Thinking about a place where you can truly enjoy retirement? Dubai, in the UAE, is an excellent choice. The city’s retirement visa program warmly welcomes retirees over 55, offering a safe, vibrant environment to enjoy life. With a retirement visa, Dubai becomes a new home with easy access to top-notch amenities and a high standard of living.
With over 85% of Dubai’s population made up of expatriates, the retirement visa offers a unique opportunity for retirees from around the world to live a fulfilling life in Dubai. Here’s everything you need to know about applying for a Dubai Retirement Visa.
So, let’s understand the requirements, the application process, and the benefits of applying for a Retirement Visa in Dubai.
What is a Retirement Visa in Dubai?
The UAE Retirement Visa is a special residency permit designed for expatriates aged 55 and older. With this visa, retirees can legally live in Dubai for five years, with options for renewal, provided they meet the criteria. It’s an ideal option for those seeking a warm climate, world-class amenities, and a secure environment to enjoy their golden years.
Eligibility Criteria for Dubai Retirement Visa
To qualify for a Retirement Visa in Dubai, applicants must meet the following requirements:
- Age Requirements: Must be at least 55 years old.
- Financial Requirements (must meet one of the following):
- minimum monthly income of AED 20,000.
- Property ownership in Dubai is worth at least AED 2 million.
- Savings of at least AED 1 million in a fixed deposit.
- Health Insurance: Applicants must have valid health insurance covering their stay in Dubai.
- Police Clearance: A police clearance certificate from the applicant’s home country or the UAE, confirming a clean criminal record.
Required Documents for Dubai Retirement Visa
To apply for a Dubai Retirement Visa, you will need to provide the following documents:
- Valid Passport (minimum six-month validity)
- Recent Passport-sized Photo
- Health Insurance Documentation
- Proof of Residence in Dubai (rental agreement or property ownership)
- Financial Proof (bank statements, salary certificates)
- Any Other Relevant Documents
How to Apply for a Retirement Visa in Dubai, UAE?
Here’s a simple step-by-step guide to applying for your Dubai Retirement Visa:
1. Prepare Documents: Gather all the necessary documents, including passport copies, photographs, financial proof, health insurance, proof of residence, and the completed application form.
2. Complete the Application Form: Download the application form from the GDRFA website and fill it out accurately.
If you are presently residing in Dubai under a work visa, visit the Dubai branch of the General Directorate of Residency and Foreigners Affairs (GDRFA).
If you are abroad, check if you require an entry visa to enter Dubai. Once in Dubai, apply for the Residence Retirement Visa.
3. Submit Your Application: Submit your form and documents via the GDRFA website, the Dubai Now app, or a GDRFA office or authorized typing center.
4. Pay the Application Fee: Application fees vary depending on processing time.
5. Medical Fitness Test: Take a medical fitness test at an approved center.
6. Visa Processing: Wait for application processing (times may vary).
7. Receive Your Visa: Once approved, collect your visa from the GDRFA office or receive it electronically.
Cost of Retirement Visa in Dubai
The cost of a retirement visa in Dubai is approximately between AED 3000 to AED 10,700 depending on individual choices and circumstances. The five-year retirement visa may slightly increase overall costs due to the longer duration of health insurance and other potential fees.
This fee covers all the visa-related expenses, including:
- Entry permit
- Visa status adjustment
- Residency stamping
- Emirates ID
- Medical examination
- Management fees
Note: Costs may vary. Check official sources or consult Shuraa Business Setup for the latest fees.
Benefits of the Retirement Visa in Dubai
The Dubai Retirement Visa offers many advantages for expatriates. Key benefits include:
- Sponsorship for Spouse and Children: Retirees can sponsor their spouse and children (under 18 for boys, under 21 for girls).
- Multiple Entries to the UAE: Holders enjoy unlimited entry and exit without minimum stay requirements.
- Resident Privileges: Access healthcare, local services, and community events.
- Financial Flexibility: Open bank accounts, invest, and enjoy a business-friendly environment.
- Security and Stability: Live in a safe environment with a reliable legal system.
Renewal Fees for Retirement Visa in Dubai
A Dubai retirement visa is typically valid for a period of five years. However, it can be renewed if the above-mentioned eligibility criteria are met. The GDRFA initiative focuses on employees who have worked in the Emirates for over a decade.
The main objective of this initiative is to provide a hassle-free retirement option for long-term residents and expats to enjoy the unique benefits of living in the UAE post-retirement. Tourism and foreign investments are also expected to boost the country’s economy.
Investor visa in Dubai
The UAE investors visa is given to individuals holding professional licenses or free zone companies. The labour law denotes retirement at the age of 60; in some instances, companies also legally terminate workers.
However, an alternative solution to continue living in the country would be to become an investor in the UAE or get a Dubai partner visa. Investing in a venture or setting up a business in UAE allows you to continue your stay and make money with exciting investment avenues.
Getting your business started in Dubai without worrying about your investor visa renewals is possible. However, Company formation experts at Shuraa Business Setup will help you set up shop in the Emirates and pay for your investor visa for life! Avail our best-selling package worth AED 18,500, and we will take care of all the necessary documentation and formalities.
Start Your New Life in Dubai Today!
Applying for a Retirement Visa in Dubai is a great choice for retirees who want to enjoy a lively and fulfilling life in this amazing city.
If you’re thinking about retiring in Dubai, the process can be smooth with the right support. Shuraa Business Setup can guide you through each step, ensuring you meet all requirements and gather the necessary documents. If you’re interested in investing in Dubai, Shuraa can also help set up your new venture.
Contact us to learn more about retirement and investor visas in the UAE:
- Call: +97144081900
- WhatsApp: +971507775554
- Email: [email protected]
Frequently Asked Questions
1. What is the retirement age in the UAE?
For Emiratis, the retirement age is typically between 60 and 65. Expatriates can retire as early as 55 if they qualify for a UAE Retirement Visa.
2. What is the minimum age to apply for a Dubai Retirement Visa?
For expatriates, the minimum retirement age to apply for a Retirement Visa in Dubai is 55 years.
3. How much does a 5-year retirement visa in Dubai cost?
The cost of a 5-year Retirement Visa in Dubai ranges from AED 3,000 to AED 7,000, including application fees, medical tests, and insurance.
4. Can I sponsor my family with a Retirement Visa?
Yes, retirees can sponsor their spouse and children (under 18 for boys, under 21 for girls).
5. Is health insurance required for a Dubai Retirement Visa?
Yes, valid health insurance is mandatory for all retirement visa applicants.
6. Can I renew my Retirement Visa after 5 years?
Yes, the Retirement visa is renewable if you continue to meet the eligibility requirements.
7. How to retire in the UAE?
If you are looking for a place to retire, look no further than Dubai! With our Retire in Dubai programme, you can apply for a retirement visa.
To retire in the United Arab Emirates (UAE), you must meet certain criteria and obtain a visa:
1. Age: You must be at least 55 years old
2. Finances: You must meet one of the following criteria:
- Have a monthly income of at least AED 20,000 (approximately US$5,000)
- Have at least AED 1 million (approximately US$275,000) in savings in a fixed deposit
- Own property in Dubai worth at least AED 2 million (approximately US$275,000)
- Have a combination of savings and property valued at a minimum of AED 1 million
3. Visa: You must obtain a residency visa to remain in the UAE. One option is to have your spouse or children sponsor you if they work or own businesses in the UAE. You can also consider a self-sponsored residence visa, such as the Real Estate Investor Visa or the Golden Visa.
You can also consider these tips for retirement planning in the UAE:
- Create a pension plan
- Diversify your investments to lower risk
- Start planning early to save more for retirement
- Review your budget to find opportunities to save
