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UAE may make more changes to expat visas - Dubai official
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 18 May 2009Posted on Wednesday, 20 May 2009
comment on mr andys one million dhms visa for expatriate
Posted by vijay at 14:18 UAE time
sir you will be surprised that what is unique about u.a.e is that rules of residence permit of multi million dollar investor buisness man and a construction worker earning 700 dhms per month are the same .since both of them are expatriates Bank managers and people working even on very high posts with the govt have a labour card.There is no provision for any special investor visas even for buisness man doing buisness worth millions of dirhams since last 10 20 years.the main reason is they do not trust the expatriates but expect the expatriates to trust them and have respect for them.they just want only tourists and no permanant residents.so investing in property in u.a.e is just a waste of time and money.
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Posted on Tuesday, 19 May 2009
Basically it costs 1 Million Dhms. to get you a 6 month visa stay in Dubai
Posted by Andy at 20:00 UAE time
This is beyond absurd. I think the US and the UK should offer their locals the same visas. Their visa fees sound like the rates charged at the Burj Hotel in Dubai.
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Twisting the knife?
Posted by IncidentFlux at 17:30 UAE time
Sigh! these guys... Talk about twisting the knife while laughing, Edmund Brindley is right on the money. I put my trust in the government and invested in UAE property, now they're jerking us around like this.
Time and time its proven we'll be nothing more than untrustworthy labor workforce expats to them, no matter how many millions or billions you invest here. We're still just a quick visa canceallation away from deportation.
Have we really screwed this country to deserve this kind of treatment? I'm not even angry anymore just very disappointed.
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Fair and equal right for property Investors
Posted by Gavin Mendez at 13:57 UAE time
The government should consider a yearly or 3 years residence Visa's , with provision to work with a special labour card. This will bring in people who are skilled professionals who can invest as well. Apart from being beneficial to companies who dont have to provide accomodation to this category of employees, this will also help stabilize rental fluctuations as one would own an apartment rather them rent. we love this country like our own.. we dont want a citizen ship, but allow up to live in the country we have strived to build.. I humbly request the benevolent ruler of this great country to think of all the dedicated and law abiding expats who are willing to give their sweat and blood for this country.
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Gross Error !!!!!
Posted by Khalid Rahman at 12:34 UAE time
One fails to understand why it has not been allowed or stated that investors who have spent more than 1 Milion AED and bought more than one apartment also qualify for the 6 months visa. A friend of mine has bought 3 apartments and spent around AED 2 million none of which is valued at AED 1 Million or more ...... has been granted a lower status compared to an investor who spent AED 1 million and bought one apartment only. This defies all rules of common sense and is completely deviod of any logic ...... even the basic math is missing !!!!! The other 2 apartments are on rent and meet the monthly income requirement of AED 10,000 and yet this guy does not Qualify ....BRAVO
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Which Price? original or paid by second investor or market
Posted by eftekhar ali at 12:03 UAE time
Does anyone know for certain- backed by an official source- which of the following properties qualify for the new visas?
1. With original purchase price paid by the first purchaser?
2. The market price now?
3. The price paid by the second or third or fourth and so on investors (in case the original price was under AED 1m)
4. None of the above
For instance an investor in a Meadows or Springs villa might have paid less than 1 m in 2002, but their property is now worth well over 1 m. The question is does the original investor, who has still kept the property, qualify; or if the first investor has sold the property to a second investor at over 1m, does the second investor qualify and so on?
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What A Laugh!
Posted by anonymous at 10:24 UAE time
Like so many of the UAE's recent initiatives to draw back investment into the emirate, this visa law stand testimony to the ridiculous non-strategic thinking that guides the government's vision. With thousands of people losing their jobs everyday, and being forced to exit soon after (as jobs are few are far between), there stands only one hope of revival (and that too a remote hope!). Bring back (at least partially) a level of real estate investments into the country.
Let's sit back and think how we can do this? By making visa laws even tougher than they already are? by charging expats even more money than we already did? That should attract more investment back in????
We do recognize that there must be reasons for having some regulatory measure, but stipulations like the property must be worth 1M and above or the person should earn Dhs. 10,000 a month and above just doesn't seem to cut the mustard. What not screen if that's the case and make a decision based on more rational and reasonable criteria? Go figure! That would make too much sense.
So as the emirate spirals into further decline, its visa laws aid in expediting its downturn. Now isn't that what laws were made to do? Benefit the people!
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Posted on Monday, 18 May 2009
Where Do We Draw The line on trust being broken time & time again
Posted by Shehryar Iqbal at 01:44 UAE time
How many more times these laws will keep on changing , i have simply lost my trust and will not buy anymore properties here because my only fear now is what if they change the visa law again ?Especially when things starts to get better ......Watch out !!!
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Home Owner Visa.
Posted by M. D. Gidwani at 20:25 UAE time
The conditions proposed imply the following?:
a. If employment under Home Owner Visa (HOV) is prohibited, does it mean that only non-residents should buy property, or,
b. Residents earning more than 10,000/= can buy the property, but cannot avail of the HOV, and, in case they lose the job, they have to leave the country?, Or,
c. Only self-employed biz people with investor visa should buy property, in which case they will not need the HOV . . .
d. White collar or blue collar employees should not buy property in Int'l City, Discovery Gardens, etc, where the prices are presently less than one million. They should wait for the prices to go up and then buy?
e. Can a person on HOV, residing in Dubai with his wife and children, earning 10,000/= per month survive? What with the property maintenance charges, car, petrol, food, educational fees, medical, etc??
Why can't we have a comprehensive law taking cues from regional countries, offering various sops for investment, irrespective of the sector one chooses to invest in? Be it property,
fixed deposit or investment in stocks, shares and bonds - as long as the lock-in period is clearly specified.
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ONCE BITTEN A MILLION TIMES SHY
Posted by Edmund Brindley at 19:48 UAE time
Once bitten a million times shy, my friends paid a very heavy price for being gullible. Even if they offer a 10 years Visa, people will never be duped this time. This is the land of perpetual change
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VISA FOR HOME OWNERS
Posted by venkat at 17:54 UAE time
For the revival of real estate market there should be lot of flexibility for the foreign ownership to have a long term visa and the same can be issued under sponsorship of RERA. whenever a sale happens of the same property the same need to be intimated to RERA and registered with them hence visa can be cancelled by RERA. The economy of UAE cand definitely change if home owners are encouraged to buy properties and are not hampered with hassles of visa which can be detrimental to the real estate market
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More changes to expats visa
Posted by aslam at 16:33 UAE time
To bring back the rosy picture once again, Dubai government should ease the residency law. Earlier, expats did pay upto AED10,00.- for three years. Though it was a high price, but was a good option for a peaceful atmosphere. Six months multi visa does not make much sense. Atleast 1year visa, as issued to students is reasonably acceptable with a max value of AED.1500.-
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6 months multiple residency for real estate investers
Posted by rene fernandez at 16:27 UAE time
I think the UAE authorities MUST stick to 6 months Multiple Entry Visa for those who have invested at least i Million Dirhams in Property in the UAE. The investors MUST Not be allowed to work . It is meant only for those who have money to waste. The HYPE of UAE is OVER
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Visas a JOKE
Posted by Maroun at 15:42 UAE time
It must be a joke to have a multiple visa for 6 months.They haven't mentioned if the person is residing in U.A.E??What about the people who bought freehold and under 1m who were promised permanent visa? Is the government going to appologise publicly to them?Are they going to buy back their property
?What if the person is retired and does not earn 10,000Dhs?
The law should be more precise and clear.Investors will not tolerate speculative laws anymore.If Dubai wants to save it's economy it has to be more flexible and look longterm.
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residency visa
Posted by amir at 15:10 UAE time
How can you call 6 months Residency Visa?
What if we have a family here than what ? every 6 months we have to take off school & go out Dubai ? pay 2000 Aed every time ?
A family of 5 have to pay 10,000 + tickets ?
This is not a Residency ?
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