Dubai Retirement Visa to Boost Tourism

November 8, 2021

The Dubai retirement visa is your chance to live in one of the world’s fastest-growing, safest, and most culturally-diverse places. A sunshine-filled city, Dubai offers an outstanding quality of life for retirees.

Visa requirements and eligibility criteria

• You must be at least 55 years old

• You must fulfill one of the following financial criteria:

Option 1:
AED15,000 (approx. US$4,100) monthly income from pension or previous employer

Option 2:
AED1 million (approx. US$275,000) savings in a 3-year fixed deposit

or

Option 3:
AED1 million (approx. US$275,000) unmortgaged property or mortgaged property, for which the payment to date is at least AED1 million

Option 4:
A combination of Options 2 and 3 valued for at least AED1 million (approx. US$275,000) in a 3-year fixed deposit and property worth AED500,000 each

More Countries in the GCC will soon introduce similar visas if the Dubai retirement visa works successfully.

Providing expatriate workers, who qualify, with residence visas to stay beyond their working lives and the introductions of a series of other new visa options will be key for tourism and give a boost to attractions, activities and entertainment venues.

It is estimated that there are currently over 35 million expatriate workers in the GCC countries and there could be a sizeable proportion of the white-collar community, that might want to retire in the GCC, even if it was only for a short period of time.

“With the means and time on their hands, it would be natural, not only for these retirees to travel, but also to receive family and friends. Airlines, hotels, destinations and other entertainment venues, all benefit from this additional revenue stream which ordinarily might have been lost, had the retirees returned to their home countries,” said Danielle Curtis, Exhibition Director ME, Arabian Travel Market. Arabian Travel Market 2022, which takes place on 8-11 May, will address the retirement visa topic.

If you want to receive more information on the Dubai Retirement Visa application, please visit this page.