Expat Dubai News
Latest 10 news items tagged Dubai
30 Oct at 6 PM 2014
QROPS are still a good choice for expats living permanently overseas as they give significant tax advantages in addition to conforming to the new pension rules.
Overseas workers and expats who’ve reached retirement will benefit tax-wise from a QROPS, provided they have left the UK on a permanent basis. According to the Treasury, the new pension rules announced in the March budget speech will apply to QROPS, although the final wording has yet to be drafted.
Whatever the result, QROPS will still be a good deal for those who wish...
14 Oct at 6 PM 2014
A recent survey indicates that expats living and working in the UAE are shunning the emirates’ banks in favour of the security offered by their home country financial institutions.
Almost 50 per cent of those surveyed admitted that their wages and savings were paid into accounts held in home country banks. The reason given by 48 per cent of respondents was a lack of confidence in local UAE banks and the security of knowing their cash was safe under all circumstances.
Although UAE banks hold some £63 billion on deposit,...
2 Sep at 6 PM 2014
Industry experts in Dubai
are pushing for a re-run of the popular rent-to-own real estate scheme which allows expats to put rental charges towards purchasing their chosen home.
Expatriate real estate purchases have declined recently, due to stringent regulations including a mortgage cap introduced by the government as a way to cool down the emirate’s housing bubble. Reintroducing the rent-to-own plan with its similarities to an option contract is expected to return confidence to expat investors due to its try-before-you-buy nature....
21 Aug at 6 PM 2014
Given the number of expats from colder European climes who are living and working in Dubai
, the news that workplace productivity declines in proportion to temperature increases is no surprise.
Although new arrivals from the winter snows in many countries across Europe may think they’ve arrived in a warm heaven, once the summer highs of up to 50°C set in, they’re desperate to get relief on short breaks to cooler locations. The extremely high humidity of the average Dubai
summer makes the heat even more unbearable.
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...