Dubai has launched the region’s first global retirement programme for expatriates and foreigners aged 55 and above.
The ‘Retire in Dubai’ initiative, developed by Dubai Tourism in collaboration with the General Directorate of Residency and Foreigners Affairs (GDRFA-Dubai), positions the emirate as the world’s preferred retirement destination.
Dubai Tourism has worked with its partners to develop key propositions for retirees covering healthcare, real estate, insurance and banking.
Details of the offerings, designed to help retirees enjoy a happy and fulfilling life, and all information necessary to start the application process, are available on www.retireindubai.com.
Eligible applicants will be provided a Retirement Visa, renewable every five years. The retiree can choose between one of three financial requirements for eligibility: earning a monthly income of AED20,000 (approx. US$5,500); having savings of AED 1 million (approx. $275,000); or owning a property in Dubai worth AED 2 million (approx.US$550,000).
In its initial phase, the programme will target UAE residents working in Dubai who have reached retirement age and are familiar with the emirate’s value proposition.
Dubai’s Retirement Readiness strategy will enable expatriates and international retirees to “take advantage of the city’s open-door policy, tolerance, and outstanding quality of life and live in one of the world’s fastest growing, culturally diverse cities”, explained His Excellency Helal Saeed Almarri, Director General, Dubai Tourism.