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The Requirements For The New Five-Year Retiree Visa Have Been Announced

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Yesterday the shock news that the UAE Federal Cabinet, under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai, allowing expats to remain in the UAE after retirement broke.

And the conditions under which an expat can stay for a longer period have now been revealed.

From 2019, expat retirees over 55 years of age can gain a five-year visa under the following conditions

  • Expat must have a property worth over AED2million or,
  • Financial savings of no less than AED1 million or,
  • An active income of no less than AED20,000 per month

A one-day court system, reduced electricity fees for the industrial sector and health service improvements were also announced by the Cabinet

Electricity fees will also be reduced in the industrial sector – for large, medium and small factories.
A new one-day court system is designed to provide a fast and efficient service for the community and to speed up the judicial system’s process.
The cabinet also adopted unified national standards for public and private hospitals bringing the level of service on par with international practices in line with the UAE Vision 2021.

HH Sheikh Mohammed commented on the UAE’s support for the industrial sector

“We launched today an initiative to support the industry sector and to affirm UAE’s position on the global map as an attractive investment destination that provides an integrated environment for growth and sustainability

We are investing in a sustainable industrial sector through the collaboration between different government entities and our goal is to be a successful model for the green economy to preserve our environment for future generations.”

HH Sheikh Mohammed

“The promotion of our economy does not stop. The competitive lifting of our country trip has no end line”

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