Do You Become a Resident after Buying Property in Dubai?
The strong economical position of Dubai has grabbed the attention of many foreigners who want to buy property there and avail limitless business opportunities. Many people believe that you can get a residency visa if you buy property in Dubai while others negate it. Here in this article we will try to find the answers of investors and remove their ambiguities. According to property expert Saad Arif, you can easily buy property in Dubai and the laws of the city also provide convenient conditions for it, but it doesn’t mean the government will gift you the residency visa in return. There is another process you have to follow to get your residency visa. The worth of the property should be one million to apply for a residency visa that expires after three years. Once the visa expires, you have to apply for it again. In a recent announcement, the government is planning to increase the validity time of residency visa for real estate investors, businessmen, and retirees. After th...