Dubai cancelled 86 percent more residency visas in January this year compared with the same period in 2008, official figures revealed on Tuesday.
Data from Dubai’s Ministry of Interior Naturalization & Residency (DNRD) shows that 54,684 residency visas were cancelled during the month of January, compared with 29,418 in January 2008 - an 86 percent increase.
This translates to approximately 1,764 every day according to calculations made by the arabianbusiness.com news site.
However, the number of new residency visas issued in January was higher than the number cancelled, with 88,423 visas being approved, said the DNRD.
Yet, this figure is down from January 2008, when 93,957 residency visas were issued.
The DNRD confirmed that the figures were for new residency visas only and did not include renewed ones.
Click here to get the full story.