Dubai Sets US$49,000 Income Requirement for Retirement Visa

The Dubai government has announced that foreigners seeking to retire in the emirate must earn a minimum annual income of US$49,000 (approximately ₦80.3 million) to qualify for its retirement visa program. This information was confirmed through the official investment portal of the Dubai government.

The retirement visa is available to applicants aged 55 and above who can demonstrate sufficient financial standing. Eligibility can be achieved by meeting one of three criteria: owning property in Dubai, holding adequate savings, or earning an annual income of AED 180,000 (about US$49,000 or ₦80.3 million).

The program aims to attract high-value residents and position Dubai as a competitive destination for retirees. Holders of the retirement visa will have the right to live in Dubai long-term, with access to the emirate's healthcare facilities and lifestyle amenities.

The Dubai government promotes this visa as a gateway to relaxation, travel, and self-discovery.