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

Golden visa - The Official Portal of the UAE Government

The Golden visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the...

u.ae

Real 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.