Frequently Asked Questions
Who is eligible for the 5-Year Retirement Visa?
Applicants must be aged 55 or older and meet any one of the following financial pathways:
Option 1: Property Ownership
Own a completed property in Dubai valued at at least AED 1 million. If the property is mortgaged, you must have paid at least AED 1 million of the principal to the bank.
Option 2: Financial Savings
A fixed deposit of at least AED 1 million in a UAE-based bank for a minimum term of 3 years.
Option 3: Fixed Annual Income
A stable income of at least AED 180,000 per year (equivalent to AED 15,000 per month). This can be from pensions or investments, both inside or outside the UAE.
Option 4: Combination
A combination of property ownership and a fixed deposit, totaling a minimum value of AED 1 million (e.g., AED 500k in property and AED 500k in a fixed deposit).
You can also login to Prosper with your Title Deed and the smart property platform will automatically let you know your eligibility for property visas be it the 5 Year Retirement Visa or the 2 Year Investor Visa.
Applicants applying from outside Dubai must demonstrate an annual fixed income of at least AED 240,000 (AED 20,000/month), which can come from inside or outside the UAE.
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