People coming to the end of their working life and unsure where to go next may soon be able to stay on in the UAE indefinitely.
Under proposals announced by the UAE Cabinet yesterday, a five-year retiree visa for people over 55 will be introduced next year.
To qualify for the visa, you’ll either have to own property in the UAE worth at least AED 2 million, have savings of at least AED 1 million or have proof that you make more than AED 20,000 per month.
Currently, expatriates have to leave the UAE once they reach 60 years of age unless they own or have a stake in a business.
Those qualifying for the retiree visa would presumably also need to have health insurance.