Employment and Retirement Rules in Dubai
Dubai has emerged as a global hub for professionals, attracting expatriates with its modern infrastructure, dynamic job market, and growing economy. While opportunities abound, the emirate’s employment and retirement regulations are designed to create a fair and balanced work environment for both employers and employees. Here’s an overview of key laws regarding retirement and employment in Dubai:
Retirement Age and Work Permits for Expatriates
- General Retirement Age: The standard retirement age for expatriates in the UAE is 60 years. However, employees may continue working up to 65 years if their employer secures the necessary permits.
- Work Permits for Over-60 Employees: For those above 60, obtaining a work permit from the Ministry of Human Resources and Emiratisation (MoHRE) is mandatory.
- These permits are renewed annually.
- The cost for work permits for those over 65 is AED 5,000 every two years.
Retirement Visa Options
- Golden Visa: A long-term, renewable visa for 10 years, available to investors, business professionals, and skilled workers meeting specific criteria.
- Retirement Visa: Available to individuals aged 55 and above, this visa allows retirees to reside in the UAE for five years, renewable based on eligibility.
- Eligibility Criteria:
- Real estate investment worth AED 2 million.
- Savings of at least AED 1 million.
- Monthly income of AED 20,000 or equivalent.
- The “Retire in Dubai” scheme, launched under the directive of Sheikh Mohammed bin Rashid Al Maktoum, offers retirees an opportunity to settle in the emirate.
- Eligibility Criteria:
Labour Laws and Sector-Specific Policies
- The Federal Decree-Law No. 33 of 2021 does not set a specific retirement age but mandates MoHRE approval for issuing work permits for individuals over 60.
- Certain industries and free zones may have their own retirement policies, independent of federal labor laws.
Residency Rules for Foreign Workers
- According to UAE Cabinet Decision No. 65 of 2022, expatriates can apply for a Retirement Residence Permit if:
- They have served at least 15 years in employment (inside or outside the UAE).
- They are at least 55 years old.
- Expatriates meeting these conditions must also demonstrate property ownership, savings, or active income to qualify.
Economic and Cultural Impacts
- Dubai’s approach balances attracting skilled professionals while allowing younger generations to enter the workforce.
- Specialized professionals, such as engineers and doctors, may continue working beyond standard retirement age to leverage their expertise.
Conclusion
Dubai’s employment and retirement policies cater to a diverse workforce while promoting long-term stability and growth. For expatriates, understanding these laws is crucial to navigating career and retirement planning effectively. Seeking guidance from employment or legal experts ensures compliance with the regulations and maximizes opportunities in the emirate.
