Retirement Visa Dubai: Eligibility, Benefits, And Cost & How to Apply

It comes as no surprise that Dubai is a well-known global hub for business, luxury, and technology. However, in recent years, it also become an attractive destination for retirees planning their life in the UAE. This is where the Dubai Retirement Visa comes in!

Dubai boasts world-class healthcare, architectural brilliance, a secure environment, and a zero-tax policy, making it one of the best cities. Also, it is an ideal setting for those looking to enjoy the golden years of their life in the UAE.

To cater to the increasing demand, the UAE Government has launched the retirement visa in Dubai, further streamlining the process for seniors to enjoy a safe and comfortable life in the Emirates.  

In this comprehensive guide, we will cover everything you need to know about the Dubai retirement visa, including eligibility, benefits, cost, validity, and how to apply. No matter if you are already a resident or planning to move to the United Arab Emirates, this blog will help you make an informed decision.

What Is a Retirement Visa Dubai?

A Retirement Visa in the UAE is a long-term residency visa designed for retirees who are aged 55 and above.

This visa was officially launched by the UAE Government, allowing individuals to reside in Dubai without any employment, while enjoying easy and convenient access to top-notch healthcare, banking facilities, property ownership, and other benefits that other residents of the UAE have.

This retirement visa is often referred to as the 5-year retirement visa. You can renew this visa as long as you fulfill the eligibility criteria. The launch of this visa reflects the broader perspective of the UAE to gather the attention of long-term residents and investors, making retirement age secure and appealing.

Why Choose Retirement in Dubai?

Dubai is an ultimate synonym for comfort, safety, and luxury lifestyle. 

It is a city that continues to appeal to retirees from across the globe. Some of the most prominent reasons why people choose to apply for a retirement visa in Dubai include:

• Tax-friendly living: Dubai has no personal income tax on pensions or savings
• Top-Notch healthcare facilities: Access to world-class hospitals and medical facilities
• Safe and secure environment: One of the safest cities, renowned globally
• Luxury lifestyle: Pristine Beaches, spacious golf courses, multiple shopping options, and fine dining restaurants with iconic views
• Strategic location: Allows seamless travel to other countries, such as Europe, Asia, and Africa

The advantages mentioned above make this visa appealing for retirees seeking a winning combination of comfort and seamless connectivity with the rest of the world.

Eligibility Requirements for Dubai Retirement Visa

In order to qualify for the 5 year retirement visa in Dubai, as a Dubai resident or international resident, you need to meet eligibility requirements.

• The Minimum Age Requirement to Apply for This Visa is 55 Years or Older

Now, after fulfilling the age requirements, you need to meet at least one of the financial requirements listed below:

1. Dubai Property Ownership

To apply for the visa, you need to own a property worth AED 2 million or more. Also, you need to ensure that the property is not owned by taking a mortgage.

2. Savings

You must have savings of at least AED 1 million in the UAE Bank.

3. Monthly Income

The retiree applying for the retirement visa needs to have a monthly income of at least AED 20,000 for the UAE and AED 15,000 for Dubai, from a pension source. To prove this, you need to provide the government with the bank statement for the last 6 months.

Meeting these eligibility requirements can qualify you for the Dubai retirement visa and its renewal.

Retirement Visa Dubai Benefits

The retirement visa Dubai benefits go beyond the advantage of residency. This 5-year visa provides retirees with complete peace of mind and access to the premium amenities that the UAE residents enjoy.

Key Benefits Include:

• Long-term residency visa – valid for a period of 5 years
• Ability to own a property in Dubai
• Access to banking services and insurance
• Eligibility to sponsor family members
• Long-term stability without any obligations related to employment
• Easy and convenient access to enjoy Dubai’s lifestyle, leisure, and healthcare facilities

For many retirees, these benefits listed above make Dubai the first enjoyable retirement destination.

Documents Required for Residency Visa in Dubai

When applying for the retirement visa in Dubai, it’s essential to prepare all necessary documents to ensure a smooth process.

A. Personal Identification Documents

•   Passport with a validity of at least six months (For both the applicant and the dependent)
•   Passport-size photographs (with a white background, per UAE photo standards)
•   A copy of the marriage certificate (in case you want to sponsor your spouse)
•   UAE Current Visa and  Emirates ID (applicable for residents)

B. Financial Documents

The financial documents to apply for this visa are:

• Retirement letter, income source letter, and 6-months bank statement, if you want to showcase your income of AED 20,000 per month.
• Proof of savings and retirement letter if you have AED 1 million savings.
• A copy of the title deed if you own a property in Dubai worth AED 2 million.

Note* the property you own in Dubai should not be an off-plan project in Dubai, and the amount for the same should be fully paid.

C. Additional Documents

• Filled visa application form
• Proof of UAE residence (if applying from within the country)
• Copies of previous UAE visas (if applicable)

Having these documents ready before submitting your application for the retirement visa in Dubai can significantly reduce delays and ensure faster processing of your application for the 5-year visa.

Cost of the Retirement Visa in the UAE

Knowing the cost before planning for the retirement visa in Dubai is of utmost importance. While costs can vary, most applicants should plan their budget before applying for the visa.

• Entry Permit
• Visa status adjustment
• Residency stamping
• Emirates ID
• Medical examination
• Management fees

On average, the cost ranges around AED 3,700 (Inclusive of all the miscellaneous costs mentioned above).

In addition, some of the additional costs that you can bear are:

• Fees for medical examination (if you prefer to get it done from an external provider)
• Premium for health insurance (usually required post  approval)
• Service fees for assisted applications
• Cost of attesting documents, if required
• Property valuation fees for those who are taking the route of property investment in Dubai
• Bank letters or certification fees if you're taking the savings or income route

What is the Process of Applying for the Dubai Retirement Visa?

Understanding how to apply for a retirement visa in Dubai can help you plan:

Step-by-Step Process:

1. Check your Eligibility — Confirm your age and ensure that you meet the financial requirements
2. Gather Required Documents — Keep all the documents handy
3. Submit Application — Through the official website
4. Medical Screening — Undergo mandatory health tests in Dubai
5. Visa Approval — Once approved, receive your residency visa and Emirates ID

Applicants who are already in the UAE can apply for the visa without leaving the country, making the process more effortless.

Can Retirees Bring Their Family with This Visa?

Yes, sponsoring your family members is one of the attractive benefits of applying for the retirement visa. You can sponsor your spouse and children.

However, family members need to attach their visas to the retiree’s application, further simplifying the entire process.

Final Say

Dubai continues to invest heavily in improving healthcare, infrastructure, and luxury living, making it an increasingly popular choice for retirees who have a plan of living a luxurious life in Dubai.

With zero taxes, a stable economy, an excellent quality of life, and a long-term 10-year UAE Golden Visa, the city offers complete security and comfort that’s hard to find anywhere in the world.

For those seeking a luxurious and relaxed lifestyle, Retirement Visa Dubai opens the door to a peaceful life after retirement in one of the best cities.

For those seeking a vibrant yet relaxed lifestyle, the retirement visa in Dubai opens the door to a fulfilling retirement in one of the world’s most dynamic cities.