Saturday 21 April 2018

No residency visa needed to buy property in Sharjah | ZAWYA MENA Edition

No residency visa needed to buy property in Sharjah | ZAWYA MENA Edition:

"In a game-changing development in the real estate market, non-Arabs will no longer need a UAE residence visa to purchase a property in Sharjah. It was in 2014 that Sharjah government opened its realty market to foreign investment by allowing expatriates to buy property with the rider of a mandatory UAE residence visa.

Back then only certain areas were earmarked for investment. Tilal Properties, a joint venture between the government's investment arm Sharjah Asset Management and Eskan Real Estate Development, was the first entity to offer expatriates leases of up to 100 years with its Tilal City project.

Tilal Properties director general Khalifa Al Shaibani in an exclusive chat with Khaleej Times said as per the government's new legislation foreign investors need not have a UAE residence visa to buy property in Tilal City."



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