How do I obtain a 5 year Retirement Visa in UAE - Dubai Abu Dhabi

How do I obtain a 5 year Retirement Visa in Dubai

The Dubai Retirement Visa recently announced allows retired residents over 55 years old to be eligible for a long-term visa of 5 years.

The Visa allows individuals who meet the criteria to retire in Dubai. A 1-year Retirement Visa is available in Abu Dhabi.

The retirement visa holder can also then sponsor (and obtain a UAE resident dependant visa for) their spouse and children, at school age or student age.

In order to obtain the Dubai 5-year retirement visa the individual retiree will need to meet the criteria below:

You must be at least 55 years old
You must have a valid Health Insurance in Dubai (the individual will need to obtain their own local UAE health insurance policy)

Additionally, the individual retiree must be able to meet one of the below financial criteria:

Receive a monthly income of at least AED 20,000 in the UAE (evidence of income for the past 12 months is required)
Have at least AED 1 million in cash savings held in a UAE bank (letter from the bank is required)
Own a property worth at least AED 2 million in Dubai, Abu Dhabi or the wider UAE (provide a copy of your property value deed – the individual retiree must show equity value of at least AED 2 million, unmortgaged)

The visa can be renewed after 5 years if the criteria above continues to be met.

Note that the individual retiree can still work whilst holding this retirement visa, the individual will self-issue an NOC letter to allow them to continue to work in the UAE if they wish to.

If you need assistance and are looking to obtain a UAE 5 year retirement visa, or if you need assistance with staff, family and dependant visas and health insurance any other related company set up, restructuring, local partner or PRO support matter in Abu Dhabi, Dubai, the wider UAE, Oman or Qatar, then please do get in touch with us on +971 (0)4 456 1761 for Dubai or +971 (0)2 448 5120 for Abu Dhabi, email us at SovPPG@SovereignGroup.com or complete the contact form below and we will be delighted to assist you.