Wasn't issuing resident visas the plan all along? I thought the plan was so that the people with money can come to Dubai, and live in Dubai spending lots of money in the process. Is this just for Pakistanis, or everyone?
That was the initial plan and they lured a lot of people into investing in the UAE using that as an argument.
What does the property developer have to lose if the owner has a visa or not? I don't understand the politics behind all this.
It's not the property developers who used to issue those visas. It was the government. Now the government has decided to stop issuing those "property visas". Don't ask me why, I don't know.
Those investors are furious now of course and when they go and complain to the property developers, they are directed to those clauses in their contracts that say "Subject to Government approval". Therefore the developer has no legal obligation to fight for those visas.