In fact, many UAE expatriates continuously renew their visas so that they and their families can stay in this country.
The reason why getting a UAE residence visa is so important is that the UAE does not offer permanent residency. Instead, foreigners are simply allowed to constantly renew their visas so that they can continue living in the country.
Dubai welcomes all retirees. As part of the new program, all expatriates, including their spouse and dependents, can qualify for a 5-year residency visa with the possibility of renewal, as long as the retiree remains eligible – i.e. must be at least 55 years old and fulfill one of the following criteria:
Option 1: A minimum yearly income of AED180,000 (approx. US$49,000) or AED15,000 (approx. US$4,100) per month
Option 2: AED1 million (approx. US$275,000) savings in a 3-year fixed deposit
Option 3: AED1 million (approx. US$275,000) property
Option 4: A combination of Options 1 and 2, valued at a minimum of AED1 million (approx. US$275,000) in a 3-year fixed deposit and property, worth AED500,000 each