Thursday, June 30, 2011

UAE makes second homes more attractive with longer visas

UAE to extend property residency visas from six months to three years

The UAE government is to extend residency visas granted to foreign property owners in the emirates from six month to three years, although the terms and conditions to be attached have not yet been published.

Posted by david smith @ 09:45 AM (1130 views)
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2 thoughts on “UAE makes second homes more attractive with longer visas

  • Emaar (government owned developer) used to give 3 years resident visa for buyers of property worth at least 200,000 dollars.When the crisis hit, the government decided to withdraw these visas and declared only a max of 6 months visa can be granted. When governments change rules on a whim, it is hardly going to restore any trust. Too late guys, the UAE property market is far too risky and changing visa rules will not be enough to restore confidence. In the meantime, far more established property markets have cheapened up enough to possibly attract new buyers. Florida is a good eg. No visa requirements to buy a property there. why on earth would you buy in the UAE ?

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  • No visa requirements in Florida? That’s definitely not the case! If as a UK citizen you intend to stay for more than 3 months a year, then you’ll need some kind of residential visa.

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