I recently purchased a two-bedroom apartment. The bank’s valuation of the property was above Dh1 million, while the final price at transfer was Dh850,000. Am I still eligible for a Dubai residency visa by way of property ownership? AA, India
The figure that is considered for a property residency visa is the one lodged with the Dubai Land Department and this must be for a minimum of Dh1 million. There is no room for negotiation on this figure. In this situation AA is not eligible to apply for a property-related residency visa.
Can you tell me how many days are required for the issuance of an employment visa? I have been waiting a few weeks. AM, Pakistan
This is a common question but there is not a simple answer.
AM is referring to the employment/residency visa that is required to work legally in the UAE.
It depends on the circumstances; the company making the request, the type of company and the nature of their work, whether all the paperwork is submitted properly, public holidays, a clear medical examination and how urgently the employer requests it.
It has been known for a visa, plus Emirates Identity Card, to be processed in just a few days but it is more common for it to take between two and three weeks.
Keren Bobker is an independent financial adviser with Holborn Assets in Dubai, with over 20 years’ experience. Contact her at firstname.lastname@example.org. Follow her on Twitter at @FinancialUAE.
The advice provided in our columns does not constitute legal advice and is provided for information only.
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