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Updated requirements for Retire in Dubai visa as of 01/01/2021.
General updates:
All applications must contain a passport-sized photo of the applicant
and their dependents.
Retirees may sponsor their children, with no restrictions on age,
gender or marital status.
Sponsorship of domestic help is subject to compliance with Ministry of
Human Resources and Emiratisation (MOHRE) regulations and is
independent from the Retirement Visa.
Retirees are currently not permitted to work without a temporary work
permit. At this stage, such permits are issued only for short term
engagements/advisory work for the Government of Dubai.
Specific updates per application route:
A. Income route (AED 20,000 monthly)
A letter must be provided indicating that they are retired. This can
be in the form of an end of service letter from their last employer,
or a retirement letter from their social services indicating that the
applicant is retired.
GDRFA is currently prioritising income from pension schemes or social
services.
Other sources of income will be reviewed on a case-by-case basis; with
justification and evidence of source of income to support continuity
of future income.
B. Savings route (AED 1 million)
A letter must be provided indicating that they are retired. This can
be in the form of an end of service letter from their last employer,
or a retirement letter from their social services indicating that the
applicant is retired.
The AED 1 million savings must be deposited in a 3 year fixed deposit
in a UAE-based bank. Applicants must submit a letter from the bank (in
Arabic), addressed to GDRFA, stating that AED 1 million has been
deposited in a 3 year fixed deposit.
International applicants must provide an attested and translated
certificate or statement showing at least AED 1 million (or equivalent
in another currency) in their international bank account. Upon
approval of residency and arrival of the applicant, the AED 1 million
must be deposited in a fixed deposit for 3 years in a local bank
within 30 days of residency issuance.
C. Property route (AED 2 million)
If your property is mortgaged, the net equity value must be above AED
2 million and such applications will be evaluated for validity.
If the property is owned by a company and/or SPV, the company must be
wholly owned by the applicant.
Note: All applications will be
reviewed and processed by DTCM’s official processing partner, Al Rais
Travel Agencies LLC under the supervision of DTCM. All applications
submitted from 1 December 2020 will incur a US$ 25 processing fee,
payable to Al Rais directly. The payment of processing fee does not
guarantee approval of the application and is non-refundable.
---------------------------------------------
Any resident or retiree outside of UAE and over the age of 55 can
apply
Applications can be submitted under the "Retirement in Dubai" program,
which is the first of its kind in the region and the result of
cooperation between Dubai Tourism and the General Directorate of
Residency and Foreigners Affairs.
Any resident or retiree outside of UAE and over the age of 55 can
apply for the retirement visa via the website
www.retireindubai.com.
There are terms and conditions for obtaining a retirement visa that is
renewable every five years.
The retiree must have a monthly income of Dh20,000, which he
earns from investments or pension, or has a balance of one million
Dirhams, or has real estate in Dubai of two million Dirhams.
Retirement Visa features
The visa is valid for five years and can be renewed automatically
online as long as the retiree continues to meet the eligibility
criteria.
The Retirement Visa is available to you, your spouse and your
children.
To qualify, you must fulfill the below criteria:
Minimum Age: You must be at least 55 years of age
Health Insurance: You must have valid medical insurance
covering the UAE.
Financial Capacity: The applicant must meet one of the following
financial criteria:
Property Value: To own a property in the country that is not
mortgaged and is worth no less than AED 2 million (approx.
USD 550,000)
OR
Cash Savings: To have a bank deposit in the UAE of no less than AED
1 million (approx. USD 275,000) OR
Minimum income: To provide a proof that he has a monthly income
of no less than AED 20,000 (approx. USD 5,500) or of an
equivalent other currency OR
Combination of Property value and Savings: To combine points 1 and
2 so that the sum of the bank deposit and market price of the property
value is no less than AED 2 million (approx. USD 550,000).
Application documentation:
Whichever eligibility route you wish to use, ensure that you have the
required supporting evidence attached in your application email
(mentioned below).
For example, if you wish to apply using route a - Property value - you
must attach a copy of your property title deed.
If, on the other hand, you prefer route b Cash savings, then a letter
from the bank stating the value of the deposit is required.
In the case of route c - Income - a bank statement for the past 6
months and evidence of source of income is required as proof.
If you wish to use route d - Combination - then a combination of
proofs noted above to a minimum sum of AED 2 million is needed.
When ready, you can email the below mentioned documents to:
retireInDubai@dubaitourism.ae
This e-mail belongs to Dubai Corporation of Tourism & Commerce
Marketing. After reviewing your application, if it is eligible, they
will forward it to GDRFA for visa processing;
+ Passport copy of applicant, spouse and children (if applicable)
+ Marriage certificate copy (if sponsoring the spouse)
+ Current copy of visa (If applicant is a resident of UAE)
+ Copy of Emirates IDs of applicant (if applicant is a current
resident in UAE)
+ Eligibility evidence copy (as explained above).
+ Copy of a valid Health insurance policy covering UAE (policies for
spouse and children, if applicable). Please ensure you complete the
purchase your health insurance the day before your visa application.
In the situation where your application is not accepted, the health
insurance providers offer a 30 day refund period after purchase.
+ Current home address (Building number, street number, area, city,
country)
+ Mobile number and email address on which you wish to be contacted
on.
How long will it take for approval?
After submission of your documents it may take 3 working days to
receive confirmation from Dubai Tourism Department on the status of
your application.
Dubai Immigration Helpline:
800 5111
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Are you planning to Set-up your business in
Dubai? Call us for Setting up new business, LLC Formation, Amendment
in existing license, PRO Service and Translation. +971 55 811 7883,
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Tags: How to apply for retirement visa in Dubai? What are the
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for getting retirement visa in Dubai? How much does retirement visa in
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