|
Hello The opportunity to retire in the UAE has just become even more appealing since the announcement to provide 5-year renewable residence visas to retirees Non-Emiratis over 55 and their spouses can secure the visa if they earn a monthly income of AED 20,000 (US$5,500); have AED 1 million ($275,000) in cash savings or own AED 2 million ($550,000) worth of property in Dubai. The visa is valid for five years with the possibility of renewal for those retirees who wish to stay longer and still meet the eligibility criteria. Another compelling reason to buy a property in Dubai. This is the latest in a string of initiatives the government has recently announced to boost the country’s economy and entice ex-pats to make long-term financial investments and to reinforce the emirate's status as preferred tourism and lifestyle hub. The first applicants will likely be ex-pats that have lived in the country for a long time as this new visa means that they will no longer have to move back home to retire. We also expect a lot more overseas residents will join the many who are already here as retirees and consider the UAE as an option since now we have the certainty of obtaining a long-term renewable residency. The warm, year-round good weather, stable economy and affordable luxury tax-free lifestyle, the quality of health care, the availability of good quality residential stock and the established social infrastructure and leisure options are just a few of the many reasons that the UAE is becoming such a sort after retirement spot. If you’ve been hesitant in the past to consider retiring here, start a business or invest in a home in the UAE, now is the time to speak to me as I am here on the ground to help and there has never been a better time to take the next step. It’s early days for the new 5 year residence visa however am in the process of becoming an expert on the subject, not just because I am interested for myself but mainly because it will increase my knowledge and enable me to better support you as you consider buying a home in Dubai for investment, relocation, holidays and/or retirement.
|
