Residency for Retired Property Investors in the UAE

PUBLICATIONS / Articles / 2018 / Residency for Retired Property Investors in the UAE
Expatriates past retirement are now eligible to apply for a long-term visa with a 5 year duration in the UAE, provided having met the specific requirements. 
The current legislation allows for expatriates to demobilize from the UAE upon retirement, between the ages of 60 and 65 years, depending on the employer. 
The new law, coming into effect in 2019, outlines the criteria as follows, investment in a property worth AED 2 million, or financial savings of no less than AED 1 million, or having an active income of no less than AED 20,000 per month, per Dubai Government Media Office. 
The new legislation increases the attractiveness of Dubai as an ideal location to consider for retirement, especially for expatriates that have already been in the country. 

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