Dubai gears up efforts to lure wealthy retirees
Middle East business hub faces flight of expatriates amid an economic downturn
03 September 2020 - 16:22
Dubai — Dubai is looking to attract retirees by gearing up a programme first started two years ago that has taken on greater urgency as the Middle East business hub contends with the 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 programme will focus on residents working in the second-biggest sheikhdom in the United Arab Emirates (UAE)...
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