With the new rights to own real estate properties, foreign investors got the possibilities to obtain a residence visa. After the new rules passed, Abu Dhabi began granting visas to foreigners who made real estate investments. That means that those who may have been reluctant to invest now have the opportunity for a long-term stay in the emirate. The minimum investment cost in this case should be not less than 5 million dirhams for obtaining a 5-year resident visa. This applies to the main applicant and their dependents.
Other possibilities were open for retired foreign citizens. People over the age of 55 can get a long-term resident visa for a period of 5 years. The visa can be extended if the eligibility criteria are met.
In order for a retiree to be eligible for a 5-year renewable pension visa, they must meet one of the following criteria:
- invest in real estate worth AED 2M
- have financial savings of at least AED 1M
- have an active income of at least AED 20K per month.