What is the stipulation for the process to acquire residence in Dubai? Is it easy to acquire residency as an expatriate? These are the questions which would be answered briefly in this article.
The first step towards purchasing property in the United Arab Emirates is to obtain a UAE national ID card. This card contains your personal data like your name. Nationality and passport if you have one, and a permanent resident card containing your permanent address in the country. This card is valid for three years. Once you get your permanent resident card, you can visit the Dorchester Collection Dubai, but you cannot work or live there for the next three years.
The second step towards getting your residence in the United Arab Emirates is to submit your application for a visa. A visa is a visitor card that lets you enter the country for a limited time. There are different types of visas available to residents of various countries. Once your application for a visa is approved, you can stay in the country for up to a year.
The third and final step in this process is to purchase a property in Dubai.
If you have an existing property, this will facilitate the process of you obtaining your residency in the country. You can choose from any property you wish to purchase. You just need to mention the reason why you wish to purchase a property in Dubai on your application form.
Once you obtain a UAE national ID card and you have purchase a property in Dubai, you can rent this property. But you should check first if the property you have purchased has a lease agreement. A lease agreement is a contract between a property. Owner and a tenant that covers the payment schedule, duration of the contract and other important factors. If you have purchased an apartment, you will have to get a lease agreement from the owners. If you have already obtained a residence. You will only have to obtain a landlord’s permit and apply for a lease agreement.
After receiving your residence permit, you can start looking for property in Dubai.
You can visit online websites of realtors or you can personally look for a property in Dubai. A real estate agent can assist you in this process Peninsula Business bay. They can also help you obtain necessary documents and prepare your papers for Dubai immigration.
The last but not the least thing is the process of clearing your property from an existing occupant. The law in Dubai stipulates. That if an occupant moves out before you have bought a property, you cannot take possession of it. This means that the process of acquiring a resident visa and clearing the leasehold period will become longer. However, it is possible for you to obtain possession of the property earlier than planned. If you are prepared to spend some extra time. But if you want to avoid all these hassles, you should purchase. A property in Dubai before getting yourself registered as a resident of the country.
Although there are a lot of benefits in purchasing property in Dubai, some of them may be difficult to handle. That is why it is still better to consult an experienced attorney before making any big investment. He will be able to guide you well in dealing with all the issues related to purchase of property in Dubai.
One of the biggest issues about purchase of property in Dubai is the legal procedure involved in it.
You will have to get a resident visa before being able to purchase property here. But this process can take some time depending on the kind of procedure you choose. Some of the popular ones include sponsorship by a UAE national or purchase through loan or a nominee. If you do not qualify for any of these options, you should expect to spend a lot of time waiting for your application to get approved.
Before making a final decision, you should know the rules about foreign property ownership in Dubai. In the case of acquisition of a residential unit through loan, you will have to pay a certain fee as commission to the real estate agent. Similarly, the purchase of plots in the city is subject to the rules of the country where they are located. So, make sure you understand the regulations of the country where you wish to purchase a unit.
Other than knowing the right procedure to follow, you will also need to understand the different laws that apply in each country. So, before purchasing property in Dubai, you should make an effort to research and study the different laws that govern the country you wish to invest in. If you do not want to take much time researching, then consider hiring a UAE real estate agent who will help you get residency when you buy or sell your property fast.