The Multiple-Entry Visa for UAE Property Owners Abolish Leasing Promises Made by UAE Realtors

Ajman and Dubai real estate developers promised residence visa to several foreigner property investors. However, this process was stopped last year. The real estate developers had these residence visas while endorsing 99 year lease agreement, which now stands nullified.

It was announced on 3-May’09, a foreign property owner can get multiple-entry visa and can renew it any number of times. This decree was applied all across the UAE and these visa woulss start getting issued from 1 June’09. The Ministry of Interior said “The multiple entry visas have a validity of six months. This means the expatriate property owner may stay in the country for six months maximum at a time. But it may be renewed or a fresh visa could be applied any number of times, if the necessary conditions are met", said Brigadier Nasser Al Awadhi Al Minhali, acting director-general of the Naturalisation and Residency Department. He was speaking at a press conference held to clarify the ruling, which stirred up public debate on its pros and cons. "After spending six months in the country, the investor must leave the UAE to return to his home country or any of the GCC countries for at least a month before he is eligible to apply for a fresh multiple entry visa”.

Also, Brig Al Minhali said “The visa costs Dh2,000 for processing. Additionally, the person must obtain health insurance for the duration of his stay in the country. Renewal also costs the same,”.

He said, while the property investor’s stay in the UAE, he/she can sponsor their immediate family which are the children and spouse. However, health is mandatory for all visitors.