some questions
I have some questions that i hope some of you will able to help me with. thankyou in advance for any help.
1. Residency visas. I understand that this is tied to purchasing a property.
I have heard that it only applies if you pay the asking price for a property. is this correct?
What if you buy a resell?
What if you dont buy from one of the government owned developers/
2. Will they unpeg from the US dollar? If they do this they will straight away make purchasing Dubai real estate much more expensive. The AED is artificially low against most currencies whilst it is pegged to the USD. This makes the real estate prices in Dubai bearable for most multinational companies. If the AED is allowed to appreciated say 20% against the other currencies this will translate to an instant 20% price increase. Will they take the risk? Doing so might be the tipping point for many would be investors.
3. property dimensions. What is included in the property dimensions. eg a 350sqm villa- does it include the terrace (covered or uncovered) garage?
Thanks to those who reply
|