As part of UAE’s ongoing efforts to boost the economy, the Cabinet has approved a plan to provide 5-year retirement visas to expats.
Eligibility requirements for 5-year retirement visa:
- Dh2 million worth of properties or
- Dh1 million in savings or
- Dh20,000 in income per month
It has to be noted that the expats require a valid health insurance.
The #UAE Cabinet approved a law to provide special residency-visa privileges for expats retirees over the age of fifty-five years for a period of five years, with the possibility of renewal, according to specific conditions.
— Dubai Media Office (@DXBMediaOffice) September 16, 2018
In effect as of 2019, the law outlines requirements to qualify for the long-term visa such as having an investment in a property worth AED2 million, or financial savings of no less than AED1 million, or having an active income of no less than AED20,000 per month. #UAE
— Dubai Media Office (@DXBMediaOffice) September 16, 2018