Living In UAE

UAE retirement visa: Who is eligible?

Conditions for the visa were announced after a UAE Cabinet meeting on November 9

Published: November 10, 2021 17:47 Huda Tabrez, Living in UAE Editor

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The visa’s conditions was announced after a UAE Cabinet meeting on November 9 — Image Credit: Stock image

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The announcement was made after a cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. — Image Credit: Gulf News archives

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In a tweet, Sheikh Mohammed wrote: “We approved today amending the conditions for granting residency visas for retired foreigners where they can continue to stay in the UAE. We welcome everyone to our country.” — Read about the other decisions taken by the UAE Cabinet during the meeting, here: gulfnews.com/1.1636450317017 Image Credit: Stock image

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As per the amendment, if the retiree fulfils one of the following criteria, will be eligible for retirement residency. The criteria are: — Image Credit: Stock image

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1. A single property or more than one property worth Dh1 million (evaluation to be carried out by the related entity in each Emirate); or 2. or a bank deposit of no less than Dh1 million; or — Image Credit: Stock image

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3. an active income of no less than Dh180,000 per annum. — Image Credit: Stock image

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The move is expected to support the UAE efforts to achieving more flexibility in terms of residency laws and visa requirements. — Image Credit: Stock image

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