CD's,
I got information from a friend that Dubai offers Permanent Residency for 99 years for people who buy apartments there for USD 100,000 or more. I belive that it is relavance to Desi Canadians in Canada as they have one more choice of a winter home / winter work place. I am also hearing that this property could be rented.
Hope this opens some of avenues of business to CD's.

Sources :
hi TK
YES if you buy property in dubai which is called FREEHOLD, you will have residency permit upto 99 years. Lots of Indians are going for it and got it as well k If you follow the news, David Bechkam, Brad Pitt, Angelina Jolie, Boris Becker,Michael Schumakker and scores of celebrities and sports personalites have already bought a property in Dubai. With regard to the cost, tax, electricity and maintenance, everything is depend on the locality and what kind of facilities you require
because each one is unique and here these things are readymade. Just google properties in dubaiand you will be flooded with the web links and that's the best way to go about it.
Wish you Good Luck , Happy Buying.

hi TK,

ya u can buy aparments for 99,000USD, they wil give visa also . but its 3years visa only.
i am not sure of it....i wil chek and tell you....
2bhk wil cost min 100,000USD normally....wherever in dubai...other expenses r less....
in burjdubai it costs min 120,000USD...
this information is up to my knowledge....again i wil chek and tel u...


Hope this helps some one.

TK A

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I am a Gents and not a Ladies.

'TK this has been there for a long time now ..... this is one of the reasons for the real estate boom in dubai..... However it is a bit misleading to say that it is "freehold"and you get "permanent residency"for 99 years. The property is on lease even though you can buy , sell & rent it as a rightfull owner. Also the PR is a visa you get & as far as i rember it is renewable after 5 years .... it is good deal .... but it is better to check the fine print.

Does the PR allow you to work in Dubai? Does it give you all the rights a PR of Canada/US/UK/Australia have? i.e. ability to work without visa?

Also, what happens to the dependents (spouse, children) if the person who owns the property dies? Can they retain their PR? Is there an inheritance tax?

Just so that you guys know, there are several countries (not Dubai) which give you PR if you buy a property there, but you will not be allowed to work there. Those schemes are mainly directed towards retired people who have a steady income but are looking for a warmer climate

PR of one country may not be same as PR of another country. (like German 'green card' visa which is just a work permit visa and not really anywhere similar to US green card)

HI
if u buy property in dubai but at the end no medical given and it's expensive plus now days difficult to rent out since lots of consturction have come up for normal residence have to pay Dhs. 60.000pa. for 1bkh and even the day today things price have gone very high.
hope this information is helpfull
prem

Better to invest in Canada and India. I dont trust these people in dubai, daily they bring up a new law. You will never get citizenship or passport of this country even you live there for 30 yrs. You will be always consider an outsider. So invest in a secure place for your family.

Be very careful before investing money in UAE.Anytime any rule can be changed.---Uncertainity is one factor.
also there are hidden clauses.
If u are tempted for 99 yrs visa?read more abt it --: D

If I am not wrong -once you are citizen of canada ,what ever property you buy or even earn thru jobs outside Canada,you owe money to candaian govt. i.e. taxes!!!!

As a PR one can work without paying any taxes thts wht i was told by our immigration consultant.

I am not at all in favour of investing money in UAE but if you have surplus-want to put your money and forget about it then-go ahead---no probs----

If at all you want to invest then select the projects near health and academic city etc that might give you benefit later on[if same rules are applied after years ].

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keep smiling!

As one member clearly said tht it is difficult to rent out a place.

also to tell you in Dubai you can not rent your flat to bachelors[males] if families are living in same building.
[ Single Males are asked to live away from the area where families live.]

-you need to search families or females to take your flat.

Also cost of living is very high in dubai.
many families are living in other cities ,travelling 1-2 hrs daily up and down to cope up with the increasing costs.

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keep smiling!