In a bid to restart the real estate industry of the Uae, new property visa rules have come into force which take effect from the 1st June 2009.

The governments of the UAe have decided that a common property Visa will come into play for property owners who purchase properties over 1m Aed that they will be entitled to a 6 months visa which will be renewable after leaving the country for 1 month. The person entitled to the Visa must be earning the equivalent of 10,000 Aed per month to be entitled to apply.

Developer supplied visa were stopped at the end of 2009 in order to control emigration and come under the control of the immigration authorities, but with the decline of the worlds markets which has had a major impact on the real estate industry of the UAE.

Prospective clients looking to purchase property should always check with the Embassy of their country of residence for latest guidelines.



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