Most people, when they reach their twilight years, want to spend a relaxing life in the company of their near and dear ones. And there can certainly be no better place than to do this in Dubai. Known as a happening city, Dubai has another side to it that not many people know about.
Some neighbourhoods in this emirate, particularly the beach/sea facing ones, are known to offer a tranquil and serene lifestyle, perfect for those seeking retirement homes. However, for this, you need to have a retirement visa.
For the uninitiated, it is a long-term, renewable visa that can be obtained by retired expats, along with their families and children. In this article, we have covered retirement visa Dubai requirements, process, and every other detail. Continue reading to know more!
The minimum age requirement for obtaining a Dubai retirement visa is 55 years. Furthermore, the children of the retiree (applicant) need to meet a certain age criterion as well in case they want to apply for the visa. Boys must be below 18, while the maximum age limit for girls is 21. Once they have reached this age, it’s mandatory for them to apply for student visas.
As per the retire in Dubai scheme, the candidate must meet one of the following financial conditions:
The process to apply for a retirement visa in Dubai is rather simple and straightforward. The entire process is carried out online. All you have to do is to follow the steps given below to apply for your visa:
The first, and perhaps the only complicated, step is to arrange the required documents. These include:
This shows that the applicant is a qualified retiree. This proof of retirement can be provided in the form of:
A document showing the applicant’s proof of income is also required. This is basically a letter that should show that they receive at least AED 20,000 (monthly) or AED 240,000 (annually) income. The letter must mention the beneficiary (applicant)’s name and their date when their pension has commenced.
This letter can be obtained from the previous employer in case they provide the applicant with the monthly retirement income. If the applicant gets their pension from any other relevant entity, they should get a letter from that organisation.
The applicant must produce a six-month bank statement. It should be divided into 6 monthly statements, each stamped by their bank. Bear in mind that income received from social services or pension schemes is considered only. There should be a minimum deposit of AED 20,000 from the applicant’s social service or pension scheme in their account. This account must be maintained in a Dubai-based bank.
Apart from the proof retirement letter as discussed in detail above, the applicant needs to present the following documents:
It is a stamped bank letter showing that the applicant has maintained their 3-year fixed deposit account having the minimum specified amount. (AED 1 million). The letter must be in Arabic and addressed to the General Directorate of Residency and Foreigners Affairs (GDRFA) by a bank based in the UAE.
The retiree needs to present a copy of their property’s title deed. According to the title deed, the value of the property must be AED 2 million or above. It should be located in Dubai. If the property is shared by multiple owners, the collective share of the applicant and their spouse must be AED 2 million. In case the said property is owned by a company, the retiree must fully own that entity.
Furthermore, the property must be unmortgaged and ready to move in. Off-plan property owners are not eligible for this scheme. If the applicant has multiple properties with a combined worth of AED 2 million, their application can still be processed, provided they meet the criteria discussed above.
The documents necessary for both options 3 and 4 are mandatory if the applicant is going with this option.
Once all the required documents have been arranged, they must be emailed along with the completed Dubai retirement visa to email@example.com.
The applicant is required to pay a processing fee of USD 25 (approx. AED 92). It is non-refundable and doesn’t imply approval. This is paid for processing the application.
After receiving the payment, the relevant authorities will review the application. If the application is incomplete or a document is missing, the applicant is contacted.
Once they have reviewed the application, they will then forward it to the concerned authorities for processing. If you have selected option 1 or 2, it will be forwarded to GDRFA. For option 3, DLD will process the application.
The retiree will receive updates on their visa application status directly from GDFRA or DLD, depending on the option they have selected.
This is the last step. When the application is approved, the retiree is required to deposit fees for the retirement visa and emirates ID. It amounts to AED 2,214.75 per applicant/dependent.
What is the validity of the Dubai retirement visa?
The visa remains valid for five years. It can be renewed online if the visa holder meets the requirements.
Can non-UAE residents apply for the Dubai retirement visa?
Yes, those who do not currently reside in the country can apply for this visa as well.
Is health insurance necessary to apply for a Dubai retirement visa?
No. It’s not mandatory to have medical insurance at the time of applying for this visa. Having said that, the application has to undergo a complete medical examination if their application is approved. Furthermore, they will be asked to purchase medical insurance.
Who reviews and processes the applications for the retirement visa in Dubai?
Al Rais Travel Agencies LLA, the official processing partner of DTCM (Department of Tourism and Commerce Marketing), oversees matters pertaining to reviewing and processing retirement visa applications.
How long does the application processing take?
It can take up to 15 days for the retirement visa application to be processed after it has been reviewed.
Is there any requirement to live in Dubai for a particular time period after the approval of the application?
No, there are no limitations. You can freely travel to any country, provided your visa is active.
In all, the retire in Dubai scheme provides a remarkable opportunity to those looking to spend retirement days in the City of Gold. So, if you meet this criterion, apply for the retirement visa and spend the rest of your living years amidst luxury and convenience.