Sheikh Mohammed bin Rashid and Sheikh Saif bin Zayed speak at the Cabinet meeting on Sunday.
Sheikh Mohammed bin Rashid and Sheikh Saif bin Zayed speak at the Cabinet meeting on Sunday.
Sheikh Mohammed bin Rashid and Sheikh Saif bin Zayed speak at the Cabinet meeting on Sunday.
Sheikh Mohammed bin Rashid and Sheikh Saif bin Zayed speak at the Cabinet meeting on Sunday.

UAE to allow expats to retire on five-year visa, Sheikh Mohammed says


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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 on Sunday 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.

Details were set out following a meeting of the Cabinet chaired by Sheikh Mohammed bin Rashid, Vice President and Prime Minister and Ruler of Dubai.

The decision follows a raft of similar changes earlier this year to allow investors and key workers such as doctors or engineers access to long-term visas.

In other developments on Sunday, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, formalised the Dh50 billion stimulus plan for the emirate under the banner Tomorrow 2021.

He also announced support for the industrial sector by agreeing to reduce electricity fees for UAE factories.

Under the plans, larger factories would receive a 29 per cent reduction in tariffs while small and medium-sized units would have fees reduced by between 10 and 22 per cent.

Some 8 million expatriates are estimated to be living and working in the UAE and a growing number of those are approaching retirement age.

regulations state they must retire at 65, with some jurisdictions imposing restrictions on visa applicants as early as 60.

Under UAE law, all expats must also hold a valid health insurance policy. Should an individual choose to call the emirates home following retirement, no national benefits are provided by the government.

This makes it crucial for residents to have a sustainable source of income to cover their living expenses after quitting work.

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Read more on the visa chages:

UAE's new visa regulations: what we know

Sheikh Mohammed announces sweeping changes to UAE's visa system

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The Africa Institute 101

Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction. 

THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

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Courtesy: Crystal Intelligence