Dubai offers a 5-year retirement Visa for individuals aged 55 and above. It allows retirees to live in the city while enjoying a secure and comfortable lifestyle. This program, issued with the Federal Authority for Identity and Citizenship, provides a renewable residence permit for eligible retirees.
Who Can Apply for the 5-Year Retirement Visa?
To qualify for this UAE Visa, applicants must meet specific age and financial requirements:
- Minimum age: 55 years
- Own property in Dubai with a market value of at least AED 1 million (title deed required)
- Valid passport with more than six months’ validity
- Health insurance coverage in the UAE
- Passport-quality digital photo meeting ICP guidelines
- National ID (required for some countries, such as Iran, Pakistan, Iraq, Libya, and Afghanistan)
Joint property ownership is accepted, provided the applicant’s share meets the AED 1 million minimum. The applicant’s name on the title deed must match the passport.
Financial Options for Eligibility
There are a few pathways to meet financial requirements for the retirement Visa:
- Own a property worth at least AED 1 million
- Provide proof of financial savings of at least AED 1 million
- Have an active income of AED 20,000 per month
Meeting one of these criteria makes you eligible to apply and benefit from Dubai’s retiree-friendly programs.
Benefits of the Retirement Visa
1. Long-term residency
The 5-year Visa is renewable if you continue to meet eligibility requirements. It allows retirees to plan for long-term living in Dubai without constant visa renewals.
2. Family sponsorship
Retirees can sponsor dependents, including spouses and children, for the same duration as their Visa. This ensures family security while living in Dubai.
3. Multicultural environment
Dubai is home to nearly 3 million residents from over 200 countries. Retirees enjoy a multicultural lifestyle with access to diverse communities and social opportunities.
4. High-quality lifestyle
Dubai offers beaches, golf courses, wellness centers, and cultural experiences. Retirees can stay active, enjoy global cuisine, and explore art, museums, and entertainment options.
5. Access to domestic help and services
Hiring domestic helpers is straightforward and affordable. Utilities, shopping, and daily services are easily accessible through apps or local businesses.
6. Extended travel flexibility
Retirees can stay outside the UAE for extended periods without losing their Visa. This allows international travel while maintaining residency.
7. Tax benefits
Dubai provides a largely tax-free environment. Retirees can enjoy financial security and benefit from a stable economy and world-class infrastructure.
Retirement Visa Costs
- New 5-year retirement Visa: AED 6,984.75
- Renewal for 5 years: AED 6,419.75
- Visa cancellation: AED 190.75
Conclusion
The Dubai retirement Visa offers security, flexibility, and a high-quality lifestyle for eligible retirees. Owning property or meeting financial criteria opens the door to a long-term, fulfilling life in one of the world’s most vibrant cities.
Ready to retire in Dubai? AR Associates can guide you through every step of your 5-year UAE Visa application. Contact AR Associates today to make your retirement in Dubai smooth and hassle-free.
