Dubai: Retirees rejoice! Dubai has announced a brand-new five-year visa just for you!
A first-of-its-kind in the region, the scheme allows for residents and foreigners above 55 years of age to start a new chapter of their life in the emirate, Khaleej Times reported.
Those interested must have a monthly income of Dh20,000 from investments or pensions, Dh1 million in savings or property in Dubai worth Dh2 million to apply.
Launched by Dubai Tourism and the General Directorate of Residency and Foreigners Affairs (GDRFA), the new initiative was issued as per the directives issued by UAE Prime Minister and Dubai Ruler His Highness Shaikh Mohammed bin Rashid Al Maktoum.
"To ensure a competitive offering, Dubai Tourism has worked with its partners to develop key propositions for retirees covering healthcare, real estate, insurance and banking," the Dubai Media Office government said.
"In its initial phase, the programme will focus on UAE residents working in Dubai who have reached retirement age.
"The programme offers long-term residents of the city who are familiar with Dubai's value proposition an easy and hassle-free retirement option.
"Dubai's close proximity with the native countries of a large majority of residents makes it a convenient retirement destination for them," it added.
Dubai Tourism has also worked out special plans for banking options which will assist retirees in owning a property that fits their lifestyle.
Tourism director-general Helal Saeed Almarri said the emirate's "retirement readiness strategy" will enable expatriates and international retirees to take advantage of the city's "open-door policy, tolerance, and outstanding quality of life".
Those interested may apply for the visa on www.retireindubai.com.
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