Expatriate retirees who sign up for Dubai’s recently announced five-year retirement scheme will benefit from discounted rates for wills registration and probate services.
On Wednesday, the Dubai International Financial Centre Courts signed an agreement with Dubai Tourism to provide wills registration and probate services at discounted rates for retirees who are looking to secure their assets in the UAE.
Under the Retire in Dubai programme launched in September, residents and foreigners aged above 55 years can live in the emirate if they fulfill one of three requirements.
They must either earn a monthly income of Dh20,000 ($5,450); have Dh1 million in cash savings; or own a property in Dubai worth at least Dh2m. They must also have valid UAE health insurance.
A retired expatriate and their spouse can apply for the five-year visa with the possibility of automatic renewal online, provided they continue to meet the criteria.
Through its retiree programme, Dubai aims to tap the economic potential of the world's retiree population.
In 2015, people aged over 50 generated around $7.6 trillion worth of economic activity in the US, according to Oxford Economics. Direct spending on consumer goods and services, including health care, by those aged 50 and over amounted to $5.6tn in 2015, according to a survey by the group. The Economist Intelligence Unit last year estimated the contribution of the older generation to the US economy at $8.3tn.
Currently, the cost to register a single will with the DIFC Courts Wills Service is Dh10,000, while a mirror will costs Dh15,000. However, under the Retire in Dubai programme, the cost to register a single full will is Dh6,190 and a mirror will is Dh8,190.
“Our Retire in Dubai programme … [aims] to make the city the world’s most preferred lifestyle destination,” Yousuf Lootah, executive director of tourism development and investments at Dubai Tourism, said.
“This agreement with the DIFC Courts will further enhance Dubai’s position as a retiree-friendly destination as it will contribute towards the support system that will be available for the retirees.”
In the absence of a will in the UAE, Sharia inheritance law will apply to how an individual’s estate is divided, meaning they lose the right to distribute assets as per their wishes.
Launched through a partnership between the DIFC Courts and the government of Dubai in 2015, the Wills Service was established to enable non-Muslims who invest and live in the UAE to pass on their assets and appoint guardians for their children in line with their wishes.
Meanwhile, the DIFC Courts Wills Service said it now offers a videoconferencing option to register wills. People taking out a will and two witnesses can join a video conferencing call and electronically sign the will through a dedicated portal.
“Remote registrations add an additional layer of digital access to the current virtual registry for wills, which allows those living overseas to create and register a DIFC Courts will,” the DIFC Courts said in a statement.
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Women’s World T20, Asia Qualifier, in Bangkok
UAE fixtures Mon Nov 20, v China; Tue Nov 21, v Thailand; Thu Nov 23, v Nepal; Fri Nov 24, v Hong Kong; Sun Nov 26, v Malaysia; Mon Nov 27, Final
(The winners will progress to the Global Qualifier)
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The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
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The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
The Programme
Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson
UAE currency: the story behind the money in your pockets
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
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Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
UAE currency: the story behind the money in your pockets
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
KILLING OF QASSEM SULEIMANI
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours.
The package
Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
Zayed Sustainability Prize
