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Report: Emaar Properties offering visas to buyers of Dubai residential projects

In support of the United Arab Emirates' plan to attract more investors, Dubai-based developer Emaar Properties PJSC is establishing visa incentives to court buyers for six of its residential projects under development, Bloomberg News reported, citing local newspaper Al Bayan.

Citing sources familiar with the matter, the publication said the package includes 10-year investor visas for the buyers and their families, as well as a subsidy from Emaar equal to half of the 4% property registration fee and a three-year payment plan starting from the release of the property to the buyer.

Emaar developments included in the plan are those within Dubai Creek Harbour and Downtown Dubai.