Dreaming of retiring in Dubai? Here are the steps to secure your long-term visa

Dubai is not just a dream destination for young and affluent individuals but also a magnet for retirees seeking a comfortable and fulfilling post-retirement lifestyle.

For those considering retirement in the Emirates, the city offers an exceptional variety of contemporary apartments and luxurious villas situated within lively and well-appointed residential communities. These modern living spaces are designed to provide retirees with comfort and convenience, ensuring a high quality of life.

One of the financial criteria involves demonstrating a sustainable annual income of at least AED 180,000 (approximately USD 49,000). This translates to a monthly income of AED 15,000 (around USD 4,100), ensuring that retirees have a steady and sufficient income to support themselves while living in the country.

Alternatively, retirees can meet the financial requirement by having AED 1 million (about USD 275,000) in a 3-year fixed deposit account. This ensures they have adequate savings to support themselves during their stay in the UAE.

Another option for meeting the financial criteria is to own AED 1 million (approximately USD 275,000) worth of unmortgaged property or a mortgaged property where payments made so far total at least AED 1 million. This demonstrates substantial financial commitment and stability, meeting the requirements for a long-term visa in the UAE.

Alternatively, retirees can fulfill the financial criteria by combining Options 2 and 3. This involves having a total value of at least AED 1 million (approximately USD 275,000) with AED 500,000 in a 3-year fixed deposit and AED 500,000 worth of property. This combination of savings and property demonstrates sufficient financial stability to support a long-term stay in the UAE.

Source : https://economictimes.indiatimes.com/nri/migrate/dreaming-to-retire-in-dubai-discover-the-steps-to-secure-your-long-term-visa/articleshow/112156592.cms