Dubai extends a warm welcome to retirees worldwide through its newly launched 5-year residency visa program. This initiative provides retirees, along with their spouses and dependents, the chance to settle in one of the most vibrant and innovative cities globally.
Holders of the Dubai retirement visa will be granted UAE resident status, allowing them unrestricted entry and exit from the country without any mandatory minimum stay requirements.
Eligibility Criteria for Dubai’s Retirement Visa
To qualify for this program, applicants must be at least 55 years old and meet one of the following financial conditions:
- Minimum Income:
- An annual income of AED 180,000 (approximately USD 49,000)
- Or a monthly income of AED 15,000 (approximately USD 4,100).
- Savings:
- A fixed deposit of at least AED 1 million (approximately USD 275,000) for three years.
- Property Ownership:
- Ownership of property in Dubai valued at a minimum of AED 1 million (approximately USD 275,000).
- Combination Option:
- A combination of AED 500,000 each in property value and savings, totaling AED 1 million (approximately USD 275,000).
Application Process
After selecting the suitable financial option, retirees can start preparing their application. The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) ensures a user-friendly process. Applicants must:
- Log in through UAE PASS via the ICP website or app.
- Choose the ID and residence card service and verify their details.
- Update information if required, pay the necessary fees, and submit the application.
- Receive their Emirates ID through approved delivery services.
Once the application is submitted, it typically takes up to 15 working days to process.
Additional Requirements
- Health Insurance:
Retirees must obtain valid health insurance with UAE coverage, either through a new policy or an existing international one. - Family Sponsorship:
Retirees can sponsor their spouse and children, with no restrictions on the number of dependents. Additionally, they can sponsor their parents for a one-year renewable visa. Every sponsored family member must have health insurance coverage valid in the UAE.
Benefits of Dubai’s Retirement Visa Program
This initiative provides a smooth transition for retirees to integrate into UAE residency. With access to exceptional healthcare, state-of-the-art amenities, and a thriving cultural and social environment, Dubai is an ideal destination to enjoy retirement.
For those seeking to spend their golden years in a city that combines luxury, innovation, and unparalleled opportunities, Dubai offers a retirement experience like no other.
FAQs
1 – What is the minimum age to apply for the retirement Visa in the UAE?
The minimum age to apply for a retirement Visa in the UAE is 55.
2 – Is health insurance necessary to apply for a retirement Visa in Dubai?
Yes, health insurance is necessary to apply for this golden retirement Visa and is one of the documents that you need to submit with your application. However, you can initiate your application without having medical insurance coverage beforehand. Upon approval of your Visa, you will be invited to complete a medical test. Subsequently, you will be required to buy a medical insurance plan that meets your needs.
3 – How long is the retirement Visa in the UAE valid until?
The retirement Visa is valid for five years and can be later renewed if need be. In fact, according to the retirement Visa program in Dubai, if the applicant continues to meet the requirements, the Visa will be automatically renewed.
4 – Is it possible to apply for a Visa, if the person is outside the country?
Since his physical presence is necessary within the country during the completion of the residency proceedings and he is not allowed to travel during the procedure, it is not possible to apply for a family Visa if the person is outside of it.
Please note that only the applicant will be permitted access to the DLD Cube Center; no applications from other parties will be accepted.
