Recently, foreigners wishing to apply for a long-term visa for 10 years can do this by enlisting the support of a developer when buying real estate in the amount of 2 million AED ($544.500). This practice appeared after the developer Danube Properties offered a new initiative to its clients after the launch of the Gemz project.
Industry experts claim that this option of cooperation will greatly simplify the life of customers and attract more investors from abroad. From now on, obtaining a long-term residence permit is now a simple and understandable matter.
The CEO of Samana Developers, Imran Farooq, said that the entire process from applying for and obtaining a visa takes less than two weeks, and all processing fees are paid by the developer.
After the client has decided on the choice of the object, he needs to transfer money through escrow. All aspects, including registration of ownership rights and application for a resident visa, are taken over by the developer. To complete the process, the applicant must submit documents, including proof of investment and their passport details.
