Emaar to Offer Buyers 10-Year Visas in Some New Projects: Bayan - Bloomberg

Emaar to Offer Buyers 10-Year Visas in Some New Projects: Bayan - Bloomberg:

Dubai’s Emaar Properties PJSC, the developer of the world’s tallest skyscraper, will offer 10-year investor visas to buyers in six residential projects under development, Al Bayan newspaper reported, citing people familiar with the matter.

The visa incentive, offered to buyers and their families, is part of a stimulus package announced by the United Arab Emirates in June to attract more investors, the people said, according to the government-backed newspaper.

Projects in the plan include those in Dubai Creek Harbour and Downtown Dubai. Emaar will also pay half of the 4 percent property registration fee and will offer a three-year payment plan that starts after handover, Al Bayan said.