UAE to issue multiple-entry visas for property owners

The United Arab Emirates will begin shortly begin issuing multiple-entry visas to foreign property owners.

From June 1 2009 an expatriate owning a property in the UAE will be able to obtain a multiple-entry visa that will be valid for six months.

A visa will cost AED 2000 and can be renewed provided the property owner leaves the UAE for at least one month.

Conditions include:

• The property must be worth at least AED 1 million
• The owner must have a monthly income of at least AED 10,000
• The owner must obtain the title of the property from the registration authority in the relevant emirate.

The visa does not give the holder the right to work.

Tags: Real Estate, Visas