property UAE

New retirement law will promote property transactions in 2019

September 20, 2018 UAE Business 0

The UAE Cabinet announced on Sunday that upon retirement, expatriates over the age of 55 will be granted a five-year retirement visa if they meet a set of clauses which include either having properties worth at least AED 2M, a minimum of AED 1M in savings or an active income of more than AED 20k per month. The law is said to come into effect starting next year. Read more