What are the documents required for a 5-Year Retirement Visa?

You need to acquire the following documents to apply for the long-term residency Visa once you are in the UAE:

• Title Deed: An official Title Deed issued by the Dubai Land Department (DLD) showing a property value of at least AED 1 million.
• Mortgage Statement: If the property is mortgaged, you must provide an official bank statement or NOC proving that the amount already paid toward the property is at least AED 1 million.
• Proof of Age: Applicant must be at least 55 years old.
• Passport: A clear color scan of your passport (must be valid for at least 6 months).
• Digital Photo: A high-quality digital photo matching ICP specifications.
• National ID: Applicants from Iran, Pakistan, Iraq, Libya, and Afghanistan must provide their original National ID from their home country.
• Health Insurance: Proof of a valid UAE health insurance policy. While you can start the application without it, it is mandatory for final visa stamping.
• Valuation Certificate: Required only if your original purchase price was under AED 1 million but the current market value has appreciated beyond that threshold.
• Joint Ownership (Spouses): If the property is jointly owned by a husband and wife, they can apply together if the total value is AED 1M+. If shares are unequal, the primary shareholder applies first and then sponsors the spouse.

You can also consult with Prosper property specialists to explore properties that qualify and mortgage a property worth AED 1 million with a downpayment of just 20% to be eligible for the 5 Year Retirement Visa.