According to the “Best Cities Index of Retirees,” Dubai was the top-ranked city in providing financial security and legacy management for retirees. The company Veolar, specializing in medical services and supplies, and Magmatic Research for diversified research, released the list of the 14 best cities for retirees. The index is a study aiming to assess the best cities in the world for retirement life quality.
Dubai ranked first among cities in the Middle East and Africa and 14th globally on the general index of retirement life quality. The launch of Retire in Dubai, a global retirement program that offers retired residents over 55 a long-term renewable visa for five years. Eligible applicants will be provided a Retirement Visa, renewable every five years.
The retiree can choose between one of three financial requirements for eligibility:
Earning a monthly income of AED20,000 (approx. USD5,500);
Having savings of AED1 million (approx. USD275,000), or
Owning a property in Dubai worth AED2 million (approx.USD550,000).
The amendment would help attract retirees and support the UAE’s efforts to achieve more flexibility in terms of residency laws and visa requirements. Retire in Dubai program revolves around seven key factors that make Dubai the ideal destination for retirees:
An active and fit society
World-class healthcare system
Proximity & connectivity
The study reinforces the emirate’s status as a preferred tourism and lifestyle hub. It provides a unique lifestyle for retirees, which will help boost economic development in the country and enhance its global reputation as a business and investment center.
Source : The National News