Property Owners to Get Multiple Entry Visas to UAE, From June 1

As announced on Monday, UAE would issue multiple entry visas to expat property owners who would meet the eligibility criteria. With the lack of federal regulation, there have been different real estate regulations in each emirate. It’s not only the Dubai real estate sector, but also other real estate sectors in other emirates in the UAE would have standardized law. Therefore, to better regulate the law, the Interior Minister has proposed a regulation which includes six-month entry to expat property owners.

Acting Director-General of Naturalization and Residency Department, Brigadier Nasser Al Awadhi Al Minhali, spoke at a press conference “"The multiple entry visas for expatriate property owners will be issued from June 1, based on the conditions stipulated by the ministerial decree issued on May 2." Also, according to Brigadier Nasser Al Awadhi Al Minhali the decree would apply to all emirates which would stimulate the economy and standardize the rules.

As mentioned earlier the expat property owner would need to fulfill certain requirements to obtain the multiple-entry visa. These rules include:

• The property should be worth at least Dh 1million
• It should be wholly owned by the investor
• The property should be ready to move in
• The villa or the apartment should be appropriate to accommodate the investor’s family
• The investor’s income should be not less than Dh 10,000 or equivalent to any other country’s currency.

To get the visa, the investor needs to procure the property title from the registration authority of the respective emirate. This visa can only be renewed if the property owner can been out of UAE for at least a month.