
citizenship in August 2020 with initial amendments to the Citizenship Law. The
latest changes include a major development: individuals will now be able to
obtain the UAE citizenship without having to relinquish their original
nationality.
We currently
await clarifications on the specific criteria permitting access to the UAE
nationality. The definition of an ‘investor’ will need to be elaborated to
accurately assess the accessibility of the citizenship on a case per case basis.
For example,
it is essential to identify whether a minimum value will be required for an
individual to be considered an investor. The procedural modalities of the grant
of the citizenship also constitute a point of interest in order to evaluate the
ease of access to the UAE nationality.In a nutshell, the announcement provides
the following:
The UAE
citizenship will now be available to investors, doctors, scientists, skilled
and talented individuals (including artists and intellectuals such as authors
and engineers) and their families;
The
individuals granted the UAE citizenship will be able to keep their existing
citizenship and will therefore not be required to relinquish it;
The
naturalized individuals will be afforded rights that will be detailed at a
later stage by governmental and federal bodies. These rights include (but are
not limited to) acquiring real estate and establishing companies in the UAE;
and
The UAE
citizenship will be granted via a nomination by each Emirates’ Ruler’s Court
through a mechanism that is yet to be clarified.
While we
await the details in relation to the specificities of each requirement, we note
that allowing access to foreign investors and highly skilled professionals to
the UAE citizenship, and by extension the rights and obligations currently
available to UAE nationals, will allow the UAE to retain and generate a
significant traffic of talent to the UAE, particularly in the fields which will
be afforded the opportunity.
The
amendments will also, in our opinion, boost the real estate market as
individuals will be incentivised to acquire real estate in the UAE and to build
more stable and long-term ties to the country, whether on a personal or
professional level.
The above
clearly indicates the UAE’s purpose to attract new investments and talent and
create new opportunities, particularly in the fields that are most strategic to
the continuous development of the country.
These fields
include science, medicine, technology, and space, and we note that the UAE has
recently adopted numerous initiatives to enhance its contribution to the global
efforts in these areas.
The UAE’s position as a leading economy is further reinforced by its offering of a competitive platform for talented individuals who will now be able to consider building and developing their practices from the UAE.