Dubai has outlined age and financial eligibility requirements for foreign nationals seeking a retirement visa, offering eligible retirees an opportunity to live in the emirate after completing their careers.
Applicants must be at least 55 years old and meet at least one of the specified financial criteria to qualify for the visa.
The programme is designed for foreign nationals who wish to settle in Dubai after retiring from employment or business. Eligible residents can enjoy the emirate’s lifestyle, leisure activities, travel opportunities and healthcare services, subject to applicable requirements.
Meeting the age requirement alone is not sufficient. Applicants must also demonstrate that they have adequate financial resources to cover their living expenses during retirement. This can be established through regular income, savings or property ownership, depending on the applicable criteria.
Dubai retirement visa: Age requirement
Foreign nationals applying for Dubai’s retirement visa must be at least 55 years old. Those who meet the age requirement may qualify if they also fulfil at least one of the financial conditions.
Applicants should check whether their income, savings or property meets the required threshold and prepare the relevant supporting documents before submitting an application.
1. Annual income of at least AED 240,000
One way to qualify for the retirement visa is through regular income.
According to the provided information, applicants must have an annual income of at least AED 240,000, equivalent to approximately AED 20,000 per month.
This income may include pension payments and returns from investments. Applicants must provide reliable documentation to demonstrate that they have sufficient income to support themselves during retirement.
2. Savings of at least AED 1 million
Applicants who do not meet the income requirement may qualify through savings.
Under this criterion, applicants must have at least AED 1 million in savings. The funds may be held as a cash bank deposit or a fixed-term deposit.
According to the provided details, a fixed deposit must have a term of three years. Applicants must submit bank statements or other relevant documents to verify their savings and financial standing.
3. Property worth at least AED 1 million in Dubai
Foreign nationals who own property in Dubai may also be eligible for the retirement visa.
The property must have a minimum value of AED 1 million. Applicants must provide official documents confirming ownership and the property’s value.
The property should be mortgage-free. If it is mortgaged, the provided criteria state that the owner must have repaid at least AED 1 million of the principal amount.
What should applicants know?
Foreign nationals considering retirement in Dubai should carefully review the eligibility criteria and confirm the latest requirements with the relevant authorities before applying.
Applicants must meet the minimum age requirement and satisfy at least one of the specified financial conditions. They should also ensure that their income, savings or property ownership can be verified through official documentation.
Meeting these conditions may allow eligible foreign nationals to apply for a retirement visa, subject to approval by the relevant authorities.
