6 month renewable visas for property owners
May 3rd 2009, 10:04 am
#16
BE Forum Addict
Joined: Aug 2007
Posts: 3,287
Re: 6 month renewable visas for property owners
I agree with you totally. However some people have invested thinking that Dubai was a stable market, they are now finding that their luxury apartments are worth half of what they were say 12 months ago and are now somewhat trapped. I do actually have friends who managed to secure a visa on their apartment in the visa, annually renewable. I am guessing that is now 6 monthly renewable. Which they won't bother as they are British so will just do visa runs. BUT how do you get DEWA without a residency visa?
In answer to the last bit, a property owner could get a residence visa for the first year- which would allow them to get their dewa account etc, then just not renew the residency if they didnt want to. However, with visa runs avery 30 days, thats not very practical, particularly for an older person.
May 3rd 2009, 10:05 am
#17
Joined: May 2007
Posts: 317
Re: 6 month renewable visas for property owners
now this sucks.
May 3rd 2009, 10:08 am
#18
BE Forum Addict
Joined: Aug 2007
Posts: 3,287
Re: 6 month renewable visas for property owners
May 3rd 2009, 11:09 am
#19
Concierge
Thread Starter
Joined: Feb 2007
Posts: 29,625
Re: 6 month renewable visas for property owners
for the fact that the stipulations on residence visas from the developers are always changing, I think that the 'freelance' visa is a better option - what are the developers charging for residence visas - 15-20k per year?
In answer to the last bit, a property owner could get a residence visa for the first year- which would allow them to get their dewa account etc, then just not renew the residency if they didnt want to. However, with visa runs avery 30 days, thats not very practical, particularly for an older person.
In answer to the last bit, a property owner could get a residence visa for the first year- which would allow them to get their dewa account etc, then just not renew the residency if they didnt want to. However, with visa runs avery 30 days, thats not very practical, particularly for an older person.
May 3rd 2009, 11:47 am
#20
BE Forum Addict
Joined: Aug 2007
Posts: 3,287
Re: 6 month renewable visas for property owners
this DEWA thing has always puzzled me, what about people who invested in say 30 units to rent out as an external investor, would they get an investors visa? Also people who have bought just one unit as an overseas investment, how do they fit up DEWA say if they are not planning on visiting Dubai. We have property in Bulgaria and haven't visited it, it is on long term rental.
For owners who arent in dubai, apparently they will automatically be on the dewa account as owners of the property.
May 3rd 2009, 12:08 pm
#21
Concierge
Thread Starter
Joined: Feb 2007
Posts: 29,625
Re: 6 month renewable visas for property owners
that is interesting, so you don't have to have a residency visa, just us fools who are here who do!!! Can't see many setting up real estate businesses these days.
