What’s new?
The UAE has amended its immigration framework with updated and facilitated requirements for obtaining retirement visas. The visa is valid for 5 years.
The new measure has been introduced to enhance the competitiveness and flexibility of the UAE, facilitate sector growth, spur knowledge transfer and skills development, and create greater stability and security for residents.
What’s Different?
The new residency option adds a flexible and cost-effective avenue for both new expats and current UAE residents to settle and enjoy their retirement in UAE.
The newly announced amended requirements to obtain the UAE retirement visas are as below.
- UAE property investment option: AED 1 million [AED 2 million previously]
- Monthly income option : AED 15,000 per month [AED 25,000 previously
- Combination of property and financial investment option: AED 1.5 million [AED 2 million previously]
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