Visa amnesty center at the General Directorate of Residency and Foreigners Affairs Dubai in Al Awir area in Dubai. Pawan Singh / The National
Visa amnesty center at the General Directorate of Residency and Foreigners Affairs Dubai in Al Awir area in Dubai. Pawan Singh / The National
Visa amnesty center at the General Directorate of Residency and Foreigners Affairs Dubai in Al Awir area in Dubai. Pawan Singh / The National
Visa amnesty center at the General Directorate of Residency and Foreigners Affairs Dubai in Al Awir area in Dubai. Pawan Singh / The National


The UAE visa amnesty is easing stress on the system and in residents' lives


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September 06, 2024

The first week of the UAE’s eight-week visa amnesty programme – in which people who have overstayed in the country are given a chance to regularise their stay or leave without penalties – is drawing to a close. The amnesty applies to anyone in the country with a visa that expired before September 1, though it does not apply to those who entered the UAE illegally.

The last time the country held a visa amnesty programme, in 2018, 105,000 people, a little over 1 per cent of the population, took advantage of the opportunity. The presence of so many overstayers was simultaneously a source of concern and a symptom of the country’s dynamism. The UAE is a welcoming destination for those seeking opportunity, but its pro-migration policies make it tempting for many to circumvent the rules to extend their stay. In some cases, those policies are also exploited by unscrupulous agencies and even criminal networks.

The result is a strain on elements of law enforcement, the labour market, and, not least, the lives of those who have overstayed. Anyone living in another country, without legal documents such as a valid visa, falls into the shadows. They often lack health insurance and are vulnerable to exploitation. Most overstayers are jobseekers, but some are victims of fraud or, in extreme cases, human trafficking. Fearful of penalties if they approach authorities, some end up separated from their families back in their home countries for years. The National interviewed such people in the UAE at the country’s visa amnesty centres this week.

People remaining in the UAE without valid visas fall into the shadows

The damage done to people’s lives by prolonging such a situation makes visa amnesties an important part of the policy toolkit. They allow authorities to understand better who is in the country and why, and also help to bridge gaps in the labour market. This week, some amnesty centres have played host to job recruiters looking to hire from the pool of those wishing to remain in the Emirates.

For a country poised for continued population growth and an accompanying economic boom over the next decade, managing policies to continue as an attractive destination for foreign workers is critical.

Visa amnesties are ultimately a stopgap, and UAE policymakers know this. In recent years, the country has introduced a host of new legislation and regulations that make it easier for people’s presence in the Emirates to remain above-board, and to prevent those whose stay would be unsustainable from entering. The introduction of jobseekers’ visas is one such measure, as is the 10-year golden visa for those who merit more flexibility in the labour market. This year, authorities stopped those who arrived at UAE airports on visitor visas without a return ticket or sufficient funds.

Migration is one of the most complex portfolios for any government. A host country’s policies towards newcomers is a reflection of its own aspirations. It is a theme as old as the history of human migration itself: people move to new places in search of a second chance, and they tend to thrive when they are given one, as the UAE has made evident.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
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2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Most sought after workplace benefits in the UAE
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  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 

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Power: 416hp at 7,000rpm

Torque: 410Nm at 3,500rpm

Transmission: 6-speed manual

Fuel consumption: 10.2 l/100km

Price: Dh375,000 

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Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Updated: September 08, 2024, 2:35 PM