Dubai, which imposes no income tax, is introducing five-year retirement visas. Retirement in Dubai has considerable appeal for expats nearing the end of their working lives. Previously, retiring expats in Dubai had to leave their five-star lifestyles and return home, often to a lower living standard.
To be eligible for the visa, pensioners have to own a property worth at least Dh2m (€480,000), or have savings of Dh1m or monthly income of Dh20,000 (€4,800). Some foreign retirees may choose to relocate to Dubai to be near working offspring and grandchildren. It’s a very attractive place for at least six months a year.