Real estate buyers in Ajman will be given residence visas provided property developers give assurance to that effect to project developers in the emirate of the UAE.
The visas will have a validity of one year and will be renewed annually in the emirate of the UAE, said several project developers. They say they will be signing pacts with the master developers for the issuance of visas.
A residence visa will be given only after the investor or buyer gets possession of the apartment and the developer issues a no-objection letter. The visa is expected to cost about Dh1,500 and can be renewed in Ajman every year.
Ajman Real Estate News from Gowealthy, 17 August 2008
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