Saturday, September 28, 2019

Saudi Arabia launches tourist Visa to 49 countries

Saudi Arabia opened its doors to the world on Friday after it announced that tourist visas will be available to citizens from 49 countries.

For the first time, tourists can now apply for a visa through Saudi embassies and consulates across the world

Marking a milestone in Saudi Arabia’s history, Ahmed Al Khateeb, Chairman of the Saudi Commission for Tourism and Heritage (SCTH), announced the launch of the tourist visa for the Kingdom of Saudi Arabia at an event in Ad-Diriyah, a Unesco World Heritage Site in Riyadh.

Citizens from 49 countries will also be able to apply for an e-visa or receive a visa on arrival into Saudi Arabia. A dedicated online portal at visitsaudi.com was also launched and electronic kiosks are set to be available at airports to facilitate requests.

The following 49 countries will be eligible to apply for e-visas and visas on arrival:

  1. USA
  2. Canada
  3. Kazakhstan
  4. Singapore
  5. Brunei
  6. New Zealand
  7. South Korea
  8. Japan
  9. Spain
  10. Belgium
  11. Malaysia
  12. Austria
  13. Cyprus
  14. UK
  15. Croatia
  16. Estonia
  17. Andorra
  18. Denmark
  19. Germany
  20. Bulgaria
  21. France
  22. Hungary
  23. Czech Republic
  24. Holland
  25. Italy
  26. Finland
  27. Ireland
  28. Lithuania
  29. Greece
  30. Liechtenstein
  31. Monaco
  32. Iceland
  33. Malta
  34. Poland
  35. Latvia
  36. Norway
  37. Russia
  38. Luxembourg
  39. Romania
  40. Slovenia
  41. Montenegro
  42. Slovakia
  43. Switzerland
  44. Portugal
  45. Sweden
  46. Australia
  47. San Marino
  48. Ukraine
  49. China, including Hong Kong, Macau and Taiwan
The tourist visa allows for a stay of up to 3 months per entry, with visitors able to spend up to 90 days a year in Saudi Arabia. The visa is valid for one year with multiple entries.

The cost of applying for an e-visa or a visa on arrival is 440 riyals (around $117) plus VAT.

Saudi Arabia intends to extend the e-visa scheme to other countries in due course.

Sunday, September 15, 2019

New Law Regulating RERA part of the Dubai Land Department

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a new law regulating the Real Estate Regulatory Agency.

The new law issued, Law No. 4 of 2019, states RERA as a public institution, to come under the Dubai Land Department .

The new law includes restructuring the legal provisions of the agency, which was established pursuant to Law No. (16) of 2007.

According to the new Law, the objectives of RERA include contributing to the development of Dubai’s real estate sector within an integrated system of regulatory and monetary procedures and enhancing the sector’s contribution to Dubai’s economy.

Furthermore, RERA will work to provide a secure environment for real estate projects in order to protect the rights of developers and investors, implement new projects and programmes that enable them to explore new real estate opportunities and promote professional and ethical standards in the industry.

Pursuant to this Law, RERA is responsible for regulating and overseeing real estate development escrow accounts; accrediting financial institutions that are qualified to manage real estate development escrow accounts; and approving regulations that govern development, brokerage and management of real estate including joint property.

RERA also monitors real estate advertisements published in media outlets in the Emirate; develops and launches awareness programmes in collaboration with the Dubai Real Estate Institute to educate the public about their rights and responsibilities; and prepares and updates policies designed to balance supply and demand.

Under the new Law, the Chairman of The Executive Council of Dubai will appoint the CEO of RERA and will also issue the regulations and resolutions required for the implementation of the provisions of this Law that substitutes Law No. (16) of 2007.

Dubai Land Department will replace RERA in registering real estate rental contracts and regulating the relationship between property owners and tenants and any other matter related to real estate rental contracts.

RERA is the regulatory arm of the Land Department, where the department sets legislations to regulate the relationship between all contracting parties and to organises the exchange process of properties.

The department provides many services to clients in Dubai, extending its role to planning, organising and evaluating operations related to real estate license. It also monitor projects financially and technically to protect investors.