Dubai Retirement Age

Dubai is the leading and most prosperous city in the world. Dubai is also rich in its ambitions and, continues to excel further. Dubai City attracts skilled and non-skilled expatriates from all over the world. Professionals in Dubai are of two types; first are UAE citizens and second are expatriates. Every professional service of the employee has to be finished one day whether this is with government sector or private sector. We are discussing about the retirement age in Dubai. Professionals working in Dubai must need to know about the retirement age in Dubai. It should be one of their key liabilities while grabbing all the details. We will explore the Dubai retirement age and its implementations.

First, we need to be clear that the retirement concept in Dubai, UAE is a little different than in other countries. For example, in the rest of the world, a certain age limit is defined, so employees have to be retired after that certain age. Retirement operates differently, in Dubai and the United Arab Emirates. We will throw the light on it.

For the government sector, the age of the employees is 60. This age is 60 for both men and women. There are some conditions available in the law in which, employees can continue working up to 65. But this is based on the mutual consensus of both parties. Employees can’t be forced if they have reached to their retirement age. The private sector also sets the retirement age at 60. It can also be extended to 65 but based on the consensus of both parties. The employer has to agree as well as the employee. If either party does not agreed then it cant be extended.

UAE national employees are also made entitled to early retirement. The circumstances for early retirement are defined such, as the completion of 25 years of service in government/public sector. There might be several reasons e.g. illness, family responsibilities, family matters etc. Please check details with Emirati national lawyers and legal consultants.

To entertain the retirees in their post-retirement, Dubai introduced the Retirement Visa in 2020 a long-term residency plan for expatriates. But there is a criteria to be met, let’s discuss it.

• A minimum income of AED 20000.
• A minimum savgins of AED 1 Million.
• A minimum property ownership of AED 2 Million.

Duration of retirement VISA is kept 5 years but it can also be renewed. Many expatriates who want to live in DUBAI and can afford to live in DUBAI, after their retirement, can live in Dubai.

Search Here: Residence VISA for the Retired

Financial planning is part of every segment of life. From personal life to employment responsibilities, nothing can be achieved without solid financial planning. Private savings, investment programs, and different pension plans are the lucrative sectors for retirees. Let’s cut it short, retirees have to make sure that their future lives will be secured financially and they will not have to be worried. Therefore retirement planning is essential. Our Lawyers in Dubai can be consulted by booking the in-house and online legal appointments.