Dubai Government launches retirement visa scheme for expats

Vastavam web: Dubai is offering a special visa for those looking for retirement escapes. Under the programme, anyone above the age of 55, foreigners and expatriates, can live in Dubai for five years. To be eligible for application you will also have to covered by a valid UAE health insurance. You must have a minimum of AED 20,000 or INR 4.1 lakh income per month, or a minimum of AED 1 million or INR 2.5 crore savings, or AED 2 million or INR 5 crore worth of property in Dubai. Or a combination of the second and third criteria have to be met which should be valued at a minimum of AED 2 million. The application process, which takes around 15 days, will be made available only for Dubai expats.