Introduction
Dubai, with its futuristic skyline and vibrant lifestyle, now offers a warm welcome to retirees aged 55 and above. The city’s retirement visa program provides a 5-year residency option, extendable upon meeting criteria. This initiative aims to attract retirees seeking prosperity and a conducive environment for investment, backed by a stable financial system and high-quality healthcare.
Why Dubai is Ideal for Retirees
Dubai’s appeal for retirees extends beyond the visa program. Here’s why:
- Vibrant Lifestyle: Dubai offers a dynamic lifestyle with world-class amenities, entertainment, and cultural experiences.
- Safety and Security: The city is known for its safety, providing retirees with peace of mind.
- Healthcare: Dubai boasts high-quality healthcare facilities, ensuring retirees have access to excellent medical services.
- Diverse Expat Community: Retirees can enjoy a supportive and diverse expatriate community, fostering a sense of belonging.
- Cultural Richness: The city’s rich cultural tapestry offers retirees a unique and enriching experience.
Eligibility Criteria. To qualify for the retirement visa, applicants must adhere to specific criteria set forth by the law since 2019.
- Work Experience and Age Requirement:
Minimum 15 years of work inside or outside the UAE, and age of 55 or older at retirement.
- Financial Requirements:
Retirees can choose from various options to meet financial criteria:
- Own property/properties valued at AED 1 million ( approx US $ 275,000 ) or more.
- Maintain financial savings of at least AED 1 million ( approx US $ 275,000 ) in a 3 -year fixed deposit
- Demonstrate a monthly income of AED 20,000 (AED 15,000 for Dubai). Minimum yearly income of AED 180,000 (approx. US$49,000) or AED 15,000 (approx. US$4,100) per month.
- Provide six months’ bank statements.
Visa Renewal
The retirement visa is initially valid for 5 years, with renewal options if eligibility criteria are met, ensuring retirees a stable and long-term residency in Dubai.
