Expat Dubai News
Latest 10 news items tagged Dubai
14 Aug at 6 PM 2014
Even with Dubai
’s high expat salaries and the country’s tax-free status, earning far more than back in the home country doesn’t necessarily equate with saving more.
The younger the expat arrivals in Dubai
are, the less they consider that the higher salaries they’re receiving have anything to do with saving a proportion for the proverbial rainy day. In fact, a few years’ stint in the wealthy city of Dubia can set the average expat professional up with a property deposit in the home country without having to trouble the Bank...
31 Jul at 6 PM 2014
’s latest residential review noted that rents rose by 20 per cent over the last 12 months and warned of another property bubble.
The revelations in the latest Dubai
property review are causing concern over yet another property bubble in the region. Apartment rents soared year-on-year by 21 per cent, dragging the average overall rent increase to 20 per cent.
Those renting villas fared better with just a 10 per cent increase, but the impact of rent rises on Dubai
’s cost of living is worrying for expats working in the city as...
21 Jul at 6 PM 2014
The annual British Behaviour Abroad report brings bad news for British tourists and expats working in the UAE, as the number of those arrested for bad behaviour has soared since 2012.
Attempt to blame the results of the report solely on British tourists in the region are likely to fail due to a strong decline in temporary visitors to the desert emirates. Comparative numbers tell the tale, with tourism declining during the last two years by 25 percent, and the number of UK expats working in the region staying steady at around 100,000...
24 Jun at 6 PM 2014
A new report has revealed that the traditional multi-millionaire haunts of London, Paris, New York and Geneva are losing their super-rich residents to exotic countries previously favoured by adventurous expats.
The survey, undertaken for Knight Frank’s Global Wealth Report, canvassed 23,000 ultra-high net worth multi-millionaires, and came up with some surprising changes. India, Africa, the Middle East and Indonesia are steaming up the lists as the new, trendy places to settle when there’s no lack of capital to fund your...
23 Jun at 6 PM 2014
As inflation in Qatar soars to an all-time high, expats on fixed packages are increasingly unable to save or enjoy their free time in this exotic location.
Wealth statistics in the emirate reveal the highest per capita GDP on the planet, but its soaring inflation rate is making rent increases, school fees and the coast of everyday necessities a burden for expats. Savings for the return to the home country are a thing of the past for many, and the enviable lifestyle they were promised is a fading dream.
However, even in this luxury...
10 Jun at 6 PM 2014
The revenue to be gained worldwide by investing in and promoting medical tourism has resulted in a slew of countries setting up private hospitals and clinics, with Dubai
the latest to announce its aim to become a world medical tourism hub.
The oil-rich country now boasts internationally-accredited hospitals with world-class facilites as well as acclaimed specialists in the field, and is well-placed to fulfill its ambition. The emirate’s health authority met last week to invite stakeholders to benefit from the extensive financial...
23 May at 6 PM 2014
In spite if a push to recruit top expat talent to the Gulf States, UAE companies are offering salaries and benefits up to 10 per cent lower than in 2013.
The global war to attract fully qualified and experienced migrants to new jobs and new lives across the world is in full swing, giving top talent plenty of choice. However, recruiters in the UAE are reporting difficulty in selling their region to executive-level professionals as companies in other countries are offering better deals.
The average expat package is made up of a good...
5 May at 6 PM 2014
isn’t exactly a retirement haven for older Brit expatriates, it’s tipped as the new Spain for those looking for employment in exotic locations.
Spain, once a favourite for jobs including sun, sea and sangria, is falling out of favour with younger expat professionals looking for fun as well as employment in a thriving location. The Muddle East is now offering comparatively stable house prices and better job opportunities, attracting a growing number of migrants as a result.
According to a survey by a leading British...
29 Apr at 6 PM 2014
As property prices in Dubai
soar towards their 2007 levels, mid-range expat and local buyers are being left far behind.
Nowadays, cash is king in the Dubai
property market, with overseas buyers underpinning the sector and construction of new apartments and homes picking up at a surprising rate. House prices are fast approaching levels at which locals and lower-paid expats can’t match.
Real estate prices in 2013 increased by 22 per cent, driving up rents as result. The increase measures four time the rate of wage increases in the...
24 Apr at 6 PM 2014
Diplomatic missions in Dubai
and Abu Dhabi spared no expense for get-togethers in celebration of Queen Elizabeth II’s 88th birthday.
The red carpet was rolled out in earnest earlier this week for the great and good from the UAE’s 120,000 strong expat community. Hundreds of invited guests thronged the embassy grounds in both cities in respect to the celebrated monarch’s amazingly long reign.
The party of the year in Abu Dhabi was held on Wednesday evening, a day later than Dubai
’s birthday thrash, and both embassies...