Dubai - Mubasher: Emaar Properties intends to offer freehold residential properties in six large real estate areas under development in Dubai.
The company will allow investors and their families to stay for 10 years, sources told Al Bayan newspaper, noting that this step should attract more investors and comes in line with the UAE's vision.
In June, the UAE Cabinet decided to allow 100% foreign ownership of UAE-based companies as well as residency visas for up to 10 years for investors and professionals and their families.
The leading global property developer will also offer more facilities and flexibility in terms of payment plans, noting that these plans could be extended for three years, Al Bayan newspaper reported.
The offered properties include buildings ready for housing and others underway with prices starting from AED 905,000 ($246,352).
By 10:12 am UAE time, Emaar's stock declined 0.40% at AED 4.97.