A five-year retirement visa programme has been launched by the Dubai government.
It comes following the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The scheme called 'Retire in Dubai’ is open to resident expatriates as well as foreigners aged 55 and above.
Applicants must either earn a monthly income of AED 20,000, have cash savings of AED 1 million or own property in Dubai worth AED 2 million.
The programme has been launched by the Department of Tourism and Commerce Marketing (Dubai Tourism) in partnership with the General Directorate of Residency and Foreigners Affairs (GDRFA-Dubai).
The visa is renewable every five years and its initial phase will focus on UAE residents working in Dubai who have reached retirement age.
Details of the application process are available on www.retireindubai.com.
#Dubai announces the launch of Retire in Dubai, a global retirement programme that offers foreign retirees aged 55 and above the opportunity to enjoy the distinctive lifestyle offered by the emirate.https://t.co/EWftjuFJhohttps://t.co/t0nvN1rq1e— Dubai Media Office (@DXBMediaOffice) September 2, 2020