New five-year visa for retirement in UAE


As part of UAE’s ongoing effort to boost the economy, the UAE Cabinet has recently introduced new changes to the UAE immigration system. It approved a law to provide a special residency regime for retired expatriates over the age of fifty-five years old. Such retirement visas will be provided for a period of five years with a possibility of further renewal under the following specific conditions:

- the applicant should have investment in a property worth no less 2 million AED or
- have savings of no less than 1 million AED or
- have an active income of not less than 20,000 AED per month.

It also should be noted that the expats require a valid health insurance to be eligible for this visa.