Residence Visa For Retired Dubai Expats
 

The UAE continues to introduce more expatriate-friendly policies. Earlier, golden and silver renewable visas were announced to attract foreign investors and entrepreneurs, allowing them to stay in the emirate for longer periods. Recently, the cabinet has approved a new visa scheme to facilitate retired expatriates. This enables them to stay in the country after their retirement.

This visa scheme was approved on 9th November 2021 during the cabinet meeting chaired by the Prime Minister, Vice President and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The meeting took place at Expo 2020 Dubai and was attended by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum (Deputy Prime Minister, Deputy Ruler of Dubai and Minister of Finance), Lt. General Sheikh Saif bin Zayed Al Nahyan (Minister of the Interior and Deputy Prime Minister), along with other cabinet members.



 

Eligibility Criteria for Retirement Visa

The Dubai Media Office has outlined the eligibility criteria, which retired expatriates must meet in order to obtain the newly announced residence visa. As per the criteria, the applicant must meet one of these conditions:

• Invested in a property valuing AED 1 million (the property’s worth will be evaluated by the relevant entity in every emirate)
   
• Have at least AED 1 million in financial savings
   
• Have a minimum of AED 180,000 of active income per annum

It is to be noted that the UAE Cabinet approved a long-term visa for retired residents in September 2018. It was valid for a period of 5 years for people over the age of 55 years. If the applicant already owns this visa, they can get it renewed provided they meet the eligibility criteria that includes meeting one of the following conditions:

• A property investment worth AED 2 million
   
• A minimum of AED 1 million in financial savings
  
  • A minimum of AED 20,000 per month as active incomeThe UAE continues to introduce more expatriate-friendly policies. Earlier, golden and silver renewable visas were announced to attract foreign investors and entrepreneurs, allowing them to stay in the emirate for longer periods. Recently, the cabinet has approved a new visa scheme to facilitate retired expatriates. This enables them to stay in the country after their retirement.
    
    This visa scheme was approved on 9th November 2021 during the cabinet meeting chaired by the Prime Minister, Vice President and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The meeting took place at Expo 2020 Dubai and was attended by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum (Deputy Prime Minister, Deputy Ruler of Dubai and Minister of Finance), Lt. General Sheikh Saif bin Zayed Al Nahyan (Minister of the Interior and Deputy Prime Minister), along with other cabinet members.