The federal government of Dubai has introduced the launch of Retire in Dubai, a world programme that gives resident expatriates and foreigners aged 55 and above the chance to benefit from the distinctive way of life of the emirate.
The primary such scheme within the area, Retire in Dubai is spearheaded by the Division of Tourism and Commerce Advertising (Dubai Tourism) in collaboration with the final directorate of residency and foreigners’ affairs.
To make sure a aggressive providing, Dubai Tourism has labored with its companions to develop key propositions for retirees overlaying healthcare, actual property, insurance coverage and banking.
Particulars of the choices, designed to assist retirees take pleasure in a contented and fulfilling life, and all data crucial to begin the appliance course of, can be found here.
Eligible candidates can be offered a retirement visa, renewable each 5 years.
The retiree can select between one in every of three monetary necessities for eligibility: incomes a month-to-month earnings of AED20,000; having financial savings of AED1 million; or proudly owning a property in Dubai price AED2 million.
In its preliminary section, the programme will concentrate on UAE residents working in Dubai who’ve reached retirement age.
The programme affords long-term residents of town who’re conversant in Dubai’s worth proposition a simple and hassle-free retirement choice.
Dubai’s shut proximity with the native international locations of a big majority of residents makes it a handy retirement vacation spot for them.
Helal Saeed Almarri, director normal, Dubai Tourism, mentioned: “Dubai’s Retirement Readiness technique will allow expatriates and worldwide retirees to make the most of town’s open-door coverage, tolerance, and excellent high quality of life and stay in one of many world’s quickest rising, culturally various cities.
“With the continued help of our stakeholders and companions together with GDRFA-Dubai, the retirement programme will contribute in the direction of our tourism economic system by facilitating frequent visits from households and buddies of the retirees and growing visitation from markets with a excessive retiree inhabitants.
“This can even have the broader impact of selling Dubai as a retiree-friendly vacation spot whereas highlighting town’s unparalleled way of life and various vacation spot choices and experiences.”
