It is now possible to retire in Dubai, both foreign residents and people living abroad over the age of 55 can apply for the new retirement visa. Previously expatriates who lived and worked in Dubai would be forced to retire abroad once they ceased working and their work visa expired.
Requirements to retire in Dubai:
- Anyone seeking to retire in Dubai must be aged 55 or older.
- The applicant must have valid health insurance that is covered in the United Arab Emirates. The insurance must be purchased before the visa application is submitted.
- They must also fulfill one of the following three financial requirements.
Option 1: Have a monthly income of 20,000 Dirhams (approximately $5,500).
Option 2: Have cash savings of 1 million Dirhams (approximately $275,000).
Option 3: Own property in Dubai, valuing at least 2 million Dirhams (approximately $550,000).
Option 4: Have a combination of options 2 and 3 (cash savings and property) valued at least 2 million Dirhams (approximately $550,000).
Apply to Retirement Visa in Dubai:
Apply to retire in Dubai via the official website: https://www.visitdubai.com/en/sc7/retire-in-dubai/apply-now
After submitting a name, email, and phone number, Retire in Dubai will send the applicant an email with further information and instructions on which documents are required.
The applicant will then need to submit the required documents via email to RetireInDubai@dubaitourism.ae
Retire in Dubai will then confirm the status of the application within three working days.
Proof or documents need to provide:
The applicant must be able to provide the supporting documents to prove they qualify for one of the options above.
Option 1 requires the applicant to show a bank statement for the past six months as evidence of income.
Option 2 requires a bank letter stating that the account has the sufficient amount.
Option 3 requires a copy of the property title deed.
Option 4 requires both a bank letter showing the amount deposited and a copy of the property title deed.
All applicants must also provide the following documents and information:
• Passport copy of applicant, spouse and children, if applicable
• Marriage certificate copy, if sponsoring the spouse
• Current copy of visa, if the applicant is a resident of UAE
• Copy of Emirates IDs of applicant, if the applicant is a current resident in UAE
• Eligibility evidence copy (as explained above)
• Copy of a valid Health insurance policy covering UAE, including policies for spouse and children if applicable
• Current home address
• Mobile number and email address on which at which applicants can be contacted
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