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UAE to amend residency visa laws
Country: UAE
19 February 2009
The United Arab Emirates plans to introduce legislation within the next year to grant renewable, six-month residency visas to owners of freehold property in UAE, a government official announced this week.
“[The proposal] will allow the owners to obtain a six-month renewable residency visa,” The National newspaper reported, citing Nasser al-Minhali, acting director-general of the UAE Department of Naturalisation and Residency. The new legislation would permit overseas nationals to gain residency rights “regardless of their nationality or the size and value of the property”, the Abu Dhabi-newspaper said.
Minhali added: “We do not want each emirate to develop procedures on its own, so we will unify it under the Ministry of Interior.”
Foreigners currently form over 80% of the UAE population of 4.5m inhabitants, and yet the UAE has no permanent residency system currently in place, instead linking UAE residency rights to employment.
Dubai currently allows foreigners to invest in certain properties on a freehold basis, while Abu Dhabi allows foreigners to own properties on a long-term lease basis.
See Also: UAE
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DUBAI GATE 2
JUMEIRAH LAKE TOWERS
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18TH FLOOR FANTASTIC VIEWS
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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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· Project: The Fairways
· Developer: EMAAR
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· Suite area: 709 Sq ft
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