Prevailing market trends, investment opportunities and growth strategies instilling confidence in stakeholders navigating Dubai's dynamic landscape
realty1 hour ago
Singaporean expat Harsha Varyani, 58, has always wanted to retire in Dubai because of the 'endless opportunities' and high standard of living in the emirate. Now she can, with the new visa scheme announced on Wednesday.
"Thank you, Dubai, for making us feel special and more at home," said Varyani, who has been living in the city for almost a decade.
Residents and foreigners above 55 years old may apply for the five-year retirement visa, launched by the Dubai Tourism and the General Directorate of Residency and Foreigners Affairs. The retiree has to have a monthly income of Dh20,000 from investments or pensions; or Dh1 million in savings; or property in Dubai worth Dh2 million.
Read on: All you need to know about the 5-year retirement visaAfter spending nearly 17 years in South Africa and some years in Indonesia and Singapore, Varyani said Dubai is the only place she wants to spend her retirement years in.
Read on: 7 reasons why retirees should apply for 5-year Dubai visaHe added that even after retiring, expats who have spent a considerable time in the country would never 'sit idle'. They will contribute to the development of the nation one way or another, Siddiqui said.
Prevailing market trends, investment opportunities and growth strategies instilling confidence in stakeholders navigating Dubai's dynamic landscape
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