The foreign nationals living in Dubai or other parts of the United Arab Emirates can apply for retiree visa UAE when they reach the age of 55. The visa is issued for 5 years and needs to renew when it expires.
It was a problem for foreigners who spent most of their lives working or doing business in the UAE. They had no choice but to return to their own country when they retired from their current job.
The retirement age of the Emiratis is 49 and the foreign national is 60 years. An expatriate wishing to continue working after the age of 60 must receive prior permission from the Ministry of Human Resources And Emiratization before applying for a resident visa along with a work permit.
In 2018, the UAE government approved the law to provide the renewal retirement visa for ex-pat residents over the age of 55 for a period of five years, but, there are some criteria each individual has to meet before submitting their application online or offline.
This new initiative gives some relief for the individual who spent most of their life in Dubai and has faced this dilemma when it comes to old age, they have everything in UAE including their children, relatives, and properties, but, they need to go back their country leaving behind them in Dubai because of age.
To address this issue the Dubai government has started to provide a retirement visa for UAE residents if they are working in Dubai and above the age of 55 yrs.
Eligibility for retiree visa UAE;
Dubai residents who meets the following requiremnets can secure the Dubai retiree visa with in the 15 days from the date of the application;
- You must be at least 55 years old
- You must have valid UAE health insurance*
- You must fulfill one of the following financial options;
- First Option: AED 20,000 (approx. USD 5,500) Monthly Income OR
- Second Option : AED 1 million (approx. USD 275,000) savings OR
- Third Option : AED 2 million (approx. USD 550,000) property OR
- Fourth Option : A combination of Options 2 and 3 valued at least AED 2 million (approx. USD 550,000).
How to apply for the retirement visa for uae residents?
Once you believed that you have met the above criteria you can use online or offline channels to apply for the visa. Fist visit the Dubai retirement visa website and go over the apply now button.
First step: provide your personal details
- First name
- Last name
- Mobile numbers
- And, Click the apply now for the next step
Second Step: this step needs to fill the application form with more information including
- current residential address
- Your date of birth
- And your status
- Non employed
- Then click the next step
Third Step: This is the last step for your application where you have to upload the require documents and submit it.
When you submit your application online then you would get the confirmation email of application received and When your visa application has been approved, you will need to make a payment for further processing.
Benefits of the retirement visa in uae
- Long term visa 5 years
- Renewal facility
- Multiple re-entry visa (you can enter and exit the UAE as many time as you want)
- You can sponsor your children on your visa to study in Dubai.
- Sponsor visa for the family members
How to prove your income source for the UAE retiree visa ?
- Bank statement, with AED 20,000 monthly transaction of deposit or AED 240,000 annually.
Note: Please make sure that you have a valid health insurance plan before applying for a long-term retirement visa in Dubai. Additionally, the insurance provider should offer you a refund policy if your application is not accepted.
Conclusion: This is the Global Retirement Visa for Dubai Residents provided by the UAE Immigration and Cooperation between the GDRFA and the Dubai Tourism Board. If you want to live in Dubai after retirement you have to make the plan to save or invest some money from today, because, without meeting the financial requirement you would not able to get a retiree visa UAE. On the other hand, make sure you have purchased the health insurance packages from the local company before applying for the visa.