sage & onion
- Red Chief wrote:
Too many limitation and inconvenience though. Is it enough to persuade foreigners to buy property? If dropping is as much speed as before there will be no property worth a million very soon. :)
At the other hand wealthy people aren't keen very much to prof that they aren't a camel twice a year.
It's a start at least.
Red Chief
Too many limitation and inconvenience though. Is it enough to persuade foreigners to buy property? If dropping is as much speed as before there will be no property worth a million very soon. :)
At the other hand wealthy people aren't keen very much to prove that they aren't a camel twice a year.
uaekid
what more are expecting here sage? I mean what are the negative sides of UAE visa as you see it ? what could be done or changed to make it more desirable ?
Chocoholic
Well originally, with many properties a selling point was investors were told they could apply for a residency visa.
Red Chief
- uaekid wrote:
what more are expecting here sage? I mean what are the negative sides of UAE visa as you see it ? what could be done or changed to make it more desirable ?
Don't worry, Kid, your sweetest desire about life without expats is coming true. :) It's visible...
2Sage It looks like a step forward but two steps backward.
Snow
This is a sign that the prices will still be going down...
uaekid
- Snow wrote:
This is a sign that the prices will still be going down...
I guess so but not in AD, it is crazzzzzzzzy, my brother is trying to get a 3 or 4 bedroom villa and offering a 350,000 but no luck for a month now, he is homeless LOL
Red Chief
- uaekid wrote:
- Snow wrote:
This is a sign that the prices will still be going down...
I guess so but not in AD, it is crazzzzzzzzy, my brother is trying to get a 3 or 4 bedroom villa and offering a 350,000 but no luck for a month now, he is homeless LOL
350K for free-hold?
:shock:
dresden
350K to buy for freehold?
There has to be a mistake there. Or do you mean Rent?
gdsurdy
I assume ur bro is looking on rent @ this amnt. If so you can msg me his contact no, and I can try to help him.
Kind Rgds.
- Red Chief wrote:
- uaekid wrote:
- Snow wrote:
This is a sign that the prices will still be going down...
I guess so but not in AD, it is crazzzzzzzzy, my brother is trying to get a 3 or 4 bedroom villa and offering a 350,000 but no luck for a month now, he is homeless LOL
350K for free-hold?
:shock:
1 Dubai Jobs .com The First Place to Find a Job in Dubai
xdude
- Red Chief wrote:
Too many limitation and inconvenience though. Is it enough to persuade foreigners to buy property? If dropping is as much speed as before there will be no property worth a million very soon. :)
At the other hand wealthy people aren't keen very much to prove that they aren't a camel twice a year.
agree!
if someone is looking to buy long term, then why would he go thro' the trouble of renewing the permit every 6 month.. n tht too he has to go back n re enter assuming tht he has met the required conditions again...
too much of uncertainity... n wht if my aprtment was worth 1.2 million when i bought it n now its worth 900k.. do i loose the permit...
:shock:
Red Chief
A year ago many foreigners could consider UAE property as a good investment. So they didn't need a visa at all.
Now this property could only be a second home as an escape from cold weather in the home country. Who could buy it without full confidence of visiting own property at any time?
portland
so what happens to the freehold properties then? i tot this comes with 10 year visa?
Sharp
So Nice so far!....
Stylinexpat
That new law or regulation is the biggest joke. :roll: Most tourists and visitors get 6 month visas upon entry to Europe ( I know because I get one on my American passport) and they don't need to own a $300K home in Europe to be eligible for this visitor visa.
I currently reside in Asia and have a multiple entry visa in my passport which I paid $100 for. That visa is a multiple entry visa for 90 days which is valid for 5 years. Taiwanese people also get 5 year multiple entry visas to the US which are valid for 6 months tay that cost $100.
Again their new residence policies for those that buy homes in Dubai or invest in Dubai are nothing more then a joke as they obviously don't want people residing in their country. This just shows that they just want to milk people out of their money :violent1:
uaekid
- Stylinexpat wrote:
That new law or regulation is the biggest joke. :roll: Most tourists and visitors get 6 month visas upon entry to Europe ( I know because I get one on my American passport) and they don't need to own a $300K home in Europe to be eligible for this visitor visa.
I currently reside in Asia and have a multiple entry visa in my passport which I paid $100 for. That visa is a multiple entry visa for 90 days which is valid for 5 years. Taiwanese people also get 5 year multiple entry visas to the US which are valid for 6 months tay that cost $100.
Again their new residence policies for those that buy homes in Dubai or invest in Dubai are nothing more then a joke as they obviously don't want people residing in their country. This just shows that they just want to milk people out of their money :violent1:
this law is for UAE not only Dubai.
they certainly can not apply every countries policies in here . I mean every expat wants all laws to fit his needs !god know even the locals do. which is impossible ,don't you think ?
The joke is you thinking they are running after your pennies ! you are always welcome to stay in Asia for your won comfort with your *American passport
where is robbyG ? this is a juciy topic for him and his grap :lol: maybe he is busy changing airplanes oil :lol:
Stylinexpat
- uaekid wrote:
- Stylinexpat wrote:
That new law or regulation is the biggest joke. :roll: Most tourists and visitors get 6 month visas upon entry to Europe ( I know because I get one on my American passport) and they don't need to own a $300K home in Europe to be eligible for this visitor visa.
I currently reside in Asia and have a multiple entry visa in my passport which I paid $100 for. That visa is a multiple entry visa for 90 days which is valid for 5 years. Taiwanese people also get 5 year multiple entry visas to the US which are valid for 6 months tay that cost $100.
Again their new residence policies for those that buy homes in Dubai or invest in Dubai are nothing more then a joke as they obviously don't want people residing in their country. This just shows that they just want to milk people out of their money :violent1:
this law is for UAE not only Dubai.
they certainly can not apply every countries policies in here . I mean every expat wants all laws to fit his needs !god know even the locals do. which is impossible ,don't you think ?
The joke is you thinking they are running after your pennies ! you are always welcome to stay in Asia for your won comfort with your *American passport
where is robbyG ? this is a juciy topic for him and his grap :lol: maybe he is busy changing airplanes oil :lol:
You should see all their advertisements and marketing tactics in Asia then :wink: One would have figured that they would give buyers or investors a little more comfort for buying or investing their country. After all it is the buyers that contribute to growth in the UAE because without those buyers there would pretty much be no growth period.
PS: Out of curiosity, how long of a visa do you get with your passport upon entry to Europe??
uaekid
"because without those buyers there would pretty much be no growth period."
so you think UAE growth depend on selling real estate ?LOL
Red Chief
- uaekid wrote:
so you think UAE growth depend on selling real estate ?LOL
I think they need to sell some to avoid losses.
RobbyG
- uaekid wrote:
where is robbyG ? this is a juciy topic for him and his grap :lol: maybe he is busy changing airplanes oil :lol:
RobbyG was unable to log on to DF.
This forum needs lubrication. Its getting cranky!
Not juicy enough for me Kid :lol:
Red Chief
- RobbyG wrote:
RobbyG was unable to log on to DF.
How come? Have you found a job? May I congratulate you?
RobbyG
- Red Chief wrote:
- RobbyG wrote:
RobbyG was unable to log on to DF.
How come? Have you found a job? May I congratulate you?
To only answer the sarcasm of it: Yes, progress in the works 8)
Red Chief
No sarcasm at all... only care...
:D :D :D
RobbyG
- Red Chief wrote:
No, sarcasm at all... only care...
:D :D :D
Good to hear you have some heart for me left 8)
Anyway: I'm picky :wink:
Stylinexpat
- uaekid wrote:
"because without those buyers there would pretty much be no growth period."
so you think UAE growth depend on selling real estate ?LOL
A lot of growth depends on real estate.. Real Estate offices formed which created jobs for real estate brokers, demand for offices,demand for furniture, demand for cell phones, demand for telephone calls (Etisalat reports growth after :wink: ), demand for transportation which creates growth for car sales, those working created higher demand for food which created growth in food sales and the list goes on and on :wink:
All the Spinney's Supermarkets and other Hyper Markets wouldn't have much business if it weren't for all the expats in Dubai. The fact is the more people you have the better it is for your economy.
Bora Bora
I was at Ibn Battuta Mall today at around 1:00 and it was absolutely dead! Something is definitely going on. You could walk a straight line there whereas you had to dodge around people to get where you were going.
worldguy
Its Monday ... did u see the crowd on weekends
olivertwisted
The fact of the matter remains that these 'laws' that change evrytime the wind blows the other way are designed to extort money on a regular basis. 1 mil is the average family mans 1-2 bed apt. Add interest over 20 years, maint costs per sq foot and the visa renewal charges as well as ticket cost to exit post six months and the fact that your not allowed to work doesnt make it any better. Its a scam like most things here. Im sure they have a bunch of shrewd guys in an office who come up with these brain storms. Expat money is hard earned after paying for evrything from meds to school bills to electricity. There is no even platform between the expat and local if were half as smart wed realise we are given the name expat for a reason. Unplug and see the truth........Ive just booked a house in my home country it costs me one fourth the price here.. cant wait to go back.. Im determined to have the last laugh..Insha Allah
Stylinexpat
Here is an update to this new visa joke for investors in the UAE.
-
As mentioned in the Gulf News:
The visa can be renewed once the person leaves the country.
Servants,maids and laborers don't need to leave every 6 months pretty much because the local would have to pay for their return tickets and their brokerage fees lol... Yet investors get a visa and not residency for investing 1 million Dhms. in the UAE. :roll: A whole 6 months too might I add lol :lol:
We can see that civilization still needs some time here in Dubai.
Stylinexpat
- olivertwisted wrote:
The fact of the matter remains that these 'laws' that change evrytime the wind blows the other way are designed to extort money on a regular basis. 1 mil is the average family mans 1-2 bed apt. Add interest over 20 years, maint costs per sq foot and the visa renewal charges as well as ticket cost to exit post six months and the fact that your not allowed to work doesnt make it any better. Its a scam like most things here. Im sure they have a bunch of shrewd guys in an office who come up with these brain storms. Expat money is hard earned after paying for evrything from meds to school bills to electricity. There is no even platform between the expat and local if were half as smart wed realise we are given the name expat for a reason. Unplug and see the truth........Ive just booked a house in my home country it costs me one fourth the price here.. cant wait to go back.. Im determined to have the last laugh..Insha Allah
You need to see what they charge for community fees in JLT if you buy a bedroom unit every year. That alone is beyond what you pay in taxes in any country. If you have bought any new home in any of these newly developed area you will know what they get you for in service fees and community fees. I know this first hand as I owned 2 units in Saba Tower II in JLT.
worldguy
- uaekid wrote:
- Snow wrote:
This is a sign that the prices will still be going down...
I guess so but not in AD, it is crazzzzzzzzy, my brother is trying to get a 3 or 4 bedroom villa and offering a 350,000 but no luck for a month now, he is homeless LOL
You could get villas dime a dozen in Abu Dhabi. I had a word with Asteco and they had more than 100 villas to rent in AD and lot below AED 300,000. In addition, they had a 3 bed apartment in the city with Jacuzzi etc for around AED 320,000-330,000.
Try Aldar for Raha Gardens and you can negotiate. The last I checked 3 bed townhouse was for AED 220,000. They have more than 200 villas and none have been rented. I also keep getting emails for villas to rent in khalifa A, MBZ, etc ... 5 beds for less than AED 300,000. The market is not as bad as it seems.
I just drove around in AD last week and found that there are at least 1,000 villas to be rented plus got details for more than 30-40 available apartments in AD. I just spoke to Asteco, Colliers, Hamptons, LLJ, etc.
worldguy
On the whole this law needs lot of improvements, otherwise why should I not invest in UK. I might as well get 3 months visa to keep staying here as that will cost me lot less.
I personally think this will hurt the market rather than benefitting it. The other thought is that maybe this law is not for common man and their aim is to have super rich, but does the super rich really wanna be here. I doubt it.
Misery Called Life
- xdude wrote:
too much of uncertainity... n wht if my aprtment was worth 1.2 million when i bought it n now its worth 900k.. do i loose the permit...
:shock:
Valid point. What is the basis of the 1million? What about inflation/appreciation. I could argue that something worth 950,000 is now worth a mill. I see valuation agencies having the last laugh.
sage & onion
- uaekid wrote:
what more are expecting here sage? I mean what are the negative sides of UAE visa as you see it ? what could be done or changed to make it more desirable ?
Way too expensive.
Validity should be minimum 3 years.
Should be valid for any person who purchases property, not just those over 1m.
Shouldn't have to exit country to re-new.
I believe that they should put togther a committee of owners to help them get something proper introduced.