The processing fee for the newly launched five-year retirement visa in Dubai is AED 890.
According to Yousuf Lootah, Executive Director of Tourism Development and Investments at Dubai Tourism, the payment is made to the GDRFA.
He clarified that this does not include the cost of health insurance, which applicants will need to purchase separately.
In an interview on The Business Breakfast on Dubai Eye 103.8, Lootah explained who is eligible for the visa.
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.