Visa changes in UAE |
| Wednesday, 20 May 2009 14:40 | |||
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UAE may make further changes to expat visas Dubai was considering further changes, following a sharp downturn in the emirate’s real estate market, he said. “We have certain ideas about visa laws that have been passed on to the federal government,” Al Sheikh told the conference. Reform of the visa system for property owners in Dubai is already underway, following a new ruling in May by Sheikh Mohammed, Ruler of Dubai and Vice President of the UAE. Starting on June 1, Dubai will issue six month, multiple entry visas for expat property owners. Under the new visa rules the property should be worth at least AED1m. Also, the owner must earn at least AED10,000 per month, or the foreign currency equivalent. However, the visa does not give the property owner the right to work inside the country. The economy of UAE can definitely change if home owners are encouraged to buy properties. It is also important to ensure they are not restricted by red tape which can be detrimental to the real estate market. Got views on the above news? Email your comments to the email address below, each week a selection of comments will be added to the news stories Send your comment to This e-mail address is being protected from spambots. You need JavaScript enabled to view it To view other news click here
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