Dubai Free hold properties ..

Right , so I have heard that there a new law has been implemented , that property owners will have to get an exit stamp every six months :eek:

and … that all owners of properties will have to get their work visa cancelled and be on the property visa?

How true is that :hmmm:

On the 14th of March 2006, Dubai’s government issued a law legalising foreign ownership of properties in designated areas of Dubai (article), but doesnt give property owners permanent residence visas or an automatic right to work in Dubai (article).

More info here:
History of Freehold Property in the United Arab Emirates [Dubai] - Property Articles & Information - TEN Real Estate [UAE]

Re: Dubai Free hold properties ..

Thanks Mirch, someone just sent me a link which clarifies the new law that has come out yesterday.

Khaleej Times Online - UAE Property Owners Must Exit to Renew Visa=

Re: Dubai Free hold properties ..

Sweet, this means a vacation in US/UK/Swiss every 6 months.

Re: Dubai Free hold properties ..

LOL this 6 month thing is already there? Nothing new and trust me I know because we own at least 7 properties in Dubai including the house we live in. Anything new and stuff I will ask dad.