At which point of buying real estate in Dubai you can get Dubai bank account?

[PinkCat]

I see most developers offer payment plans like 30% upfront then 1% per month, if I go for something like this at which point I'll be able to open bank account in Dubai based on having property there?

 

[meze99]

You don't need to own a property to have a residence and bank account there. Residence by owning property is available only as golden visa - so very expensive and doen't make much sense
https://u.ae/en/information-and-services/visa-and-emirates-id/golden-visaReal estate investors
If you own a property or a group of properties, you may be granted a Golden visa for a period of 5 years, renewable on the same conditions and without a sponsor subject to the:

1. provision of a letter from the land department of the respective emirate stating that he owns one or more properties whose value is not less than 2 million dirhams
2. purchase of a property with a loan from specific local banks approved by the competent local entity.

 

[PinkCat]

Well I want to buy property there anyway.