Dubai Tourism launches a campaign to encourage expatriates to retire in the Emirate.
The 'Retire in Dubai' program is aimed at people aged 55 and over. To qualify for a five-year residence permit, foreign nationals must purchase a property worth at least 440,000 euros locally, arrive in the country with at least 220,000 euros in savings or have a monthly income of 4,400 euros.
To ensure a competitive offer, Dubai Tourism has worked with its partners to develop key proposals for retirees covering healthcare, real estate, insurance and banking.
Announcing the initiative, His Excellency Helal Saeed Almarri, Director General, Dubai Tourism, said:
The Retire in Dubai programme is based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to further enhance Dubai’s position as an iconic global city and make it the world’s most preferred lifestyle destination. Dubai’s Retirement Readiness strategy will enable expatriates and international retirees to take advantage of the city’s open-door policy, tolerance, and outstanding quality of life and live in one of the world’s fastest growing, culturally diverse cities.
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