Retirement Visa

In September 2018, the UAE Cabinet adopted a law to grant retired people over 55 a 5-year long-term visa. To qualify for a 5-year renewable retirement visa, a retiree must meet one of the qualifications listed below:

• In addition, invest in AED 2 million worth of property.
• Have a minimum of AED 1 million in financial savings
• It is necessary to have an active monthly income of at least AED 20,000.

Visa Requirements and Eligibility Criteria

Anyone who meets the eligibility criteria can renew their Visa.

• To apply, you must be at least 55 years old.
• At least one of the financial conditions stated below must be met.

A: AED 20,000(approx US$5,500) monthly income from a pension or previous employer

Additional Documents Required

• Proof of retirement letter- To prove that you are a qualified retiree who has previously worked. For example, it might be an end-of-service letter or a letter from your social services or a comparable entity.
• Proof of income source letter- A letter confirming that you earn at least AED 20,000 per month/AED240,000 per year.
• 6-month bank statement -GDRFA only evaluates income from pension schemes or social service incomes.

B: AED 1 million (approx US$275,000) savings in a three-year fixed deposit

Additional Documents Required

• Proof of retirement letter- To prove that you are a qualified retiree who has previously worked. It could be an end-of-service letter or a letter from your social services, or an equivalent entity.
• Proof of savings letter – Stamped bank letter to a UAE -based bank (in Arabic)

C: AED 2 million (approx US$550,000) unmortgaged property

Additional Documents Required

• Copy of title deed – The property location must be in Dubai (not any other emirate or country)

D: A combination of 2 and 3 with a minimum value of AED2 million (approx US$550,000) in a three-year fixed deposit and unmortgaged property.

Additional Documents Required

• Copy of title deed – (make sure your property location is in Dubai.)
• Proof of savings letter –
• Stamped bank letter (in Arabic) from a UAE-based bank of the balance amount

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