Abu Dhabi Residents Office Sets Retirement Visa Criteria
The Abu Dhabi Residents Office has released the official eligibility criteria for foreigners seeking a retirement visa in Abu Dhabi, valid for five years. The visa is available to expatriates who meet at least one of four financial conditions: 1.
An investment of at least AED 1,000,000 (approximately ₦448,000,000). 2. Ownership of real estate properties in the UAE valued at no less than AED 1,000,000, with provisions for mortgaged properties if the mortgage payments have reached the minimum threshold. 3.
A financial deposit of no less than AED 1,000,000, which must be transferred to a UAE financial institution within 60 days of the visa issuance. 4. A fixed annual income of at least AED 240,000 (approximately ₦107,520,000) from any source.
The criteria allow for various financial profiles, including those still servicing mortgages and retirees receiving foreign pensions or investment returns.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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