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30 September, 2020

Dubai Launches 5-Year Retirement Visa

People belonging to any nationality, and above the age of 55 years now have an option for long term residency in Dubai through a new 5-year retirement visa.

Dubai has consistently maintained a high standard on the quality of living index, making it a dream destination for many who wish to make the city their home. With increased investment and strategic focus being placed by the Government on key initiatives to boost the quality and safety in Dubai, the city is only being preferred by many to an increased extent.

Also in terms of being an investment destination, Dubai ranks 11th globally and 1st in the Middle East & North Africa region, as per the Financial Times’ fDI Markets ranking. This also puts Dubai on the top preferred markets for people to invest and grow their wealth.

The Government of Dubai, in a move to attract wealth & investment, as well as to provide a long term residency option to the said investor, came up with a new long term visa targeted at those above 55 years of age. The eligibility criteria for obtaining the visa are based on pension/investments (minimum AED 20,000), or on value of investment capital (minimum AED 1,000,000) or on value of property investment (minimum AED 2,000,000).

Dubai Tourism also supports investors with options for healthcare, investments, banking and real estate through its network of partners.

 

Source: khaleejtimes

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