UAE approves law granting residency to retired property investors | Reuters:
The United Arab Emirates government approved on Sunday a law that allows expatriates to stay in the country after retirement if they own a property valued about $545,000.
Current legislation provides for expatriates to leave when they reach the retirement age, between 60 and 65 years depending on the employer.
The new law could help prop up the real estate market of Dubai, the federation’s second-largest and second-wealthiest emirate, after oil-rich Abu Dhabi.
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