Another New rule for Expats in UAE

Discussion in 'Dubai property' started by Harish, Sep 18, 2018.

  1. Harish

    Harish New Member

    Sheikh Mohammed bin Rashid, the ruler of UAE has announced a new rule for the expats living in Dubai. "Expats aged 55 or over will be eligible to secure a five-year retirement as of next year – if they meet a series of requirements".

    The Cabinet approved a plan to allow non-Emiratis to remain in the UAE from 2019. To do so they must have properties worth at least Dh2 million or have at least Dh1 million in savings or an active income of more than Dh20,000 per month.

    An expat can be called as Emirates after his retirement but he cannot get any national benefits from the government.

    This law looks a bit similar to the 10-year visa rule which was passed earlier.
  2. Longterminvestor

    Longterminvestor Administrator

    What is the reasoning behind this move? Is the UAE property market struggling?

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