The information is inaccurate. According to The General Directorate of Residency and Foreigners Affairs (GDRFA-Dubai) here are the requirement:
Granting a retired foreigner and his wife a residence for a period of (5 years) renewable without a sponsor; Provided that the beneficiary and his spouse have health insurance; And according to ALL of the 3 the following terms and conditions:
• He must be the owner of a real estate in the country not mortgaged to any party, with a value not less than two million dirhams. ·
• He must have a financial deposit in a bank in the country with a value of not less than one million dirhams.
• He must have proof that he has a monthly income of not less than twenty thousand dirhams or the equivalent in foreign currencies.
The information is inaccurate. According to The General Directorate of Residency and Foreigners Affairs (GDRFA-Dubai) here are the requirement:
Granting a retired foreigner and his wife a residence for a period of (5 years) renewable without a sponsor; Provided that the beneficiary and his spouse have health insurance; And according to ALL of the 3 the following terms and conditions:
• He must be the owner of a real estate in the country not mortgaged to any party, with a value not less than two million dirhams. ·
• He must have a financial deposit in a bank in the country with a value of not less than one million dirhams.
• He must have proof that he has a monthly income of not less than twenty thousand dirhams or the equivalent in foreign currencies.
ALL OF THEM (3 CRITERIA)