1. The period of service of the foreigner before his retirement is at least (15) fifteen years, whether inside or outside the country, and he has completed (55) fifty-five Gregorian years of age.
2. One of the two conditions must be met:
a. To be the owner of one or more real estate within the country, the value of his real estate or the total value of his real estate is not less than (1,000,000) million Dirhams, whether this value is the purchase or market value, provided that the competent authority in the emirate carries out the evaluation, and that he has a deposit of no Its value is less than (1,000,000) million Dirhams inside or outside the country, provided that it is transferred and deposited in any financial institution in the country within (60) sixty days from the date of issuance of the residency, except for the event that he invests the value of the deposit inside the country.
B. The fixed annual income of the retiree shall not be less than (240,000) two hundred and forty thousand Dirhams or its equivalent in foreign currencies, whether the source of the income is inside or outside the country, provided that a bank statement for the last (6) six months from the date of applying for residence is submitted.
3. Subject to condition (a) if the property is mortgaged, the mortgaged title deed is accepted, provided that the value paid to release the mortgage from the total value of the mortgage is not less than (1,000,000) million Dirhams at the time of applying for residence.
