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Overseas Property News
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New residency visa laws in Dubai
Country: Dubai, United Arab Emirates
29 April 2009 Fresh legislation relating to residency visas for freehold property investors in Dubai, which will clarify the rules on issuing residency visas for those buying Dubai property, is being drafted and is scheduled for release later in the year. The new law will be welcomed by everyone involved in Dubai’s property market, as there has been much confusion relating to existing visa laws. Many property developers have been offering 99-year visas to those buying property Dubai, despite the fact that there is no legislation to support this. Hamad Buamim, director general of the Dubai Chamber of Commerce and Industry, commented: “This is an issue that we believe has to be cleared. We raised it with the government and officials have confirmed that there is a law that will come very soon. “The law will clarify who deserves a visa in terms of their investment in the real estate sector. We don't know when it will be out but the government says it will be soon. I think soon means within this year.” The new law will take a while to be implemented, as it needs to be approved by several different government departments. The law has to come via a decree issued by the government, seconded by the Ministry of Interior and then approved by the immigration authorities.
See Also: Dubai, UAE
Some properties in Dubai, United Arab Emirates
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Price: £162,772
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Type: Apartment
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Bedrooms: 1
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £181,616
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Type: Apartment
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Bedrooms: 1
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Considered the tallest residential tower in the world, The Princess Tower is being constructed on a 37,410 square feet plot in the Marina area, known to be one of the most exclusive and prestigious areas in Dubai.
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Price: £264,880
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Type: Apartment
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Bedrooms: 1,2,3
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DUBAI GATE 2
JUMEIRAH LAKE TOWERS
1 BEDROOM PLUS DINING ROOM
18TH FLOOR FANTASTIC VIEWS
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Price: £271,881
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Type: Apartment
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Bedrooms: 2
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £299,300
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Type: Apartment
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Bedrooms: 1
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· Project: The Fairways
· Developer: EMAAR
· Tower: T1 / West
· Type: 1 BR
· Suite area: 709 Sq ft
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Price: £435,654 GBP
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Type: Apartment
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Bedrooms: 3
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This luxurious 3 Bedroom apartment is a distress sale and is offered below market price.
Located in one of the prime Towers in the most sought after location in Dubai – O2 Residence in Jumeirah Lake Towers<
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Price: £731,763
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Type: Apartment
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Bedrooms: 3
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £1,432,557 GBP
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Type: Apartment
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Bedrooms: 1,2,3
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The Mansion at Burj Dubai is an architectural masterpiece, its unique value proposition is that all homes within the 60-storey tower open to direct views of Burj Dubai, the world's tallest building, and the magnificent fountain on Burj Dubai Lake.220
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View details | Enquire further
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Price: £1,864,970 GBP
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Type: Penthouse
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Bedrooms: 5
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Developer Deyaar
Penthouse, Top floor
Full lake view
Floor 38
Area: 5,765 sq.ft
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