The United Arab Emirates government has announced the eligibility requirements for foreign nationals aiming to secure a retirement residence permit in the country. The conditions emphasize both age or work experience and financial thresholds.

Eligibility Requirements

  • Applicants must be at least 55 years old or have completed a minimum of 15 years of work, either within the UAE or internationally.
  • Applicants must satisfy one of the financial criteria outlined by the UAE authorities.

Financial Conditions

  • Ownership of property valued at a minimum of AED 1 million (approximately KSh 36 million). This value can be based on the purchase price or official market valuation.
  • A financial deposit of at least AED 1 million. If held outside the UAE, the funds must be transferred to a UAE financial institution within 60 days of permit issuance, unless the applicant invests an equivalent amount locally.
  • A fixed annual income of at least AED 240,000 (around KSh 8.7 million), verifiable by bank statements covering the six months prior to application. This income can originate from Kenya, the UAE, or another country.

Additional Provisions

Applicants whose qualifying property is mortgaged may still qualify provided they have paid at least AED 1 million towards the mortgage at the time of application.

This framework offers Kenyan retirees clear pathways to reside in the UAE, aligning with the country's broader efforts to attract foreign retirees and skilled professionals.