You should apply for a 5-year retirement visa in Dubai if you are an international resident and you are older than 55. The UAE government announced the introduction of this visa in November 2021. After retirement, expats can stay in Dubai for five years. You can sponsor your spouse and kids in addition to yourself when you apply for a Dubai retirement visa.

Prospr will provide all the information you need to know if you are interested in the Dubai Retirement visa programme for people over 55. Together, we will explore all aspects of the retirement visa, including eligibility requirements, application fees, and costs.

Who is eligible to apply? Requirements for a 5-year retirement visa in Dubai

These are the four requirements to be eligible for a five-year retirement visa to Dubai. One of the four conditions must be met if you are interested in obtaining this visa.

• Option 1: AED 1 million in savings over a three-year fixed account
• Option 2: Minimum monthly income of AED 15,000 or AED 180,0000 per year
• Choice 3: A $1 million property in AED
• Option 4: AED 500,000 minimum investment per three-year deposit and AED 500,000 worth of property

Documents required for UAE retirement visa

During the application for a Dubai retirement visa, you will need to furnish the following documents:

• Copies of the applicants' passports and those of any dependents, such as spouses or kids
• When sponsoring a spouse's visa, a copy of the marriage certificate
• If you are a resident of the United Arab Emirates, provide copies of the applicant's and their dependents' current visas and Emirates IDs.

Option 1: Extra documentation needed for an income-based application for a UAE retirement visa

A letter from the organization that provides your source of income is what you will present as proof of income. You need to provide a letter from your previous employer as proof of income if your employer is still paying you a monthly retirement benefit. As proof of your stable income, you can also provide other documentation.

You will provide a six-month bank statement for validation. A minimum deposit of AED 15,000 from your source of income must be shown on this statement. Please verify that the bank on this statement is in Dubai and that bank authority has stamped it.

Option 2: Additional documentation needed for the application based on savings

You need to provide proof of retirement. It might be a letter detailing your years of service from your former employer stating that you are leaving. This must attest to your eligibility as a retiree. A letter from a social assistance organization stating that you are an eligible retiree is another option.

Your proof of savings is another document you will need to provide to receive approval for a Dubai 5-year retirement visa. This letter is addressed to GDRFA and needs to be stamped by UAE Bank. This letter must be written in Arabic and must state that you have saved AED 1 million in a bank account that is set for three years.