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UAE to offer long-term visa schemes to rich and educated foreigners

The rules approved by the cabinet offer five-year residency to owners of UAE real estate worth at least $1.4 million

Until now, visas for foreigners to live in the Arab world’s second biggest economy have generally  been valid for only a few years
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Until now, visas for foreigners to live in the Arab world’s second biggest economy have generally been valid for only a few years

Andrew Torchia | Reuters Dubai
The United Arab Emirates will offer long-term visas to rich property investors, senior scientists and entrepreneurs in an effort to support its economy and real estate market, which have been hurt by low oil prices.

Until now, visas for foreigners to live in the Arab world’s second biggest economy have generally been valid for only a few years, and have depended on the main visa holder in each family remaining employed. The government said in May it planned to ease that policy.

Detailed rules approved by the cabinet on Saturday offer five-year residency to owners of UAE real estate worth at least

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