Forgive me if this is not in the right section, i know most of you probably visit here... I saw past threads on Residence visa on how long they take to process as regards with employer.
What i need to know is about residency through owning property as i will still run a buisness here and would want to live over there, and hopefull get a few things rolling there too...
I read this on http://guide.theemiratesnetwork.com/liv ... operty.php
the important part being in bold and underlined...
.....History of Freehold Real Estate in Dubai
In 2001, the Dubai government agreed to allow expats to have a 99-year lease of particular Dubai property, but in May 2002, the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoom, issued a decree allowing foreigners to buy property on freehold ownership. After Sheikh Maktoum's decree, this sparked the real estate boom in Dubai's residential property.
The purchase of property on freehold basis means that the property is put in the owner's name for life, and the owner has the right to sell, lease or rent his/her property at their own discretion. Property owners and their immediate family, will obtain renewable Dubai residence visas for life, which can cost Dhs. 5,000 per person. Freehold property in Dubai is currently limited to areas of Bur Dubai closest to the end of Dubai, where Dubai connects with Abu Dhabi. Some of these areas include Sheikh Zayed Road, Jumeirah, Jebel Ali, and Dubailand.
...I guess my question is, anyone have any experience with this or know somone who has? and any other info like how long and complicated it is to process, im presuming the same kind of things like medical test and stuff?