Visa for a short time buyers of property in Dubai
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Dubai: Dubai is introducing a series of visas for foreign investors in the property sector, a senior official said.
"We have proposals to that effect to the government of Dubai authority
for verifying reports of ownership of a visa to the buyer. Once this
law is adopted, it could be implemented at federal level," Marwan Bin
Galit, Executive Director of Dubai real estate Regulatory Agency (RER)
Gulf News said yesterday.
"There is no direct relationship
between ownership and residence visas. Developers should not attract
real estate investors with the promise of a visa.
His comments overthrow the former government of the foot.
Dubai, the emirate government opens the property sector for foreign
investors in areas of sales during the year 2002, and in the absence of
a property right, then three master Developers - EMA, Dubai Properties
and Nakheel - had promised a three-year renewable residence permit
visas for holders of property rights on the basis of a specific
agreement with the Department of residence.
More than 20000
families have focused on the right side of the house arrest in the past
six years, many visas residence attached to their homes.
Limelight
The issue of residence visas in relation to property rights came to
light of the recent Gulf News report, in which a senior government
official said foreign buyers are entitled to visas, if l 'building.
Thousands of foreigners have invested in new properties currently at
different stages of development with the hope that they will
automatically receive visas, such as advertising for developers,
Ghalita false.
"We are now the subject because it is
confusion in the public opinion in this regard. We urge people not to
link obtaining a residence visa for the acquisition of property, "he
said. Galit am told that the visa issue is related to the" Business
Development "and No "people buy products."
He said that
obtaining a visa in Dubai is not as difficult. You can not start a
business or invest or as a partner of the company. It should not depend
on ownership or investment company.
"We are a different body
from the residence service. Even if the investment company is also true
for a residence visa of a buyer, department of residence to refuse.
"It is a duty, they buy a property, obtain a visa permit," he said.
"If the development of a company in bankruptcy, what happens with the people, sponsored by that company? We will also examine".
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