Dubai Sets Financial Criteria for Retirement Visa Eligibility

The Dubai government has outlined five financial conditions that foreigners aged 55 and above must meet to qualify for a Retirement Visa. This initiative, published by Invest in Dubai, aims to attract retirees seeking access to healthcare, leisure, and travel options in the emirate.

Applicants must be at least 55 years old and satisfy at least one of the following conditions: a minimum yearly income of approximately US$49,000 (AED 180,000 / ₦75,460,000); savings of approximately US$275,000 (AED 1 million / ₦419,250,000) in a three-year fixed deposit; ownership of unmortgaged property valued at a minimum of approximately US$275,000; a mortgaged property of at least US$275,000 already paid off; or a combination of fixed deposit savings and property worth a minimum of approximately US$275,000, with the property component valued at no less than approximately US$137,500 (AED 500,000 / ₦209,625,000). This scheme offers multiple routes for qualifying foreigners to enjoy the benefits of living in Dubai.