New Dubai visa allows retirees to stay in emirate

  DUBAI – A new 5-year Dubai retirement visa was launched on Wednesday (September 2) as part of the Dubai Ruler’s directives. The Dubai retirement visa is available to UAE residents staying in the UAE or outside of the country who are over the age of 55. Applications can be submitted through the Retirement in Dubai program, considered the first of its kind in the region. For a retiree to be eligible for a 5-year renewable retirement visa, any of the following criteria must be met: - Property investment worth Dh2 million - Bank savings of Dh1 million - Active income of Dh20,000 per month The scheme was launched following directives by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. In September 2018, the UAE Cabinet approved a law to provide retired residents over the age of 55 a long-term visa for a period of 5 years. The visa may be renewed if the eligibility criteria is met. ICA/Expat Media
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