Posted on September 21, 2010.
Hi, I am a U.S. citizen to Would Like to Buy Some property in Dubai, UAE. I Heard That you are GRANTED permanent residence if you buy any property. Can anyone tell me if it's true And Also the Requirements and procedure to buy one? Thanks in advanced.
Elke Okelley says...
You can purchase property in Dubai, but you will not be entilteld for a permanent residency visa. Right now you would get a residency visa, but on this visa you are not allowed to work. Regarding the news paper article giving below, this via rule should change:
http://www.khaleejtimes.com/DisplayArtic…
To buy property in Dubai or AbuDhabi you need a registered developer who takes care of all necessary steps. But you still have to be aware that law in the UAE can change real fast without prior notice.
Links you may be interested in:
http://www.gulf-news.com/business/Real_E…
http://www.dubaichronicle.com/
http://www.gulfnews.com/uaessentials/res…
http://www.gulfnews.com/uaessentials/res…
Take care.
Posted on September 30, 2010
