Expat Dubai News

Latest 10 news items tagged Dubai

2 Sep at 6 PM 2014

Dubai may reintroduce rent to own property scheme

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

Dubai companies report expats work less during the hot season

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. Expat experts...
14 Aug at 6 PM 2014

How to save money as a Dubai expat

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

New report warns of Dubai property bubble risk

Dubai’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

Report identifies UAE as plagued by misbehaving Brits

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

Wealth centres shifting away from traditional cities to developing countries

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

Expat tips for cutting Qatar’s high cost of living

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

Dubai plans to be hub of world medical tourism

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

Gulf State firms refusing to sweeten top talent expat packages

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

Dubai the new Spain for working British expats

Whilst Dubai 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...