The Retire in Dubai programme revolves around seven key factors that make the city the ideal destination for retirees: Unique Lifestyle – Home to over 200 nationalities, Dubai is a cosmopolitan destination that unites cultures, beliefs, and values under a banner of tolerance and diversity. I am considering retiring in Dubai I am a British Citizen who has lived (in the 80s) in Dubai and has been back on business many times since leaving. Go from Retire in Dubai back to About Dubai City, Go from Retire in Dubai back to Dubai Holidays and Dubai Information. With this interactive map, you’re able to access the city’s must-see events and attractions. } “Retiring peo­ple find the UAE to be a safe haven, where they can buy property, set­tle and live at comparatively less expense without compromising on the quality of life and luxury.” An investor visa provides tempo­rary residence to its holder, which lasts for a maximum period of three years and enables sponsorship of family members. Find out how to set up your own business and start your passion project. For more information on how we process your personal data, please see our Privacy Policy. 20 Reasons Not to Move to Dubai (In No Particular Order) So while I’m sure there are benefits to living in Dubai, tax breaks, multi-cultural environments, and beautiful buildings aside, reconsider your plans to move here if any of the above-mentioned reasons strikes a chord within you. When you retire in Dubai, you still have the opportunity to work on your own terms. .main-spotlight-container .text h1{text-shadow: 0 0 3px #000;}. Find top international healthcare specialists, supported by a robust health insurance system. Of course, like anywhere in the world, crime does exist, but its mostly petty crimes. Retire in Dubai has also shared a breakdown of costs, covering the cost of the visa, the medical exam and Emirates ID. IN CASH SAVINGS, .sp-counter__digit{ USD 5,500) MONTHLY INCOME OR Dubai announced earlier this month that both foreign residents and people living abroad over the age of 55 can apply for the new retirement visa, organized by Retire in Dubai. padding: 30px 90px; Dubai has recently launched the ‘Retire in Dubai’ scheme. Copyright © 2020. The pros of retiring in Dubai Dubai is generally a very safe place to live, with low crime rates. If you like to indulge in the finer things in life, retiring here will fulfill your needs. Summer of 2018 the government of the United Arab Emirates of which Dubai is part, has announced a decree for allowing retirement visas in Dubai. Workers aged over 55 years can apply for the permit as long as they met one of three criteria. Accommodation in Dubai Dubai certainly doesn't have the characteristics these places poses that make them ideal to retire in. .sp-counter{ AED 1 million While Dubai is unlikely to outclass the expat retirement destinations like Spain, Portugal, Mexico, Thailand, Malaysia, or Mexico and Costa Rica, known for their low cost of living and affordable health care, there are many benefits to spending your golden days there. .s-feature-items-container .btn-global { font-size: 16px; AED 20,000 Dubai is one of the seven emirates that comprise the United Arab Emirates. PROPERTY IN DUBAI. On Thursday, September 3, the Dubai government, under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched a global retirement program, Retire in Dubai that offers resident expatriates and foreigners aged 55 and above the opportunity to enjoy the emirate’s distinctive lifestyle. .sf-icon-placeholder { Retirees will also be required to have savings of more than AED 1 million, or prove income of at least AED 20,000 per month. Dubai is a city caught in an identity crisis. display: -webkit-box; } A retired expatriate and their spouse can qualify for a 5-year residency visa with the possibility of renewal. Dubai’s highly connected infrastructure – both technological and physical – makes it easy to talk to and visit friends and family from all over the world! Use the buttons below to increase or decrease the text size: Listen to the content of the page by clicking play on ReadSpeaker.. To discover more about accessibility view our, .main-spotlight-container { A new five-year visa will allow expats to retire in the UAE, the government has announced. Return to top | Website design by SBI! The requirements include owning a real estate investment of at least Dhs2 million or … In fact whenever I go to Dubai, I rarely see anyone over the age of 60 (of course I can only guess age based on appearance). The Dubai Government has been considering retirement/savings options for non-Nationals for some time, with the World Bank encouraging such fiscal reform. […] www.visitdubai.com. If you ask 9 out of 10 retirees who are educated enough about Dubai, they will tell you it is not the right place to retire. The overall total is Dhs2,214.25, with a retirement visa costing Dhs888.75, medical exam Dhs753 and Emirates ID Dhs572.50. Amongst the group, it is a rather an independent city state and is one of the most modern in the country. A visa that allows residents of other countries to retire in Dubai was announced by the emirate's government on Wednesday. Under this scheme, foreigners over the age of 55 will be eligible for a five-year renewable visa if they meet certain criteria. } This scheme is the first scheme in Dubai, which will provide great services for retired people. (approx. background-color: #ffffff; } How do you want to spend your days and times after sunset? } display:none !important; .sp-counter{ 1 of 20. Endless sunshine, exceptional infrastructure, warm hospitality and a world of convenience at your fingertips, there’s no better place to retire than Dubai. However, during Ramadan it is a bit tough for Non-Muslims to find places to eat during fasting times. } (approx. Dubai retirement visa will give you the chance to enjoy your retirement life in Dubai. Dubai is indeed all that. -ms-flex-wrap: nowrap; margin: 0 20px 15px 20px !important; USD 5,500) What are the bad things about Dubai? To join the Retire in Dubai progamme, the applicant must meet one of the following financial criteria: These are all critical questions that must be considered. Question: I am a 70-year-old expatriate. Benefits of retiring in Dubai. As of today the decree has not yet been issued officially but it is due to become official in 2019. font-size:12px; .btn-global--large { Dubai really does have it all! From this scheme, Dubai is becoming the preferred retire destination. } li.sp-counter{ margin: 0 20px 15px 20px !important;}, .sp-counter__digit{ } Developers that Arabian Business spoke to generally agree that Dubai will be the most attractive emirate for retirees, given its advanced leisure activities’ offerings and how well connected it is aviation-wise. Retiring in the UAE: A guide on how to live and work here past the retirement age The UAE has become home to many, however, with no form of permanent residency avail­able to foreign nationals, it can be a challenge to reside in the country without employment. background: url(../images/bg/dubai-skyline.png) center bottom -80px no-repeat #0D4D7B; Get a bird’s eye view of Dubai! While the retirement visa was recently launched by Dubai’s Department of Tourism and Commerce Marketing, the visa scheme is nationwide and therefore has implications beyond Dubai. margin:0 40px 15px 0 !important; } Retire in Dubai and start your new chapter. margin-top: 60px; color: #fff; For all private sector employees in the UAE, the retirement age is 65 years. Hi, Sunil here to talk about the idea to retire in Dubai. @media only screen and (max-width: 640px){ The best restaurants, indulgent spas, museums and art galleries – what more do you need? .sf-item { Retire in Dubai; Plan Your Retirement; Apply For Your Retirement Visa Apply For Your Retirement Visa APPLY NOW . Streamline your life in Dubai – manage over 85 city services from utility bills to flight tracking with just one app. In 2018, the UAE government introduced a new visa which is specifically catered to retirees, whether those living abroad or those already in the UAE who reach retirement age. } display:none !important; .slick-dots { Live in a city where every day has something new to love. You can witness a number of mosques, churches and temples in Dubai. .s-feature-items-container { bottom: -15px; Is Dubai a good place to retire? MONTHLY INCOME Retire in Dubai: Spend your golden years right here thanks to a new visa. According to the decree, Dubai government human resources department (DGHR) will form a committee to evaluate the retirement requests of employees. min-height: 220px; Retire in Dubai and start your new chapter. } margin-top: 20px; }. So, do you still want to retire in Dubai? The committee is composed of representatives from Dubai's Department of Finance, the General Secretariat of Dubai Executive Council and the General Secretariat of Dubai's Supreme Legislation … font-family: "OpenSans-Bold"; } I guess the first step would be to ask yourself what kind of retirement you want? A representative of DGHR will chair the committee. body .sf-item__content { Dubai’s safety and sunny climate has made this city a melting pot of cultures. Hi; I currently live and work in Kuala Lumpur. Dubai is a city filled with convenience. The five-year retirement visa allows Dubai residents and citizens from around the world to live in the emirate provided they meet criteria. When I think places to retire I think of the Caribbean, states like California and Florida, France, Italy and Spain. From sandy beaches to beautiful gardens and mountain adventures, you’re spoilt for choice when it comes to staying active and healthy. To be eligible for the Retirement Visa, you must be older than 55 years and fulfill the financial requirements: .sp-counter__digit{ Copyright © Dubai-Information-Site.com All Rights Reserved (approx. Published: September 03, 2020 10:56 Huda Tabrez, Living in UAE Editor. The requirements for a retirement visa in Dubai are pretty straightforward with expats needing to have an ownership of a real estate invest investment of at least AED 2 million. Whilst the economy is reasonably resilient when compared to other regions, the UAE Government is nevertheless considering strategies to generate and diversify income streams. But one thing that it is not is a place to retire. Dubai provides its residents with the most comfortable and convenient lifestyle, from home services to food delivery. To be eligible for the Retirement Visa, you must be older than 55 years and fulfill the financial requirements: 00 AED 20,000 (approx. Rest easy knowing that all your medical needs are taken care of. The Dubai Retirement Visa is available to you, your spouse and your children. } display: flex; flex-wrap: nowrap; To receive an e-mail with further details on the visa application process, please submit your details below: Thank you for subscribing to our newsletter. margin-top: 5px; display: -ms-flexbox; AED 2 million display:none !important; USD 550,000) Dubai is basically a Muslim city but people belonging to all the religions live and practice their religion freely! text-align: center; Retirees can experience some of the world's most exclusive restaurants, spa’s, hotels, entertainment facilities and events. USD 275,000) Bring your kids with you and have them attend leading schools and universities from around the world. Banks offer innovative and flexible home financing options to help you purchase your dream home. Turn Your Hobby Into a Living Like We Did. You are now leaving 2. margin-top: 80px !important; Live in a city where every day has something new to love. By the beach or in the city centre, Dubai’s villas and apartments are stunning, and will make you want to spend quality time in the comfort of your own home. If you have made up your mind that retiring in Dubai is the best option for you, there’s a Dubai visa which caters to your needs: the Dubai Retirement Visa. Eligible applicants must be older than 55 and have valid UAE health insurance. The Retire in Dubai programme revolves around seven key factors that make Dubai the ideal destination for retirees: Unique Lifestyle - Home to over 200 nationalities, Dubai is a cosmopolitan destination that unites cultures, beliefs, and values under a banner of tolerance and diversity. text-align: center; padding: 13px 48px; The primary criteria of the ‘Retire in Dubai’ scheme are – Monthly income of 20,000 dirhams (around US$5,445) and Be a part of a happy, diverse community. Requirements: You … This site is maintained by Dubai Corporation of Tourism & Commerce Marketing. A bird ’ s safety and sunny climate has made this city melting. Able to access the city ’ s, hotels, entertainment facilities events! From this scheme, Dubai is one of three criteria retiring in Dubai, ’... Be eligible for a 5-year residency visa with the possibility of renewal when you retire in UAE... The United Arab Emirates s eye view of Dubai and citizens from around world! 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