UAE: retired expats can get 5-year residence visa

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PHOTO BY ARCHIVE

UAE offers 5-year residence visa for retired expats

Retired expats can apply for a 5-year retirement residence visa in the UAE, according to the UAE Digital Government (UAE DGov).

The retirement visa is available for residents aged 55 or older, according to UAE DGov, noting that the residence visa for retirees is renewable.

To qualify for the visa, the applicant must have worked for at least 15 years inside or outside the UAE.
The applicant must also be able to prove their financial capacity, with savings of at least Dh1 million or monthly income of at least Dh15,000.

Applications for the UAE retirement visa can be submitted through the Retirement in Dubai program, considered the first of its kind in the region.

The residence visa will also be granted to the family of the applicant, and will be valid for five years and renewable as long as the main visa holder meets the requirements.

In brief: 5-year UAE retirement visa requirements

– Must be 55 years old or older
– Must have worked for at least 15 years prior to retirement

Any of the following:
– Property investment worth Dh1 million (property must not be mortgaged)
– Bank savings of Dh1 million or Dh1 million savings in 3-year fixed deposit
– Active income of Dh15,000 per month or Dh180,000 per year
– Combination of monthly income, fixed deposit and property, worth at least Dh500,000 each ICA/Expat Media

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