Introduction
Dubai, in the United Arab Emirates (UAE), is a fantastic retirement destination known for its modern comforts, rich culture, and diverse expat community. In November 2021, the UAE government made a significant change to its visa policies, allowing expatriates to stay in Dubai even after retiring. This decision has opened up exciting possibilities for those looking for a vibrant and satisfying retirement experience.
Eligibility for Retirement Visas
To retire in Dubai, you need to meet specific criteria:
- Work Experience: Have at least 15 years of work experience within or outside the UAE.
- Age Requirement: Be 55 years old or older at the time of retirement.
- Financial Requirements: Show financial stability through one of these options:
- Option 1: Have a minimum annual income of Dh180,000 (about US$49,000) or a monthly income of Dh15,000 (about US$4,100).
- Option 2: Hold Dh1 million (about US$272,000) in savings in a 3-year fixed deposit.
- Option 3: Own property in Dubai worth at least Dh1 million (about US$272,000).
- Option 4: Combine Options 1 and 2, totaling Dh1 million in a 3-year fixed deposit and property valued at Dh500,000 (about US$136,000) each.
Applying for Retirement Visas
The process is simple:
- Choose Your Option: Decide if you want to apply under the savings option (GDRFA) or the property-based application (DLD).
- Online Application (GDRFA):
- Visit GDRFA’s website.
- Select the ‘Individuals’ login option and register.
- Follow on-screen prompts and submit the online form.
- In-Person Application (DLD):
- Visit the Dubai Land Department (DLD) office to proceed with the application.
Required Documents
No matter your option, you’ll need:
- Passport copies of you, your spouse, and children (if applicable).
- Marriage certificate copy (if sponsoring a spouse).
- Copies of your current visa and Emirates IDs for you and your dependents (if applicable).
Additional documents may be needed based on your chosen option.
Cost of Applying
Once approved, a total fee of Dh3,714.75 (about US$1,018) per applicant is required. This fee covers all visa-related expenses, including:
- Entry permit
- Visa status adjustment
- Residency stamping
- Emirates ID
- Medical examination
- Management fees
Conclusion
Choosing Dubai for your retirement isn’t just a change; it’s a warm welcome to a vibrant new chapter in life. This blog is your trusted guide to smoothly navigate the retirement visa application process. Whether you’re attracted to the city’s lively atmosphere or seeking a peaceful retreat, Dubai invites you to explore new horizons, build meaningful connections, and enjoy the pleasures of a well-lived life in the heart of the city.
Please visit our website www.visaliv.com for more details, where you will find answers to all of your visa and immigration-related questions.
Thanks,
VisaLiv Team