Dubai seeks to attract wealthy retirees after expatriate exodus
Published 03 Sep,2020 via Bloomberg Politics & Policy - Dubai started a program to attract wealthy retirees as the Middle East business hub faces a flight of expatriates amid an economic downturn.
Foreigners over the age of 55 will be eligible for a five-year renewable visa if they meet certain criteria, according to the Dubai Media Office. In its initial phase, the program will focus on UAE residents working in Dubai.
Eligible candidates should meet one of the following requirements:
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Abbas Al Lawati