UAE extends property investor visa to 3 years

The UAE federal government has extended visa for real estate investors from six months to three years. This decision was taken by the Federal Cabinet on Tuesday in a meeting in Abu Dhabi. "The government took a raft of measures as part of its efforts to underpin economic growth within its strategic plan 2011-2013, including extension of visa for real estate investors to three years instead of six months," Wam said. People familiar with the matter told Emirates 24/7 that the discussion about extension of the property visa was held one and half months back and a number of issues were discussed. The source added that nothing has been decided on lowering the property valuation...