UAE offers 5-year residency visa for retired expats

17/09/2018 Argaam

 

The UAE cabinet on Sunday approved a new five-year visa for expat retirees aged over 55 years.

 

Retired expats aged over 55 can avail of the new visa once they fulfil one of three criteria: own a real estate investment of AED 2 million, or have financial savings of not less than AED1 million, or proof of income above AED20,000 per month.

 

The cabinet adopted the plan to introduce the new visa from next year.

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