Retired expatriate: the guide to retirement in Dubai!
Do you want to retire in Dubai? Not sure how to do it? Do not panic, we will give you all the necessary information within this article so that you can know how to go about it. Also, we will introduce you to the pros and cons of retiring in Dubai, if any!
Think about the retirement visa
If you feel like retiring to Dubai, it will be perfectly possible to do so. Indeed, as you must certainly suspect, it will still be necessary to provide a visa for the latter. To be eligible, you must be at least 55 years old. Several options may therefore be available to you:
- The first: AED 20,000, or €4,700 in monthly income from a pension or a previous employer.
- The second: 1 million AED, or 273,000 euros of savings in a fixed deposit of 3 years.
- The third: AED 2 million, or 545,000 euros of non-mortgaged real estate.
- The last option: it is possible to combine option 2 and 3, in the form of a fixed deposit over 3 years and a non-mortgaged property.
What are the benefits of retiring in Dubai?
As you should certainly expect there are many benefits to retiring in Dubai. Here is a list of these so you can understand what it’s all about:
- You can really change your lifestyle. Indeed, retiring in Dubai really allows you to have a more serene life. So you can enjoy the outdoors at any time of the day.
- The health system is also a considerable advantage to take into account: thus, the insurance for medical care is really high.
- There are many amenities in Dubai. Indeed, whether the Dubai Mall, the mail of the Emirates or the City Walk, everything is possible.
- With Dubai Airport you can reach 240 destinations, which is rather good news.
Retiring in Dubai: the disadvantages?
Of course, there are still some disadvantages. Here is a list of these to make it clear to you:
- The cost of living. We will not hide it, the cost of living is still expensive in Dubai. You have to have the retirement pension that goes with it.
- The climate: it is often hot. Thus, you do not like to live when it is 33 degrees on average, it is not a destination made for you.
- The cultural difference: Dubai has strict laws that may surprise some Westerners.
As you can see, it is perfectly possible to retire in Dubai. We hope that this article has allowed you to get started in your project, if necessary. All you have to do is find your accommodation and voila!
Find your property for retirement
Dubai has an incredible range of modern apartments and villas within residential communities located close to essential services such as supermarkets, clinics, pharmacies, parks and swimming pools. Whether you choose to live by the beach or in the city center, we have a multitude of options for you.
