Obtaining a retirement visa in Dubai involves following a specific process and meeting the necessary requirements.
Acquiring a retirement visa in Dubai entails adhering to a well-defined procedure and fulfilling the essential prerequisites.
6/22/20233 min read
Dubai Retirement Visa: Comprehensive Guide
Last Updated: May 24th, 2023
If you have developed a deep fondness for Dubai as a resident and contemplate the possibility of retiring in this vibrant city, you'll be pleased to know that it is indeed achievable through the Retirement Visa in Dubai. This ultimate guide provides all the essential information you require to understand and pursue this visa option.
1. Dubai Retirement Visa: An In-Depth Guide
This comprehensive guide provides valuable information about the Dubai Retirement Visa program, catering to retired expatriates and their spouses and children who wish to relocate to Dubai after retirement. This visa category offers an opportunity to experience the city's high living standards and modern facilities.
2. Visa Duration and Renewal
The Dubai Retirement Visa grants a 5-year validity period, with the possibility of renewal if the applicant continues to meet the requirements. The renewal process is conveniently conducted online.
3. Age Requirements
Applicants must be 55 years of age or above to be eligible for the retirement visa. Additionally, children of applicants must meet specific age criteria, with boys required to be below 18 years old and girls below 21 years old. Once the children exceed these age limits, they can apply for student visas.
4. Visa Requirements for Retirement in Dubai
To qualify for the retirement visa, applicants must satisfy certain financial criteria. One of the following conditions must be met:
- A minimum fixed monthly income of AED 20,000 (UAE) or AED 15,000 (Dubai) from a pension or last employer, supported by a 6-month bank statement.
- Savings amounting to at least AED 1 million.
- Ownership of a real estate property in Dubai worth a minimum of AED 2 million, with no mortgage.
- Combination of savings and property value totaling at least AED 2 million, including a fixed deposit over 3 years and an unmortgaged property.
5. Eligibility for Non-UAE Residents
The retirement visa option is available to individuals who are not current residents of the UAE.
6. Required Documents for Retirement Visa Application
Applicants need to provide various documents, including passport copies, marriage certificates (for sponsoring spouses), current UAE visas (for residents), and Emirates ID copies (for residents). Additional documents are required based on the chosen requirement, such as proof of retirement, proof of savings, and property title deed.
7. Application Process
The application for the retirement visa program is completed online. Applicants must email a filled application form and all necessary documents to retireindubai@dubaitourism.ae. A non-refundable payment of USD 25 is required for processing. The application will be reviewed internally by Dubai Tourism and forwarded to the relevant authorities, such as the General Directorate of Residency and Foreigners Affairs (GDRFA) and the Dubai Land Department.
8. Health Insurance Requirement
Health insurance is not mandatory during the visa application process. However, upon approval, applicants are required to undergo a medical test and obtain medical insurance. International medical insurance can be utilized, provided a letter from the company confirms coverage in the UAE.
9. Cost of Retirement Visa
The total cost of a retirement visa in Dubai is AED 3,714.75 (approximately $1,011), which covers expenses such as entry permit, visa status adjustment, residency stamping, Emirates ID, medical examination, and management fees.
FAQ
- Who Can Obtain a 5-year Retirement Visa in the UAE?
Individuals who are 55 years old and meet the eligibility conditions can obtain a 5-year retirement visa in the UAE. Residents and those willing to relocate to Dubai can refer to the conditions outlined in the article for more information.
Please note that this blog provides educational content and general information. It is not intended to substitute professional legal advice. For specific legal guidance, consult a licensed professional.
