The United Arab Emirates (UAE) has launched new regulations that allow expatriate retirees aged 55 and above to apply for a five-year residency visa.
The initiative is part of the government’s ongoing efforts to offer greater flexibility for retirees wishing to settle in the UAE after their working years.
The visa, which can be renewed if the applicant continues to meet specific criteria, offers retirees the opportunity to remain in the country for an extended period.
To qualify for the new visa, applicants must have worked for at least 15 years, either within the UAE or internationally.
They must also meet certain financial conditions, such as owning property worth at least Dh1 million, having savings of at least Dh1 million, or receiving a monthly income of at least Dh20,000 (or Dh15,000 for those residing in Dubai).
Retirees must also provide a recent bank statement to confirm their financial status.
The application process for this residency visa can be completed through the official ICP website or the UAEICP smart app. Applicants will log in using their UAE Pass, update their information, and pay the required fees. Once approved, the residency card will be delivered through authorized companies.
Dubai has also introduced specific regulations aimed at attracting retirees to the city. In addition to the federal program, Dubai’s regulations allow retirees, their spouses, and dependents to apply for a renewable five-year residency visa, provided they meet financial criteria such as having an annual income of Dh180,000, financial savings of Dh1 million in a fixed deposit, or owning unmortgaged property worth at least Dh1 million.
This new initiative is part of the UAE’s broader efforts to create a more welcoming environment for expatriates and retirees. It aims to offer retirees a secure and comfortable lifestyle in the UAE, where they can enjoy a high standard of living, access to comprehensive healthcare services, and a stable community environment. The move also aligns with the UAE’s vision of diversifying its economy and attracting global talent across various sectors.
