UAE's Latest Policy on Retirement Visa Helps Seniors and Families

  • September 17, 2018

Until now, if you wished to stay back in UAE after retirement you would have to apply for other types of visas in the country. The hassle of frequent renewals or dependency on family for visas, with no hundred percent guarantee of obtaining it, is put to rest with the new announcement by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President of UAE and Prime Minister of Dubai.

The new visa system that allows expats to retire in UAE will enable them to stay back on a long-term basis. If you are a pensioner above the age 55, you can apply for a five-year renewable visa. It comes with a few prerequisites:

  • You must own real estate investment worth (AED 2 million or $544,510)
  • You must have savings of over AED 1 million or $272,255
  • You must have proof of income of over AED 20,000 or $5,445 per month

This type of visa is open for application from 2019.

A series of regulatory changes and stimulus measures were announced in recent months in UAE, all striding towards positive changes in the economy.

The cabinet announced the introduction of new visas for jobseekers and investors and free entry for passengers transiting through the UAE’s airports in June. After these announcements expats are bound to feel at home more than ever, in UAE.