Expat Dubai News
Latest 10 news items tagged Dubai
14 Dec at 6 PM 2018
Expat eco-warrior Nila lives in Dubai
and is getting by very well without using plastic or any of its derivatives.
Nila is committed to proving plastic isn’t necessary for life a we know it, and she’s a magnificent example of the way to lead a totally sustainable lifestyle in the midst of Dubai’s luxurious ambience. As a child living in Africa, she was taught by her Peace Corps father never to waste anything and to always respect the environment, and she sticks by her convictions to this day. She told the media she’d been...
27 Nov at 6 PM 2018
The UAE’s end of service benefit is a useful and welcome lump-sum bonus for expats who’ve worked in the emirates for a while, but is it enough?
Expats in the UAE are entitled to this gratuity once they’ve worked for a company for one year, and those working in the same job for more than five years receive an amount increased to 21 days’ pay based on the final salary. Thus, the amount received depends on the actual duration of employment. In contrast, emirati employees leaving their jobs are paid in a different manner as...
19 Nov at 6 PM 2018
The recent and continuing expatriate exodus is hitting Dubai
where it hurts – in the pocket.
Once top of the expat wish list for huge tax-free salaries, a glittering lifestyle and every possible amenity, Dubai
isn’t what it used to be. The famed city in the desert is fading fast as the expatriate exodus expands, although its massive retail and commercial construction projects continue apace. No-one in charge is asking who’s going to buy the executive mansions or lease the acres of retail and office spaces as expats and their...
15 Nov at 6 PM 2018
Expats are to be banned from using Kuwait public hospitals by the end of 2020.
Sources from within Kuwait’s healthcare sector have told local media the emirate’s health ministry is planning on banning expats from seeking treatment in local public hospitals. The ban is expected to come into force within the next two to three years. The ministry has also rejected lawmakers’ demands and proposals to reverse its decision to exempt certain expat groups from paying increased healthcare fees. The exemption will now only apply to GCC...
7 Nov at 6 PM 2018
rents and property prices are due by the end of this year.
The fall in Dubai
real estate prices and rental charges is now expected to crash still further by late December. Real estate agents in the emirate are predicting a five per cent drop in both sectors as a result of a 20 per cent fall in the number of homes changing hands. However, property firms are attempting to talk up the market whilst counting the cost of a slump in commissions earned.
The size of the percentage-based slump in interest as well as in prices...
6 Nov at 6 PM 2018
The Brexit-hit pound sterling is providing a once-in-a lifetime opportunity to Middle East investors wishing to purchase UK property.
Investors in Dubai
and the rest of the emirates are piling their money into British buy-to-let properties, forcing house prices up whilst taking full advantage of the shrinking pound and low mortgage interest rates. Worse still, many are waiting in eager anticipation of a possible no-deal Brexit’s further negative effect on the sterling exchange rate.
-resident landlord already has a £14...
1 Nov at 6 PM 2018
Expats now resident in the UAE are beginning to like the idea of property ownership.
A report from the online real estate portal Property Finder revealed the result of a recent survey, with 50 per cent of respondents who’d purchased homes over the previous six months now believing owning is better than renting. A further 33 per cent said now seemed to be a good time to buy. Those who’d purchased homes did so for financial reasons, as they were planning to stay in the UAE for at least three years or more and didn’t want to pay...
9 Oct at 6 PM 2018
Is Vision 2030 the death knell for expatriate professionals in Saudi Arabia?
Launched in 2016 by Saudi Arabia’s Crown Prince, Vision 2030 is intended to diversify the Kingdom’s economy away from its traditional dependency on oil revenues. For decades, the Gulf State has been a haven for expat professionals earning salaries and living luxury lifestyles unimaginable in their home countries. Nowadays, the introduction of Saudization is gradually decreasing opportunities and discouraging top talent from risking their careers in what...
1 Oct at 6 PM 2018
Is now the time for expats to invest in mid-range UAE property?
As the swing in UAE property prices nears its lowest point since 2014, financial gurus are recommending mid-range property purchases below a bench mark of DH1.5 million as the way to go for expat investors. Purchasers planning a buy-to-let investment are expected to gross between seven and nine per cent in some areas and , taking into account interest payments, upkeep and service charges, should still make good profits on studios and apartments with one to three bedrooms....
25 Sep at 6 PM 2018
Soaring UK property prices may persuade expats to stay in Dubai
The problems of replicating a Dubai
lifestyle as regards suitable properties in the UK may well encourage British expat professionals close to retirement to stay in the UAE. Expats coming up for retirement are now becoming aware the high costs of luxury housing in the UK may cause financial difficulties as regards relocating to the home country. Downsizing after years in the hothouse atmosphere of Dubai
and the other emirates may not be an acceptable...