Dubai Announces Retirement Visa Programme
Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai recently introduced a new and enticing global Retirement Visa. The ‘Retire in Dubai’ programme is the first of its kind in the region and presents an exciting opportunity for those looking to enjoy the Dubai lifestyle after years of hard work.
The visa is open to applications from UAE residents and retired foreigners aged 55 years or above. The scheme is governed by Dubai Tourism and the General Administration of Residency and Foreign Affairs (GDRFA).
In order to be eligible for this visa, an applicant must have either a monthly income of AED 20,000 (approximately USD 5,000), AED 1 million (approximately USD 275,000) in savings or a property worth at least AED 2 million (approximately USD 550,000) in Dubai.
Holders of the Retirement Visa will be considered residents of the UAE and may travel in and out of the country as such. The visa may also be renewed at the end of its 5-year validity period.
The Retire in Dubai scheme encourages economic growth and investment into the UAE. We look forward to welcoming retirees into Dubai soon.
For more information visit: https://www.visitdubai.com/en/sc7/retire-in-dubai
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