UAE unveils visa for retired expats

Dubai Media Office

The UAE has unveiled a visa for retired expats during the latest UAE Cabinet meeting.

Making the announcement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said: "We welcome everyone to our country".

It comes after the UAE Cabinet meeting was held at Expo 2020 Dubai on Tuesday.

According to national news agency WAM, an expat will be granted "retied residency" if they meet one of these criteria - single or multiple properties worth AED1 million (evaluation to be carried out by the related entity in each Emirate), a bank deposit of no less than AED1 million, or an active income of no less than AED180,000 per annum.

The Cabinet also approved the standardisation of health cover for women and children.

In a series of Tweets, Sheikh Mohammed also highlighted how the Cabinet has approved a proposal from the Ministry of Interior to start testing self-driving cars on the roads of the UAE.

"The UAE will be the first country in the Middle East and the second globally to test self-driving cars on its streets. Our goal is to make this type of vehicle safer and more reliable," Sheikh Mohammed wrote on Twitter. 

"We are awaiting the MoI report, in coordination with the Artificial Intelligence Office, to review the results of testing self-driving cars and take an appropriate decision accordingly."

Meanwhile, the Cabinet also unveiled special funds for development projects and the issuance of a pilot licence for a fractional bonds project.

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