What is the holding period for a 5-Year Retirement Visa if you have sold your property and are planning to buy a new one?

There is an expected 30-day holding period when purchasing a property that qualifies for the Retirement Visa. If you already hold a Retirement Visa and intend to sell your current property, you must first cancel your existing visa.

This cancellation process typically takes 48–72 hours.

After the cancellation is complete, you can consult with Prosper’s property specialists to identify qualifying properties worth AED 1 million and mortgage with a downpayment of only 20%.

Once the purchase is finalized, you can apply for a new Retirement Visa.

The standard processing time for the visa is approximately 7–10 working days.