Middle East

UAE announces residence visa for retired expats

The UAE has updated a visa scheme for retired expats under which they can now stay in the UAE after retirement. Retired residents over the age of 55 can get a long-term residence visa for a period of 5 years. The visa may be renewed if the eligibility criteria is met.

The new measure has been introduced to enhance the competitiveness and flexibility of the UAE, facilitate sector growth, spur knowledge transfer and skills development, and create greater stability and security for residents.

The new residency option enables both new expats and current UAE residents to settle and enjoy their retirement in UAE.

The newly announced amended requirements to obtain the UAE retirement visas are as below. 

  • UAE property investment option : AED 1 million [AED 2 million previously]
  • Monthly income option : AED 15,000 per month  [AED 25,000 previously
  • Combination of property and financial investment option : AED 1.5 million [AED 2 million previously]