Dubai had recently introduced a 5-year residency visa for expatriates over the age of 55. The applicant should have property in Dubai worth a minimum of AED 2 million and the property should be mortgage free.
For those under the age of 55 it is also possible to apply for a 5-year property visa with a requirement that the property in Dubai is worth a minimum of AED 5 million and the property should be mortgage free. These visas will also allow for sponsorship of their spouse and children.
This visa is renewable upon every 5 years. However, it is important to note that authorization and renewal of this visa is subject to the approval of the Federal Authority for Identity & Citizenship.
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