Dubai: The developer of the Al Hamra project in Ras Al Kahimah - one of the UAE s first freehold projects - is offering 12-year residency and a business license to property investors. This is being done in alliance with Ras Al Khaimah Economic Zone.
Investors who buy a ready-to-move-in seafront or golf course view home in Al Hamra Village or Bab Al Bahr get to have this value-added facility. There will also be an additional partner visa as part of the offer. (More than 38,000 companies are currently licensed to operate in the emirate.)
Visa tie-ins could be the next big thing in UAE s real estate space, as developers prepare/adjust their strategies for a post-COVID-19 investment landscape. It will be interesting to see whether other master-developers in the emirate will come up with their own such programmes.
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Real estate developer Al Hamra is offering investors a 12-year residence visa and a business licence when they purchase a ready residential property in Al Hamra Village or Bab Al Bahr.
These are two of its master communities in Ras Al Khaimah.
As part of the package, investors can also secure an additional partner visa and a flexi-desk. Other benefits include 100 per cent ownership of the business, 100 per cent repatriation of capital and profits, no corporate tax and zero personal tax, the developer said in a statement on Monday.
The offer is being made in partnership with Ras Al Khaimah Economic Zone.