Everyone has different ambitions in life. Some of us picture retirement as the opportunity to curl up on the couch in the comfort of the homes we have lived in lifelong. Others want to move to a totally different country or even continent. They wish to experience what they had not before—a relaxing environment and time only for themselves. People spend their whole lives working themselves to the ground. They long for rest and peace. They wait patiently for years, looking forward to the time when they can finally sit back and relax while enjoying pretty sunsets. For many, the UAE Retirement Visa presents an ideal opportunity to fulfill these dreams, offering a serene and vibrant new beginning in a beautiful setting.
Many of us wish to retire in the best spots for retirees around the world. Various cities and countries attract many retirees. UAE is one of these places which a lot of people consider their post retirement destination. Are you exploring your options to retire in Dubai? Well, you are in luck! Because you have landed at the right place. Royal Visa brings you the many benefits of a 5-year retirement visa for UAE, its cost and the criteria when applying for one.
A Guide to UAE Retirement Visa Requirements
Unlock a door to a peaceful dream retirement destination. Retire in UAE upon fulfilling your retirement visa requirements. You do not have to search the very depths of endless internet search because we have got you covered.
Here are some UAE retirement visa requirements:
- Applicant’s passport copy
- Dependents passport copy
- Copy of title deed
- UAE Visa copy
- Emirates ID
- Medical Insurance Plan
- Proof of income
- Proof of savings letter
Once you complete all the UAE retirement visa requirements, you become eligible for a retirement visa Dubai.
Meeting the Eligibility Criteria
There are particular criteria to be considered eligible for a 5-year retirement visa Dubai.
First of all, the applicant must be at least 55 years of age minimum. They should also have valid health insurance. Meeting these UAE retirement visa requirements makes you eligible.
Property Ownership, Savings, or Income Options
It is necessary to have some form of financial security. To be eligible for the UAE retirement visa, it is required to fulfill one of the following financial criteria:
- A sustainable income of at least:
- AED 180,000 per year
- AED 20,000 per month
- Financial savings of minimum AED 1 million
- A property investment that is worth AED 2 million
Planning for Your UAE Retirement Visa in Dubai
Planning to live your golden years in Dubai calls for cost considerations. You will be exploring your options against the retirement visa Dubai cost.
Property, Fixed Deposits, or a Combination
These are the minimum investment options when considering the retirement visa Dubai cost:
- Fixed Deposit
-
-
- Minimum deposit needs to be AED 1,000,000
- The amount has to be held in a 3-year fixed deposit in a UAE bank
-
- Property
-
-
- A minimum investment of AED 1,000,000 is required
- The property needs to be worth at least AED 1 million
- It has to be fully owned
- It should not be mortgaged
-
- Combination of Property and Fixed Deposit
-
- The minimum investment for the combination of this will be a total value of AED 1,000,000
- Fixed deposit and property can be combined with each contributing AED 500,000 towards the total value at least
There is more retirement visa Dubai cost involved beyond the minimum investment:
- Application Fees: Additional fees associated with:
- visa processing
- medical testing
- Renewal Fees: Consider the renewal fees for the retirement visa when calculating the overall cost.
5-Year Retirement Visa Dubai: A Long-Term Residency Solution
The 5-year retirement visa Dubai is definitely a great long term residency solution. You will be able to spend your golden years in UAE while enjoying some great perks. The visa is renewable. Once you complete the eligibility criteria again, your visa will again be renewed.
Benefits of Extended Stay: Residency, Travel Freedom, and More
There are a number of benefits of extended stay in the UAE. With a UAE retirement visa, you get access to all these lucrative advantages that you wish for.
With a UAE retirement visa, these are many UAE retirement visa benefits. We share some of them here:
- You can reside legally in the UAE. With the visa, you sleep with the peace of knowing you are legally compliant to the UAE laws. A 5-year retirement visa Dubai will let you have residency in the city for the whole 5 years.
- There is freedom to travel to some of the most attractive places around the world too.
- The advantages do not end just here. There is a lot more to it than just beaches and pretty sunsets.
Beyond the Beaches: Unveiling the UAE Retirement Visa Benefits
We share more prominent UAE retirement visa benefits beyond the commonly heard ones. There are tax advantages and lifestyle perks. There is the favorable environment and the ability to sponsor.
With a UAE retirement visa, you can sponsor your children and spouse. Another advantage is that the visa is renewable so there is no stopping you from living your dream retiree life.
Tax Advantages: Enjoying a Competitive Tax Environment
With the tax advantages of Dubai, you find yourself fortunate. Enjoy a competitive tax environment. There is a stable financial atmosphere where retirees thrive.
Lifestyle Perks: Access to Healthcare, Education, and Amenities
There is a high quality health system. People who believe in health is wealth will consider themselves truly rich in the country.
Beyond your own retirement, you can enroll in the university of your choice in Dubai. There is a sea of knowledge out there. And there is nothing wrong with taking advantage of that. You can also make sure your sponsored children receive a good education.
Looking forward to retirement in the UAE? Get in touch with Royal Visa and we will help you out with the whole process.
