41 C
Dubai
Friday, July 26, 2024
spot_img

Dubai Retirement Visa: Eligibility, Expenses, and Key Information

Retirement Visa In November 2021, the UAE government introduced amendments to the law, granting expatriate residents the opportunity to stay in the country post-retirement. Here’s an in-depth guide on the retirement visa:

Eligibility Criteria:

To qualify for the retirement visa, residents must meet the following criteria:

  1. Worked for a minimum of 15 years inside or outside the UAE or be 55 years old or older at retirement.
  2. Fulfill one of the following options:
    • Minimum yearly income of Dh180,000 or Dh15,000 monthly income.
    • Dh1 million in savings in a 3-year fixed deposit.
    • Dh1 million in property.
    • A combination of Options 1 and 2, totaling at least Dh1 million in a 3-year fixed deposit and Dh500,000 in property.

Application Process: Retirement Visa

  1. Choose Your Option:
    • For savings-based applications, deal with the General Directorate of Residency and Foreigners Affairs (GDRFA).
    • For property-based applications, contact the Dubai Land Department (DLD).
  2. Online Application (GDRFA):
    • Visit https://smart.gdrfad.gov.ae, select ‘Individuals’ login, and register for a new application.
    • Follow the on-screen prompts and submit the online form.
  3. In-Person Application (DLD):
    • Visit the DLD office in person to proceed with the application.

Required Documents (Common for All Options):

  1. Passport copy of the applicant and dependents (spouse and children).
  2. Marriage certificate copy (if sponsoring a spouse).
  3. Copy of the current visa of the applicant and dependents (for UAE residents).
  4. Copy of Emirates IDs of the applicant and dependents (for UAE residents).

Additional Documents (Dependent on Chosen Option):

For Proof of Income:

  • Document indicating the beneficiary’s name and date of commencement.
  • Letter from the relevant entity providing the source of income or a letter from the previous employer.
  • 6-month bank statement from a Dubai-based bank showing a minimum deposit of Dh15,000 monthly or Dh180,000 yearly, stamped by the bank.

For Proof of Retirement:

  • End-of-service letter from the last employer or a letter from a social service entity confirming retirement.

For Proof of Savings:

  • Stamped bank letter in Arabic from a UAE-based bank indicating Dh1 million in savings in a 3-year fixed deposit, addressed to GDRFA.

For Property Option:

  • Copy of the title deed showing property in Dubai valued at Dh1 million.
  • 100% ownership of the company if the property is owned by a company.

For Savings and Property Combination:

  • Additional documents for both options.

Visa Fees:

If the application is approved, each applicant must pay Dh3,714.75 covering visa-related expenses, including entry permit, visa status adjustment, residency stamping, Emirates ID, medical examination, and management fees.

This comprehensive guide ensures a smooth understanding of the retirement visa application process, empowering expatriates seeking to make the UAE their post-retirement home.

Also Read

Abu Dhabi’s Artificial Wave Holds Its Own Among the World’s Best, According to Renowned Surfer

“Immerse Yourself in an Unforgettable Race Weekend Getaway at W Abu Dhabi – Yas Island”

Related Articles

Emirati Artist Dhaen Juma Al Tamimi Passes Away at 75

Emirati Artist Dhaen Juma Al Tamimi Passes Away at 75The art world is mourning the loss of renowned Emirati artist Dhaen Juma Al Tamimi,...

UAE Secures Victory in Bid to Host COSPAR 2028

UAE has secured a prestigious victory by winning the bid to host the Committee on Space Research (COSPAR) Assembly in 2028. This milestone event, which...

UAE: Police Arrest Gang for Stealing Over Dh1 Million Worth of Laptops.

UAE police successfully arrested a gang responsible for the theft of 1,800 laptops valued at more than Dh1 million. The meticulously planned operation showcased the...

UAE Weather: Enjoy Lower Humidity and Pleasant, Partly Cloudy Skies.

UAE is experiencing a slight respite from its typically high humidity levels, offering a more comfortable environment for residents and visitors alike. The National Center...

Dubai Innovative ‘Silent Radars’ to Enhance Safety in Residential Areas

Dubai is stepping up its traffic enforcement measures with the introduction of new 'silent radars' designed to catch traffic violations in residential areas. This innovative...

Latest Articles