Dubai Seeks To Attract Wealthy Foreign Retirees As Expats Leave

Dubai Seeks To Attract Wealthy Foreign Retirees As Expats Leave<!–

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<desc/><defs/><g fill=”none” fill-rule=”evenodd” id=”Page-1″ stroke=”none” stroke-width=”1″><g fill=”#000000″ id=”Icons-Communication” transform=”translate(-168.000000, -43.000000)”><g id=”email” transform=”translate(168.000000, 43.000000)”><path d=”M18,0 L2,0 C0.9,0 0,0.9 0,2 L0,14 C0,15.1 0.9,16 2,16 L18,16 C19.1,16 20,15.1 20,14 L20,2 C20,0.9 19.1,0 18,0 L18,0 Z M18,4 L10,9 L2,4 L2,2 L10,7 L18,2 L18,4 L18,4 Z” id=”Shape”/></g></g></g></svg></a> </div> </div> </div> <div id=”left” class=”articleleft”> <div class=”bredcrum”> <div class=”bredcrum-txt”> <a href=”https://www.news18.com/”> <span>News18</span> </a> <strong>»</strong><a href=”https://www.news18.com/india/” itemprop=”url” class=”act”><span itemprop=”title”>india</span></a> </div> <div class=”read-story”><span></span> 1-MIN READ</div> </div> <!– /1039154/NW18_ENG_Desktop/NW18_ENG_TEST/NW18_ENG_TEST_OutStream/NW18_ENG_TEST_1x1 –><br /> <div id=’div-gpt-ad-1592999799004-0′ style=’width: 1px; height: 1px;’> <script> googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1592999799004-0’); 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}); </script> </div></figure> <!——————This is testing on stg——————–> <script async src=”https://securepubads.g.doubleclick.net/tag/js/gpt.js”></script> <script> window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot(‘/1039154/NW18_ENG_PWA/NW18_ENG_PWA_Test/NW18_ENG_PWA_Test_Outstream’, [1, 1], ‘div-gpt-ad-1595248121201-0′).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); </script> <!– /1039154/NW18_ENG_PWA/NW18_ENG_PWA_Test/NW18_ENG_PWA_Test_Outstream –> <div id=’div-gpt-ad-1595248121201-0′ style=’width: 1px; height: 1px;’> <script> googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1595248121201-0′); }); </script> </div> <!–/////////////////////end code testing///////////////////////—> <p>To be eligible, they must have a monthly income of at least 20,000 dirhams ($5,445) or 1 million dirhams in cash savings, or 2 million dirhams worth of property in Dubai.</p><p>Important sectors of the Dubai economy such as tourism and transportation have been severely impacted by the coronavirus crisis and firms have been cutting jobs to save costs.</p><p>This has prompted many expatriates – who make up the majority of the population of the UAE, which includes Dubai – to leave the country in which residency is tied to employment and that does not offer citizenship routes to non-nationals.</p><p>The new law could help prop up Dubai’s real estate market, which has been suffering from oversupply for years.</p><figure class=”article-mad” id=”5/9″><div id=’NW18_ENG_Desktop/NW18_ENG_India/NW18_ENG_India_AS/NW18_ENG_IND_AS_ROS_BTF_728’ > <script> googletag.cmd.push(function () { googletag.display(‘NW18_ENG_Desktop/NW18_ENG_India/NW18_ENG_India_AS/NW18_ENG_IND_AS_ROS_BTF_728′); 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font-family: ‘Segoe Pro Bold’;font-size: 13px;margin:0;}<br /> .corona-container .corona-boxl .corona-l-r:last-child p a {color:#1E2630;}<br /> .corona-boxr .corona-main {display:none;}<br /> .corona-boxr .corona-main.active {display: inherit;}<br /> .corona-boxr .corona-header{display: flex;justify-content: space-between;margin-bottom: 7px; position:relative;}<br /> .corona-boxr .corona-header .cross-icon{width: 22px;height: 22px;background: #ffc44e;border-radius: 50%;position: absolute;right: 0;top: 0;cursor: pointer;}<br /> .corona-boxr .corona-header .cross-icon:before, .corona-boxr .corona-header .cross-icon:after {content: ”;width: 12px;height: 2px;background: #222;display: block;position: absolute;top: 50%;left: 25%;}<br /> .corona-boxr .corona-header .cross-icon:before {transform: rotate(-45deg);}<br /> .corona-boxr .corona-header .cross-icon:after{transform: rotate(45deg);}<br /> .corona-boxr .corona-header .coorna-tab {display: flex;}<br /> .corona-boxr .corona-header .coorna-tab li {font-size: 24px;color: #8F8A7F;font-family: ‘Segoe Pro Regular’;text-transform: uppercase;padding: 10px 15px 10px 15px;margin-right: 3px;border-bottom: 1px solid #8F8A7F; cursor: pointer;}<br /> .corona-boxr .corona-header .coorna-tab li:last-child {margin-right:0;}<br /> .corona-boxr .corona-header .other-link {display: flex;align-items: center;padding-right: 30px;}<br /> .corona-boxr .corona-header .other-link li {margin-right: 20px;font-size: 14px;text-transform: uppercase;font-family: ‘Segoe Pro Bold’;}<br /> .corona-boxr .corona-header .other-link li:last-child {margin-right:0;}<br /> .corona-boxr .corona-header .other-link li a {color: #fff;display: flex;align-items: center;}<br /> .corona-boxr .corona-header .other-link li a span{display:block;}<br /> .corona-boxr .corona-header .other-link li a .icon{margin-right: 7px;}<br /> .corona-boxr .corona-header .other-link li a .icon img {max-height: 30px;}<br /> .corona-boxr .corona-header .other-link li a .text {line-height: 13px;}<br /> .corona-boxr .corona-header .other-link li a .text span {color: #BBBBBB;font-size: 12px;font-family: ‘Segoe Pro Regular’;}<br /> .corona-main-inner {display:flex;border: 1px solid #444444;background: #1F2326;margin-bottom: 5px;}<br /> .corona-main-inner .c-main-l {width:25%;padding:10px 10px 5px;border-right: 1px solid #444444;box-sizing: border-box;}<br /> .corona-main-inner .c-main-r {width:75%;}<br /> .corona-main-inner .c-main-r ul {display:flex;}<br /> .corona-main-inner .c-main-r ul li {font-family: ‘Segoe Pro Regular’;flex:0 0 25%;border-right: 1px solid #444444;text-align: center; position:relative;padding:0 0 3px 0;}<br /> .corona-main-inner .c-main-r ul li:last-child{border-right:0;}<br /> .corona-main-inner .c-main-r ul li:after{content:”; width:100%; height:3px; background:#707070;position: absolute;left: 0;bottom: 0;}<br /> .corona-main-inner .c-main-r ul li .head1{color: #BBBBBB;font-size: 11px;text-transform: uppercase;}<br /> .corona-main-inner .c-main-r ul li .head2 {font-size: 34px;font-family: ‘Segoe Pro Bold’;padding: 5px 0;}<br /> .corona-main-inner .c-main-r ul li span {font-size: 12px;}<br /> .corona-main-inner .c-main-r ul li.active-cases .head2{color:#FFB727;}<br /> .corona-main-inner .c-main-r ul li.active-cases span {color:#FFB727;}<br /> .corona-main-inner .c-main-r ul li.total-confirmed .head2{color:#FFD488;}<br /> .corona-main-inner .c-main-r ul li.total-confirmed span {color:#FFD488;}<br /> .corona-main-inner .c-main-r ul li.cured .head2{color:#41B408;}<br /> .corona-main-inner .c-main-r ul li.cured span{color:#41B408;}<br /> .corona-main-inner .c-main-r ul li.total-deaths .head2{color:#E34042;}<br /> .corona-main-inner .c-main-r ul li.total-deaths span{color:#E34042;}<br /> .c-main-select {width: 100%;padding: 4px;border: 0; margin-bottom: 10px;}<br /> .c-main-l-head {color: #444444;font-size: 24px;font-family: ‘Segoe Pro Regular’;text-transform: uppercase;}<br /> .corona-m-ftr {display: flex;justify-content: space-between;align-items: center;}<br /> .corona-m-ftr .corona-m-box {font-family: ‘Segoe Pro Regular’;color: #FFECCB;font-size: 11px;font-style: italic;}<br /> .corona-m-ftr .corona-m-box span{color: #FFECCB;font-weight: 900;border-bottom: 1px solid;}<br /> .corona-m-ftr .corona-m-box:nth-child(2){color: #FFB727;}<br /> .corona-m-ftr .corona-hospital {font-family: ‘Segoe Pro Regular’;background: #F5F5F5;color: #E1261C;font-size: 12px;text-transform: uppercase;padding: 3px 18px;border-radius: 25px;display: flex;align-items: center;}<br /> .corona-m-ftr .corona-hospital img {width: 22px;margin-right: 5px;}<br /> .note-icon {margin-right: 7px;display: inline-block;vertical-align: top;width: 20px;}<br /> .note-icon img{display: block;width: 20px;}<br /> .corona-boxr .corona-header .coorna-tab li.active {position: relative;font-family: ‘Segoe Pro bold’;color: #FFC44E;}<br /> .corona-boxr .corona-header .coorna-tab li.active:before {content: ”;width: 100%;height: 3px;position: absolute;background: #FFC44E;bottom: 0;left: 0;}<br /> .corona-boxr .corona-header .coorna-tab li.active:after {content: ”;width: 0px;height: 0px;border-left: 6px solid transparent;border-right: 6px solid transparent;border-top: 6px solid #FFC44E;position: absolute;top: 100%;left: 10px;} .bounce {animation-name:bounce;animation-timing-function: ease; animation-duration: 2s;animation-iteration-count: infinite;}<br /> @keyframes bounce {<br /> 0% { transform: scale(1,1) translateY(0); }<br /> 10% { transform: scale(1.1,.9) translateY(0); }<br /> 30% { transform: scale(.9,1.1) translateY(-20px); }<br /> 50% { transform: scale(1,1) translateY(0); }<br /> 100% { transform: scale(1,1) translateY(0); }<br /> }<br /> .corona-glide {position: relative;width:90%;box-sizing: border-box;display: inline-block;}<br /> .corona-glide * {box-sizing: inherit; }<br /> .corona-glide .glide__track {overflow: hidden; }<br /> .corona-glide .glide__slides {position: relative;width: 100%;list-style: none;backface-visibility: hidden;transform-style: preserve-3d;touch-action: pan-Y;overflow: hidden;padding: 0;white-space: nowrap;display: flex;flex-wrap: nowrap;will-change: transform; }<br /> .corona-glide .glide__slide {width: 100%;height: 100%;flex-shrink: 0;white-space: initial;user-select: none;-webkit-touch-callout: none;-webkit-tap-highlight-color: transparent; }<br /> .corona-glide .glide__slide a {user-select: none;-webkit-user-drag: none;-moz-user-select: none;-ms-user-select: none; }<br /> .help-lineno .helphead{font-size:12px;font-weight:normal;line-height:12px;}<br /> .help-lineno .helphead img{width: 10px;}<br /> .covid-radio {padding-left: 20px;position: relative;line-height: 15px;}<br /> .covid-radio .covid-radio-label {color:#FFC44E;font-size:11px;text-transform: uppercase;}<br /> .covid-radio input[type=”radio”] {position: absolute;opacity: 0;z-index:1;left:0;top:3px;cursor:pointer;margin:0;}<br /> .covid-radio input[type=”radio”] + .covid-radio-label:before {position: absolute;content: ”;border-radius: 100%;border:1px solid #ffc44e;display: inline-block;width: 10px;height: 10px;top: 3px;vertical-align: top;cursor: pointer;text-align: center;-webkit-transition: all 250ms ease;transition: all 250ms ease;left: 0;}<br /> .covid-radio input[type=”radio”]:checked + .covid-radio-label:before {background-color: #ffc44e;box-shadow: inset 0 0 0 2px #1f2326;}<br /> .covid-19-loading {text-align: center;padding: 50px 0;width: 100%; color: #fff;}<br /> .covid-19-loading:before {content: “”;display: inline-block;border-radius: 50%;width: 24px;height: 24px;margin: 0 10px -6px 0;border: 3px solid #e12b26;border-top-color:#1e263000;-webkit-animation: animate-loading 1s linear infinite;animation: animate-loading 1s linear infinite;}<br /> @-webkit-keyframes animate-loading { 0% { transform: rotate(0deg); } 100% { transform: rotate(360deg); }<br /> }<br /> @keyframes animate-loading { 0% { transform: rotate(0deg); } 100% { transform: rotate(360deg); }<br /> }<br /> </style><br /> <!– <div class=”corona-toolbarbtn” onclick=”ga(‘send’, ‘event’, ‘COVID19 Toolbar’, ‘Click’, ‘COVID19 Toolbar – Expand’);”> <div class=”toolbarbtn-l bounce”> <img src = “” alt=”corona virus btn” title=”corona virus btn”> </div> <div class=”toolbarbtn-r”> <img src=”” alt=”corona virus btn” title=”corona virus btn”> </div><br /> </div> –><br /> <div class=”corona-toolbar”><br /> <div class=”covid-19-loading”>Loading</div><br /> </div><br /> <script><br /> function numberFormat(x) { x=x.toString(); var lastThree = x.substring(x.length-3); var otherNumbers = x.substring(0,x.length-3); if(otherNumbers != ”) lastThree = ‘,’ + lastThree; var res = otherNumbers.replace(/\B(?=(\d{2})+(?!\d))/g, “,”) + lastThree; return res;<br /> } $(document).ready(function(){ $(“.entrypoint-covid”).click(function(){ if ($(“.corona-container”).length > 0) { $(“.corona-toolbar”).slideToggle(); } else { $(“.corona-toolbar”).slideToggle(); ga(‘send’, ‘event’, ‘COVID19 Toolbar’, ‘Click’, ‘COVID19 Toolbar – Expand’); sliderData(); } }); $(“.cross-icon”).click(function(){ $(“.corona-toolbar”).slideToggle(); ga(‘send’, ‘event’, ‘COVID19 Toolbar’, ‘Click’, ‘COVID19 Toolbar – Close’); }); }); </script><br /> <script src=”https://cdnjs.cloudflare.com/ajax/libs/Glide.js/3.0.1/glide.js”></script><br /> <script type=”text/javascript”> function sliderData (){ if ($(“.corona-container”).length > 0) { } else { $.ajax({ url:’/news18_revamp/ajax/corona_virus_toolbar_ajax.php’, type : ‘GET’, cache : true, success: function(response) { $(‘div.corona-toolbar’).html(response); new Glide(‘.corona-glide’, { type: ‘carousel’, autoplay: 5000, perView: 1, focusAt: ‘center’, breakpoints: { 800: { perView: 1 }, 480: { perView: 1 } } }).mount() }, error: function(xhr, ajaxOptions, thrownError) { } }); } }<br /> </script> <script><br /> // Lazy Load Images Js Starts<br /> document.addEventListener(“DOMContentLoaded”, function() { let lazyImages = [].slice.call(document.querySelectorAll(“img.lazy”)); let active = false; const lazyLoad = function() { if (active === false) { active = true; setTimeout(function() { lazyImages.forEach(function(lazyImage) { if ((lazyImage.getBoundingClientRect().top <= window.innerHeight && lazyImage.getBoundingClientRect().bottom >= 0) && getComputedStyle(lazyImage).display !== “none”) { lazyImage.src = lazyImage.dataset.src; lazyImage.srcset = lazyImage.dataset.srcset; lazyImage.classList.remove(“lazy”); lazyImages = lazyImages.filter(function(image) { return image !== lazyImage; }); if (lazyImages.length === 0) { document.removeEventListener(“scroll”, lazyLoad); window.removeEventListener(“resize”, lazyLoad); window.removeEventListener(“orientationchange”, lazyLoad); } } }); active = false; }, 200); } }; document.addEventListener(“scroll”, lazyLoad); window.addEventListener(“resize”, lazyLoad); window.addEventListener(“orientationchange”, lazyLoad);<br /> });<br /> // Lazy Load Images Js Ends var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; (function() { var cx = “017500531210951933434:xmqutf8eyba”; var gcse = document.createElement(“script”); gcse.type = “text/javascript”; gcse.defer = true; gcse.src = “https://cse.google.com/cse.js?cx=” + cx; var s = document.getElementsByTagName(“script”)[0]; s.parentNode.insertBefore(gcse, s); })();<br /> </script><br /> <script> </script><br /> <script> document.addEventListener(“DOMContentLoaded”, function() { });<br /> </script><!– Controller specific JS in footer–><br /> <script src=”https://images.news18.com/static_news18/pix/ibnhome/news18/js/desktop/slick_min.js”></script><script type=”text/javascript” src=”https://images.news18.com/static_news18/pix/ibnhome/news18/js/desktop/article_scroll_v1.js”></script><script src=”https://images.news18.com/static_news18/pix/ibnhome/news18/js/desktop/news18_min.js”></script> <!– News18 Article Page –> <!– Insticator add –><br /> <!–<br /> <script data-cfasync=’false’ type=’text/javascript’><br /> (function (a, c, s, u){‘Insticator’in a || (a.Insticator={ad:{loadAd: function (b){Insticator.ad.q.push(b)}, q: []}, helper:{}, embed:{}, version: “3.0”, q: [], load: function (t, o){Insticator.q.push({t: t, o: o})}}); 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