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FT: Dubai is an attractive retirement destination

The city compares favorably against more traditional locations

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The absence of personal income tax and a new five-year retirement visa make Dubai one of the most attractive places for expats to stay on at the end of their working lives.

Even foreign retirees may choose to relocate to Dubai to be near working offspring and grandchildren, according to an FT.com article titled 'Where to buy a retirement property'.

Positioned alongside the more traditional retirement places such as Portugal and Italy, Dubai scores with its "five-star lifestyle", the article states.

To be eligible for the retirement visa, pensioners have to own a property worth at least AED 2 million (USD 550,000), or have savings of AED 1 million or monthly income of AED 20,000.

Source

FT.com