Tuesday, 5 May 2009

Home Sweet Home: Another twist

From Zawya.com, a quote from Brigadier Nasser Al Awadhi Al Minhali, Acting Director-General of the Naturalisation and Residency Department, during the press conference for the official announcement of the new visa:

"The multiple-entry visas may be renewed, but the investor must remain out of the UAE for at least one month. The maximum permitted stay at once is six months," he said.

So, a person pays for a property in full and is then allowed to stay for six months but during that time they're not allowed to work in the UAE. When the six months are up, the property owner has to go leave the UAE and live in another country for a month after which time they are permitted to return to the UAE for another 6 month period.....repeat ad nauseam. Does their family also have to leave the UAE for a month? How does this visa work for non-Emiratis who own multiple properties? One visa for all the properties with the owner having to leave the country only once at the end of every six months? Or will there be a separate visa for each property with the visa date set from the time of full payment of any mortgage on each separate property? What happens if a property drops in value below the set limit? As usual, more questions than answers.

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