Is the new UAE residency visa for retirees a game changer for the region?

Mark Battersby
clock • 1 min read

Sweeping changes to the residency status of expats in the UAE have led to the possibility of many treating the region as their medium to long term home. The latest move by the UAE Cabinet this week saw the introduction of a significant new residency visa for those wishing to retire there. The new residency requirements were:   Have a single property or more than one property worth AED1m (the valuation will be carried out by the relevant entity in each Emirate); or Have a bank deposit of no less than AED1m; or Have an active income of no less than AED180,000pa. Sheikh Moha...

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