The Honourable In keeping with the projected growth of approximately one million residents as outlined in the Dubai 2040 Urban Master Plan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the United Arab Emirates, and Ruler of Dubai, has approved the Dubai Metro Blue Line project. With 14 stops, this proposed 30-kilometer metro line will strategically connect the emirate’s major locations.

HH Sheikh Mohammed emphasised that funding for infrastructure projects is consistent with Dubai’s approach to comprehensive city development, which prioritises satisfying immediate requirements while laying the groundwork for future growth. He underlined that the nation’s talent has demonstrated its capacity to drive growth, providing innovative concepts that align with Dubai’s aspiration goals across a range of industries, promoting advancement and quality.

“Great achievements are the result of meticulous preparation, creative problem-solving, and a commitment to achieving the highest standards of leadership. They don’t just happen by accident. Achievement is really best measured by how positively it affects society. His Highness stated, “We spare no effort to achieve it at the highest standards, striving for the best for our society.”

In response to the region’s growing population, His Highness oversaw the project’s quick execution while upholding the strictest international guidelines and requirements. The project is expected to be finished in 2029, which also happens to be the year when the Dubai Metro turns 20.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the United Arab Emirates, inaugurated the Dubai Metro Blue Line project during a ceremony at Dubai Creek Harbour.

Sheikh Maktoum stated that Dubai is dedicated to executing top-notch endeavours that not only improve the city’s reputation internationally but also reaffirm its leadership in creating top-notch infrastructure that is in line with the emirate’s sustainable development goals. These projects are carried out under the vision and guidance of HH Sheikh Mohammed bin Rashid Al Maktoum.

“We are committed to maintaining HH Sheikh Mohammed bin Rashid’s vision, which aims to solidify Dubai’s standing as the greatest place in the world to live,” said Sheikh Maktoum.

His Highness praised the Dubai Roads and Transport Authority for its endeavours in carrying out significant projects that correspond with the future goals of Dubai. Additionally, he recognised the significant contributions made by Emirati talent at the forefront of growth in several important industries in Dubai. “We have complete faith in their abilities to further develop the emirate, with a focus on improving the stability and happiness of residents, and we are extremely proud of our national talent.”

His Royal Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Ports and Borders Security Council, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, and several other high-ranking officials were also present at the occasion.

His Excellency Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), greeted HH Sheikh Maktoum upon his arrival at the occasion. The main characteristics of the Dubai Metro Blue Line, which were shown on a sizable mural at the location, were explained to His Highness.

The Blue Line, the first metro service to cross Dubai Creek via a 1,300-meter bridge, is a major development. The Blue Line will be 30 km long in total, with 14.5 km above ground and 15.5 km below ground.

With 14 stations, such as the iconic station at Dubai Creek Harbour and important interchange points like the Creek Station on the Green Line, Center point Station on the Red Line and Dubai International City Station 1, the Blue Line is expected to play a major role in the ongoing growth of the city’s transport network.

The post Dubai Blue Line is approved by Sheikh Mohammed Bin Rashid appeared first on .

After the eagerly anticipated foreign property ownership decree was issued in 2002 and permitted non-UAE nationals to purchase real estate in Dubai, the city saw a significant development boom that attracted international investors to the real estate market.

Whether looking to buy a long-term investment or a property that is ready to move into, Dubai has a lot of housing-related investment options available today.

Highly Controlled Sector:

A system of real estate rules and regulations that safeguard the rights of real estate investors control real estate investment in Dubai.

The Dubai Land Department:

The Dubai Land Department (DLD) approves, arranges, and records transactions pertaining to registered land and real estate in Dubai. It also manages all issues pertaining to the registration of land sales and acquisitions.

In the real estate industry, the DLD currently provides more than 26 primary services and 216 auxiliary services to clients. These services include land and title registration, real estate professional registration and licensing, and the creation of regulatory frameworks to draw in and efficiently manage real estate investments while educating the public about relevant laws.

In order to help investors stay up to date with Dubai real estate prices, the DLD also gathers and posts information regarding real estate buy and sale transactions on a weekly and monthly basis on its website.

The Regulatory Arm of Real Estate Registration Agency (RERA):

The Real Estate Regulatory Agency, also referred to as “RERA,” was founded in 2007 with the goal of creating an environment that is conducive to safeguards the interests of all parties engaged in the marketplace for real estate with regard to investment. It does this by establishing legal frameworks and procedures and by regulating the operations of brokerage and development companies as well as owners associations. The agency bases its goals on international best practises.

To safeguard the larger interests of investors and the market, RERA keeps an eye on all development initiatives from a technical and financial standpoint. Along with enforcing fines for infractions, such as the termination of delayed projects, RERA actively monitors the adherence to relevant rules and regulations by developers, brokers, and other licensed real estate professionals.

Investment Arm of the Real Estate Investment Management and Promotion Centre:

The DLD’s investment branch, the Real Estate Investment Management and Promotion Centre, is in charge of assisting domestic and international real estate investment firms, creating a real estate investment-friendly regulatory framework, and stimulating market activity by encouraging direct and long-term investments.

In order to achieve sustainable development, it also actively contributes to the creation of a green economy and a stable and secure environment.

Do you want to make a real estate investment in Dubai? Recognise your rights

Current Residency:

According to investment-friendly visa programmes available to people who choose to invest in residential properties worth AED 1 million or more, with a maximum of 50% of the property value under mortgage, investors in residential properties in Dubai are granted a shortcut to permanent residency in the city.

Members may apply if their respective shares of jointly held assets are worth at least AED 1 million.

Commercial properties are not allowed; only a single residence may be invested in. Furthermore, only freehold residential properties are eligible for the visa. Applying for this visa with an off-plan property is not feasible.

The duration of the visa is three to five years, and it can be extended as long as the investor has real estate in the nation.

Those who have spent at least AED 1 million on real estate can apply for the three-year visa. The five-year visa, on the other hand, necessitates property ownership worth at least AED 5 million.

Attractive Rental Yields:

Investing in properties for rental purposes can provide substantial profits, as rents continue to be a popular option for purchasers seeking stable investments with appealing property pricing and payment schedules, among other factors. For ready homes, buy-to-let investors in Dubai may anticipate a return of 5% to 6%.

By purchasing an apartment or villa and renting it out on a short-term basis—a decision that is becoming more and more popular among travellers seeking a “homely” and genuine vacation experience—investors may also profit from the strong demand for short-term rentals and capitalise on the significant volume of visitors who visit the city.

Scheme of Rent-to-Own (Ijarah):

A developer and buyer can work up a rent-to-own agreement that lets the buyer make rent payments and save for a down payment at the same time. Since DLD introduced the rent-to-own service and created a special title deed record to offer a clear legal foundation to support such transactions, the plan has grown in popularity.

This agreement facilitates speedier entry into the real estate market for purchasers by relieving them of the burden of a required 25% down payment. In a win-win arrangement, developers also get access to a larger group of purchasers who would not be able to make the sizable down payment.

Advantageous Tax Situation:

Dubai’s tax structure, which is renowned for its low tax rate applied to real estate investments, does not exclude the real estate industry. Real estate investors in Dubai make the most money without having to pay stamp duty or purchase property taxes.

Popular Places for All Lifestyles:

In Dubai real estate, location is still a crucial factor that may significantly impact the return on investment, whether it is next to a beach, in the heart of the city, or isolated in a serene desert.

When evaluating the market, one should also take into account other aspects including size, quality, cost of upkeep, interest rates, accessibility to transportation and schools, and market circumstances at the time of purchase.

Desirable and Safe:

In addition to being a major financial hub and hub for international trade, Dubai is home to over 200 different nationalities, with over 80% of its population being made up of foreign workers and expatriates. This makes Dubai a true melting pot where anyone is welcome to call the city home.

With happy communities prospering in a peaceful civic environment, Dubai is one of the safest and most tolerant cities in the world; therefore your investment is secure there.

One of the main reasons Dubai is the ideal location to launch and expand your business is the widespread trust that the city, market, and economy have on a worldwide scale.

The post How to Invest in Dubai? appeared first on .

Complying with the law: Preparing and Endorsing a Sale and Purchase Contract

Getting the developer to sign a No Objection Certificate going to the Registrar Office to transfer ownership

Each of them will be covered in more depth below.

Legal Due Diligence: To ensure that the property is owned by the seller or developer and is free of mortgages, liens, or other charges, the buyer should ask the seller or developer to accompany him to the Dubai Land Department (DLD) or to grant him a power of attorney to inquire about the property.

Drafting and Signing a Sale and buy Agreement: Before signing the sale and buy agreement, it is crucial to check the property, if it has been finished. The parties to the contract must utilise the standard form of sale contract (Form F), but they are free to modify or attach their own terms and conditions as long as they don’t contradict with the form’s requirements. A broker must additionally sign the DLD’s standard form for the appointment of real estate brokers if they are representing a party in the sale transaction.

Getting a No Objection Certificate from the Developer: In order to confirm that the seller has paid all service charges associated with the property you are buying and that there are no violations of any applicable laws pertaining to jointly-owned properties, you must obtain a No Objection Certificate (“NOC”) from the project developer (if there isn’t an owners association).

The developer has the right to impose an AED 500 administrative fee on the NOC.

Going to the Registrar’s Office to complete the ownership transfer:

The DLD receives assistance from many licensed trustee offices in order to perform its property registration duties. After verifying that the seller and buyer have submitted all necessary paperwork, the trustee office registrar inputs the information into a computer connected to the Land and Property Department. A new title deed in the buyer’s name will be issued when the Land Department receives online approval. If all parties send in their paperwork on time and in order, transfers will be completed the same day.

Dubai’s Property Purchasing Process:

This is a very basic rundown of the purchasing procedure; for a more thorough understanding, speak with your agent:

The Offer: You submit an offer as soon as you locate the house of your dreams. You and the seller will sign a “Memorandum of Understanding” (MOU) if that offer is accepted. This is a contract to enter into a “Sale and Purchase Agreement,” or SPA. This rather antiquated procedure was developed to circumvent the problem that developers frequently issue SPAs.

The Deposit: 10% of the whole purchase price is often paid to the seller together with your signature on the MOU, which was created by your agent. Ensure that the MOU clearly outlines what will and won’t happen to the deposits (a lot of MOUs don’t specify when either the seller or you will lose their deposit). Generally, you forfeit your money if you sign the MOU and then decide to back out of the agreement or postpone it. Note: Before signing, confirm that you are able to fulfil the transfer date and final payment (for example, if your purchase depends on you selling a property, this information must be included in the MOU).

The Finance: The buyer’s bank will determine the property’s worth if they want to use financing. They will start processing the payments if they determine it is worth the amount they have committed to lend. Finance transactions take longer than cash transactions, and money advances from banks might take up to 30 days. This procedure might take a total of sixty days if the seller is under mortgage.

The Transfer: Upon receipt of the funds, the seller receives a “No Objection Certificate” (NOC) from the developer attesting to the fact that the developer has approved the transfer and the seller has paid all outstanding fees. The Parties sign the SPA (banks may also be present), and if financing is not available, the money is turned over. If financing is being utilised at this point, the bank will only provide a “Comfort Letter” indicating that they would make the payment when the developer signs the SPA. The buyer gets registered as the new owner once the developer signs the SPA, which should take a few days.To release the remaining cash, the developer or seller brings a copy of the comfort letter and the SPA to the bank.

General Advice:

1. The property owner must appear before the Registrar at the Dubai Land Department (Trustee offices) either in person or through a representative operating under a properly documented power of attorney.

2. For corporations, evidence of all authorised individuals purchasing or selling real estate on the company’s behalf must be provided in the form of a partners’ resolution, a power of attorney, or properly documented corporate documentation.

3. Documents in other languages need to be certified translations into Arabic and authenticated.

4. Real estate transactions are required to be registered within 60 days of the date the sale and purchase contract (or any other written contract) is signed. Failure to do so may result in a fine in addition to the registration expenses.

5. Any modification to the company’s shareholders’ equity that results in the ownership of real estate in Dubai is deemed a transfer of the property, necessitating notice to the Dubai Land Department (DLD) and payment of any relevant costs.

6. Although foreign corporations are not permitted to directly hold real estate in Dubai, they are permitted to do so by setting up subsidiaries in free zones like the Dubai Multi Commodities Centre (DMCC) and Jebel Ali Free Zone (JAFZA).

7. If any of the businesses’ shareholders is a corporation formed and registered in a foreign jurisdiction, it is crucial to contact the Dubai Land Department (DLD) and get their prior permission of the planned transaction structure and the buyer’s papers.

8. Avoid doing business with real estate brokers who aren’t RERA registered.

The post How to Invest or Buy Property in Dubai, UAE appeared first on .

Just about two years ago, our portfolio was worth roughly $5 billion. We’ve increased that to $10 billion, which is virtually under construction or has already been delivered, Mahdi Amjad told The National in an interview.

And we intend to increase that figure significantly over the next two years to $15 billion through a combination of residential, hotel, and commercial property.

Omniyat, which was created in 2005, is working on a variety of premium projects in Palm Jumeirah and Business Bay, including The Lana, Dorchester Collection, Ava, and Dorchester Collection at the Palm.

As part of its ongoing portfolio expansion, it just bought a new waterfront property called Marasi Bay Marina from Dubai Holding.

On Tuesday, it unveiled Orla Infinity, the latest addition to the $2 billion Orla portfolio, at Palm Jumeirah, and plans to debut another project in Downtown Dubai by the end of the year. Orla Infinity will have 20 duplex apartments.

According to Mr Amjad, Omniyat’s founder, the business intends to fund projects using a mix of loan and equity.

Omniyat has always had a strong investment side, and we do a lot of private equity at every project level to ensure that [the project]… is properly financed, and that has been our approach for more than 15 years, he added.

We also collaborate with the local financial community.

We have a very clear policy about ensuring that the project is fully paid before we begin building so that there is no disruption regardless of sales cycles.

The housing market in Dubai has recovered significantly from the coronavirus-induced slump, aided by government programmes such as residence permits for retired and distant workers and the expansion of the 10-year golden visa scheme.

According to Knight Frank, the total number of $10 million house sales in Dubai for the first nine months of the year increased 40.7 percent to a new high of 277, driven by surging demand for luxury residences in the emirate.

In the third quarter of 2023, the emirate had a 40.7 percent yearly increase in the amount of home transactions valued at more than $10 million.

According to the research, the volume of residences valued at more than $10 million in Dubai, the Middle East’s economic and tourism hub, was more than $1.59 billion between July and September.

With 189 transactions in the first half of the year, Dubai emerged as one of the world’s busiest marketplaces for sales of more over $10 million. It outranked other major cities such as New York (125), Hong Kong (109), London (99), Los Angeles (77), and Singapore (67).

Omniyat’s sales increased by about 70% in the first nine months of 2023 compared to the same time previous year, with consumers from Western Europe, North America, and Asia purchasing property. It anticipates a 70% yearly increase in home sales for the whole year due to increased buyer demand.

However, the corporation did not disclose the overall value of sales.

Mr Amjad believes the fourth quarter will be a great one for the company. We’ve already witnessed great progress, and the prospects for next year look promising.

He also stated that “sophisticated investors” have increased their desire to purchase a home in Dubai.

These worldwide sophisticated investors, many of whom are visiting Dubai for the first time, see Dubai as a location for a first or second home and are involved in property purchases, a trend that has begun to accelerate post-Covid.

According to a research, global high-net-worth people want to spend $2.5 billion on Dubai real estate this year.

According to another Knight Frank analysis, Dubai’s luxury residential market is expected to rise at the fastest pace of any prime market globally, at 13.5 percent in 2023, driven by a demand-supply mismatch and good economic development.

He also stated that Dubai’s pricing remain cheap in comparison to other cities such as London, New York, Singapore, and Hong Kong, which would draw more clients to the emirate.

The firm has no intentions to list its shares on local stock exchanges, but is examining various public market possibilities with authorities to see what is the best model to continue to support our growth, he added without elaborating.

He also stated that Dubai’s pricing remain cheap in comparison to other cities such as London, New York, Singapore, and Hong Kong, which would draw more clients to the emirate.

He stated that the firm has no intentions to list its shares on local stock exchanges, but is evaluating different options on the public market with regulators to see what is the right model to continue to support our growth.

The post Omniyat, based in Dubai, plans to increase its property portfolio to $15 billion over the next two years. appeared first on .

According to CBRE Group Inc., the pace of growth in rent is finally slowing down in some of the city’s most sought-after neighbourhoods, even if prices are still rising at startling rates. After an inflow of immigrants to the financial and economic heart of the Middle East, rents have risen to record levels.

As to the real estate adviser, the average rental rate increased by 20.6% for the year that ended in September. This gain was somewhat less than the 21.7% recorded a month prior. The average leases for villas and apartments increased by 20.1% and 20.7%, respectively, throughout this time.

Villa rental rates hit a record high of 322,750 dirhams ($87,870) a year in September. While supply is limited, so prices will probably grow even higher, but not as quickly as they have, predicts Taimur Khan, head of research at CBRE. According to him, the main causes of that include renters avoiding price hikes by relocating to the outskirts of the city or suing to overturn eviction notices.

“The rate of rental growth has decreased every month so far this year, even though demand is still high,” Khan stated. “Several residential communities have seen a decrease in rental rates due to landlords who were ahead of the market being compelled to lower their asking prices,”

In places like the artificial island of Palm Jumeirah and the residential complexes around the tallest structure in the world, Downtown, rents are beginning to decline. As per CBRE, asking rental prices are declining in well-known districts like Business Bay and Dubai Marina. According to the report, last month’s average flat rental was 108,606 dirhams, the same as it was in 2017.

Simultaneously, September saw an 8.3% decrease in property transactions compared to the same month last year, mostly because of a 42% decline in off-plan purchases as new developments sold out and developers ran out of stock. Existing-home sales increased by 30.5%.

The supply and demand for mortgages are undoubtedly softening, according to Samy Chaar, chief economist of Banque Lombard Odier & Cie SA. While rents and prices are close to record highs, the increase in interest rates is slowing down a little when it comes to transactions and bank loans.

The post The Record Rental Boom in Dubai is Gradually Beginning to Abate. appeared first on .

These trustworthy professionals can help you navigate the ever-changing real estate market and open up a world of possibilities for investing in opulent condos, elegant villas, and profitable business properties. Accept Dubai’s cosmopolitan appeal and use the knowledge of the best real estate brokers there to guide your decisions.

The BurjKhalifa, the tallest structure in the world, is backed by some of the best sporting, shopping and entertainment facilities anywhere, making the city a global playground for the elite.

Discover the fascination of residing in Dubai, a city that welcomes expatriates from all over the world. In Dubai, the procedure of buying a house is comparable to that in the UK, where purchasers can look at various houses and submit offers through dependable brokers. Discover out if this cosmopolitan centre offers you the chance to discover your ideal property.

Off-the-plan acquisitions are common, but buyers should exercise caution to ensure the seller has all the financial and legal authorizations before selling the home. Buyers can deposit any necessary funds with the Dubai Land Department of the government prior to the project’s completion.

Foreigners are subject to restrictions. In the United Arab Emirates, there are two different legal systems. Laws in Dubai’s federal and emirate levels forbid foreigners from owning some types of property or dwelling in particular areas.

Digital Properties

Rather than being a real estate agency, Digital Properties is the largest property search engine in the Middle East, especially in Dubai.

The Dubai site compiles hundreds of homes and other properties into a single, simple-to-search app using listings from nearly every Dubai real estate company.

Fam Properties

One of the most dynamic real estate markets in the world is in Dubai. Prices have fluctuated greatly in recent years, which has affected both buyers and sellers. The market leader in Dubai for real estate and properties is Fam Properties.

For homebuyers, tenants, and landlords, the website provides assistance in real estate searches.

The main office is open every day but Friday and is located in Jumeriah. The key neighbourhoods are covered by satellite offices. For keeping up with the market, scheduling viewings, and property hunting, Fam Properties also has a smartphone app.

Fam Properties covers the majority of the real estate markets, from raw land to buy-to-let investments.

D&B Properties

D&B Properties has been in business for at least ten years in Dubai and adamantly demands to be counted among the most well-liked brokers there. The brokerage began as experts in the off-plan market and developed into a multi-property market organisation.

Marketing for family villas, vacation houses, office complexes, and portfolio management are among the specialties.

Provident Real Estate

For all property and real estate transactions, turn to Provident Real Estate. That includes buying, selling, and investing in real estate. One of the more established real estate agents is Provident, which began operations in 2008 with just two employees. Currently, that business has expanded into a multi-branch brokerage that serves Dubai exclusively.

Driven Properties

A specialised off-plan real estate brokerage is called Driven Properties. The company collaborates with several of Dubai’s largest developers and keeps an extensive and current inventory of off-the-plan apartments and villas. Investors can also use the management services of Driven Properties. Driven Properties offers relocation and financing assistance to foreigners, much like many other agents do.

The post Top 5 Real Estate Websites In Dubai appeared first on .

• A Bank Account can be opened.
• You can apply for a personal or auto loan from a bank.
• Several nations are accessible to you without a visa
• You may obtain a driver’s licence;
• Your kids can attend public or private schools;
• You have access to government health services and health insurance.

To be eligible for a residence visa for the UAE, you must fulfil a number of requirements, such as obtaining employment or making an investment in one of the emirates.

Who may apply for a UAE residence visa?

To be eligible for a UAE Residence Visa, you must fall into one of the following categories:

• You will work in the UAE, either for a government agency or for a private enterprise.
• You will study at a UAE educational institution
• You are a dependant of a UAE citizen or foreign resident (child, parent, maid, or close family)
• You have made investments in the UAE
• You have acquired properties in the UAE

Types of UAE Residence Visas

The sorts of UAE residence visas are classified according to the purpose of your trip. As a result, there is:

• UAE Work Visa, given to foreigners who have found work in the UAE and secured a Work Permit.
• UAE Student Visa, which is granted to foreign nationals admitted into a UAE educational institution.
• UAE Family Visa, which is granted to close relatives of UAE nationals or international residents.
• The UAE Investment Visa (long-term residency) is granted to foreign nationals who make a significant investment in the UAE. This visa is valid for a longer period of time than other types of resident visas (up to 10 years).
• The UAE Retirement Visa, which is granted to older foreigners who choose to retire in the UAE and have the appropriate financial resources.
• Work Remotely from Dubai programme, which is available to prospective freelancers who wish to work remotely in Dubai.
• What are the prerequisites for obtaining a UAE residence visa?

When applying for a UAE Residence Visa, you must have a number of supporting papers, including:

• The UAE Visa Application Form, which may be downloaded online or at a typing centre.
• Your original passport
• Two passport-sized photographs in accordance with UAE visa photo criteria
• Your visa for entrance.
• Evidence of your sponsor’s legal residency / UAE citizenship • Evidence that you have completed a medical fitness test.
• Evidence of UAE health insurance coverage.

When trying for family visas, provide proof of family ties, like birth/marriage certificates.

For a work visa, your sponsor must submit a work contract as well as copies of the company’s valid trade licence and valid firm card. • Any other papers connected to your trip purpose.

• UAE Work Visa
• UAE Family Visa
• UAE Student Visa • UAE Investment Visa • UAE Retirement Visa *All foreign nationals who wish to live in the UAE on a Residence Visa must pass a medical exam to demonstrate their fitness.

Application for a UAE Resident Visa

You must apply for a Residence Visa once you have arrived in the UAE, which means you must first come with an entrance permission. Furthermore, like with the entrance permit, you cannot apply for your own resident visa: you must have a sponsor, such as your employer, spouse, or others, apply on your behalf.

Who is eligible to apply for a resident visa in the UAE?

A Residence Visa may only be obtained through a sponsor. In some situations, though, you may be your own sponsor. Your employer is your sponsor for a UAE Work Visa; your school is your sponsor for a UAE Student Visa; and your family member is your sponsor for a UAE Family Visa.

If you are an investor or buy property in the UAE, you can apply yourself and your company/property serves as sponsorship

How Do I Get a UAE Resident Visa?

First, your sponsor must get an Entry Permit for you at one of the following locations:

• The National Identification and Citizen Authorities
• The ICA’s eChanel site
• Apple and Android mobile applications
• The General Directorate of Residency and Foreigners Affairs – GDRFA can be contacted either online (see links below) or in person. If the recipient applies in person, they must do so through one of the GDRFA’s licenced typing centres in each Emirate or any of the Amer centres in Dubai.

Once you arrive in the country, your sponsor must apply for your Residence Visa at the applicable emirate’s General Directorate of Residency and Foreigners Affairs (GDRFA).

They will also pay a UAE Residence Visa cost at the time of application, depending on the validity of your visa.

When your application is granted, the GDRFA will stamp your passport with a Residence Visa and provide you an Emirates ID that is valid for the same period as the visa.

The GDRFA’s webpages in each emirate:

• Abu Dhabi
• Dubai (Also see Amer, an online portal where Dubai citizens and residents may apply for family reunion and tourists may extend their Visa On Arrival.)
• Sharjah
• Ajman
• Ras Al Khaimah
• Fujairah

Fees for UAE residency visas

The costs for a UAE Residence Visa vary based on the period of your visa. The UAE Residence Visa price is AED100 for one year.

You will also have to pay a processing fee, which varies depending on where you apply and can vary from AED70 if you apply in person to AED40 if you apply online.

Please bear in mind that visa fees are subject to vary, and you will also be required to pay additional expenses for medical tests and health insurance.

The distinction between an entry permit and a residence visa in the UAE

The distinction between an Entry Permit and a Residence Visa for the UAE is as the name implies:

The Entry Permit permits the bearer to enter the UAE for a set period of time (typically up to three months). Entrance permits are provided based on the reason for your visit. A UAE Tourist Visa, for example, is entrance permission for tourism reasons.

Before you may enter the UAE, your sponsor must apply for your entrance permit. Your sponsor may apply for your resident visa once you are in the country on an entrance permit.

Furthermore, certain nationalities do not require or can get entrance permission upon arrival. Basically, if you are not need to obtain a UAE Tourist Visa, you do not need to obtain entrance permission because the two are nearly identical.

See who is excluded and how to apply for a UAE Entry Permit (UAE Visa).

The Residence Visa entitles the holder to long-term residency in the UAE. After you enter the country, your sponsor must apply to the applicable visa-issuing authorities for your resident visa, as mentioned above.

How long can I stay in the UAE with a residence visa?

The duration of your UAE Residence Visa is determined by the purpose of your trip: they are given for one, two, or three years and may be renewed.
Investment or retirement visas, on the other hand, are given for 5-10 years and are renewable.

Getting a UAE Residence Visa Renewal Once It Expired

Your sponsor must renew your Residence Visa within 30 days of its expiration date.
However, if you are inside the UAE resident visa expiration grace period, your sponsor may renew your visa after it has expired.

The method for renewing your UAE resident visa is the same as it was when you initially received it: your sponsor must apply at the General Directorate of Residency and Foreigners Affairs in the appropriate emirate.

What is the grace period for the UAE Residence Visa?

The UAE government provide expats with a 30-day grace period beginning when their entry permit ends. This implies that even if your visa has expired, you can stay for another 30 days; but, if you do not obtain a visa renewal by that time, you must leave the country and re-enter using an entrance permit.

If you overstay, you will be penalised for each additional day.

Overstay fee for UAE Residence Visa.

Overstaying your UAE Residence Visa will result in the following fees:

• AED 25 per day for the first six months (180 days)
• AED 50 per day for the second six months (180 days)
• AED 100 per day for each day that follows the first year.
• UAE visa renewal for widows and divorced women.
• The UAE government announced a new immigration law in October 2018 that permits widowed and divorced women who are UAE citizens to stay in the nation unaccompanied for a year beginning with the date of their spouses’ demise or their divorce. The new regulation also applies to the women’s offspring, if any.
• The ladies and/or children must have been travelling on the husband’s visa at the time of his passing or divorce and their passports must still be in effect at the time they apply in order to be eligible. They can submit the following to the GDRFA in order to apply:
• Evidence of divorce or death, when appropriate.
• The Emirates ID card, housing documentation, evidence of the woman’s ability to support herself financially, and medical clearance documents

There can only be one extension for this kind of visa.

What Takes Place If I Travel Outside The UAE For More Than Six Months? (Rules for UAE Re-Entry)

If you have residence permission and are residing in the UAE, it becomes invalid if you leave the country for more than six months. You cannot enter the nation again without asking for another permit. In this situation, your sponsor may submit another application for a residence permit on your behalf.

The Golden Visa holders and their family members (10-year visa holders) are free from the six-month residency requirement.

• Government employees who are stationed overseas for work or medical reasons.

• Investors who fall within a permitted categorization for residency.

• The spouse of an Emirati national who is supported by her spouse.

• Individuals who are supported by UAE embassies or consulates.

• Foreign-enrolled international students (if they reside in Dubai).

• Domestic workers who travel with their employers abroad.

How can I apply for a visa to live in Dubai?

The country of the United Arab Emirates (UAE) is made up of seven emirates, including Dubai.

Because of this, the procedure for obtaining a Dubai residence visa is the same as it is for any other emirate in the United Arab Emirates (as stated above).

You need a sponsor in Dubai in order to invest or purchase property there. Then, at one of the authorised typing locations of the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai or an Amer centre, your sponsor must submit an application for your admission permit and resident visa.

The post How to Get UAE Residence Visa? appeared first on .

As Saudi Arabia executes a sizable property event, Cityscape Global 2023 is providing a free house, bank loans, and more.

Cityscape Global callers in Saudi Arabia will have the chance to win a free home, cash prizes, bank loans and further. From September 10 to 13, in Riyadh, Saudi Arabia will host Cityscape Global, patronized by the Ministry of Municipal, Rural Affairs and Housing and organised by Tahaluf, under the theme Future of Living  in Riyadh Exhibition and Convention Centre. Attendees from further than 170 countries are flying into Cityscape Global, while hundreds of transnational inventors and further than 20 countries will be showcasing their real estate systems.

Cityscape Global 2023

The exhibition will draw homebuyers, investors, real estate formulators, engineers, introducers, investment finances, insurance companies, homeowners, and all those with an interest in real estate. The exhibition will give away free homes, bank loans, and exclusive backing offers from top real estate formulators. With program- leading stages across the exhibition, several main conferences, stages, and motifs will be delivered throughout the event, including

• AI in real estate
• request shifts
• Environmental sustainability
• The future of artificial parcels in Saudi Arabia
• Civic planning Saudi citizens will have the occasion to enter a prize draw to win a free home at Cityscape Global, all by attending with their free ticket.

This life- changing occasion is announced as a huge prize to celebrate the event’s first flagship edition in Saudi Arabia. Prizes can also be won in the groundbreaking Roshn Hackathon. The hackathon is adapted to the Kingdom of Saudi Arabia’s real estate and technology industriousness, allowing actors to unite with professional formulators, creative introducers, and tech experts to develop new results aligned with safety, equity, and quality that will enhance the real estate sector. The Hackathon falls into two tracks First for Startups and the other for new and innovative ideas. The first track awards a total of SR 500,000, with SR 350,000 going to the first- place winner and SR 150,000 going to alternate place. On the other hand, the alternate track awards a total of SR 500,000, with the first- place winner entering SR 350,000 and alternate place entering SR 150,000.

The Roshn Hackathon is set to take place from September 10 to 12, with the ending form on September 13. prophet for the Ministry of Municipal and Rural Affairs and Housing Saif Alswailem, said “ We are pleased to host this exceptional edition of the Cityscape Global, as we anticipate bringing together settlers, specialists, investors, and suckers to bat the future of the sedulity, promote invention in design and architecture, and open an occasion to find parcels and the future of living ”. Cityscape Global is an occasion for masterminds, communal planning experts, counsels, representatives of investment agencies, profitable agencies, and cosmopolises, to bandy and stay up on the bottommost sedulity’s developments and to form new collaborations on a original, indigenous, and global scale.

The post Get a free house, bank loans, and cash at the Saudi property expo with Cityscape Global 2023. appeared first on .

Demand for’ physical’ services rises sprucely at UAE free zones as duty rules come clear.

Dubai Free zones in the UAE are buttressing their status as the go- to places for new businesses – both domestic and those coming by from overseas – with further clarity available on commercial duty impulses ‘designated’ zones can give to tenants. The UAE’s duty authorities have made it clear that businesses grounded in qualifying free zones get to have 0 per cent duty rate, handed certain crucial conditions are met.

Advertisements by Indeed else, free zones have been drawing heavy interest in the time- to- date, especially with new businesses to the UAE seeking office space. In fact, demand for marketable space in free zones was the first to carry a strong recovery, while those grounded in the landmass has been playing catch up in recent weeks. It’s the same whether it’s demand for space at Jebel Ali Free Zone (presently witnessing another round of expansion), DWTC, the DMCC mecca, Kezad in Abu Dhabi, or DIFC.

At the launch of the time, there had been some enterprise that new/ living businesses would take a delay- and- see approach on whether they should conclude for a free zone base or conclude for the landmass license. This had to do with the preface of the UAE’s commercial duty, and business possessors want to know what kind of advantages a free zone presence would give them. More specifically, what would exempt them from the 0 per cent duty rate.

The post Free Zones in UAE will lead the way in luring New Companies as Tax Regulations to become Transparent. appeared first on .