Som@li Posted April 21, 2007 Expats are offered a wide range of property around the emirates. Buying property in the country By Bassma Al Jandaly, Staff Reporter Dubai: Expatriates can purchase an apartment, villa or a plot of land in Abu Dhabi, Dubai, Ajman, Ras Al Khaimah, Umm Al Quwain and get a three-year residency permit. But they will own the property for only 99 years and the land purchase is only allowed in certain areas of the emirates. Sharjah also allows expatriates to invest in land, villa or an apartment for a maximum 99 years, but will not issue a residency visa. The residency visa has to be renewed after three years and can be obtained from the residency department at the emirate from which the expatriate purchased the property. The sponsor of the expatriate property owner will be the national property development company from which he or she bought the property. Buying Property in UAE--Gulf News Quote Share this post Link to post Share on other sites
