UAE accounts now require EID to be maintained

[Berti]

Clank said:
I said it in a previous message, I can confirm that you can keep ENBD account after you cancel your residency and EID.

You just need to fill this form.
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What is accepted in "Reason for continuing the account"? Do you know?

 

[Davis123]

Martin Everson said:
Buying property for AED 750k ($205k) in Dubai gets you a 2 year renewable residency permit if you apply. With the permit in hand you can open a bank account in Dubai while being physically resident elsewhere at same time which is what many people do.



You can probably get a 2 bed of that size for around 250-300k USD in somewhere affordable like JVC etc.
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You can actually buy 2 or 3 properties ( 1 milion AED combined ) in some places to get this visa. For 1 milion AED it's a five year visa.