Property visa in Abu Dhabi is in the hands of the authorities



I am currently on an investor's visa, which expires in 2016. I own a property in Abu Dhabi valued at about Dh2.2 million, without a mortgage. Can you advise if I would be able to obtain a two-year visa linked to the property? PT, Abu Dhabi

While this is theoretically possible, at least for a period of six months at a time – not two years, as that applies to Dubai – the decision rests with the Department of Naturalization, Residence and Foreign Affairs and the Ministry of Interior in Abu Dhabi. Cases are reviewed individually, but my sources tell me that property-linked visas are not generally being issued in Abu Dhabi at the present time.

Keren Bobker is an independent financial adviser with Holborn Assets in Dubai, with over 20 years’ experience. Contact her at keren@holbornassets.com. Follow her on Twitter at @FinancialUAE

The advice provided in our columns does not constitute legal advice and is provided for information only

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

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