Expats who live in the UAE and are 55 years old or older can apply for a 5-year residence card. But people must meet certain requirements to get the visa, and it’s important to remember that the visa can be renewed.

UAE 5-year residence visa for retired expats-Criteria

1.  People who are 55 years old and have retired can apply for a five-year long-term visa.

2. Must have worked for at least 15 years, either inside or outside the UAE or be at least 55 years old when you retire. 

3. Holding properties worth at least AED 1 million

4. Savings of at least AED 1 million, or making at least AED 20,000 per month (AED 15,000 in Dubai). 

5. Must show bank records from the last six months.

The visa can be extended after the first five years if you meet the requirements. 

In Dubai, people over the age of 55 have several options

1. Minimum annual income of AED 180,000 (or AED 15,000 per month)

2. AED 1 million in a three-year fixed deposit

3. Owning a property worth AED 1 million, or having a combination of options, such as a three-year fixed deposit and a property, with each option totaling at least AED 1 million (the fixed deposit and property are each worth AED 500,000).

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