Expat Dubai News
Latest 10 news items tagged Dubai
4 Oct at 6 PM 2019
is rushing to court investors as its economy tanks.
Weakening trade, tourism and property sales are threatening the Gulf States’ most diverse economy, with its growth now regarded as ‘lacklustre’ by economic experts. Last year, real estate deals fell some 21 per cent, with tourism figures remaining at around 16 million since 2017. Consumer spending in the city-state is also subdued, with the triple whammy resulting in just 1.9 per cent growth. The growth figure is half that of 2017 and point 4 per cent more than during...
1 Oct at 6 PM 2019
The UAE is planning to create 20,000 new jobs aimed exclusively at Emiratis.
In a move which may result in the beginning of the end of jobs for expat professionals in the Gulf States, the UAE will create 20,000 private sector jobs for locals as well as subsidising their wages.No less than 160 private sector job categories will be included, with only Emiratis eligible to apply. The UAE is the second-largest economy in the Arab world, in which expatriates form 80 per cent of its entire population. It's also the latest cash-strapped...
24 Sep at 6 PM 2019
For expat professionals living and working in Dubai
, its falling property prices may present an investment opportunity.
The effects of Dubai
’s slowing economy and the oversupply of new housing developments have sent the emirate’s property market into a tailspin. However, the newly-introduced visa laws for skilled workers and expat retirees wishing to stay in the city may encourage investors to take a chance. Given that the Dubai
real-estate scene isn’t yet in the doldrums experienced during and after the 2008 world financial...
12 Sep at 6 PM 2019
Are co-living spaces the answer for younger expat professionals in Dubai
As the numbers of young, entrepreneurial expats in Dubai
continue to increase, co-living spaces are springing up amongst the city’s clusters of townhouses and high rise apartment blocks. The city’s high cost of living and soaring rental charges have made shared space the only option for many new arrivals, with the trend now becoming increasingly popular. On offer are small private studio apartments linked to communal lounges for relaxation, creating an...
4 Sep at 6 PM 2019
Expats are being advised not to let a salary increase turn into a financial disaster.
For expats who don’t run a household budget linked to their salaries, an increase in wages can lead to a spending trap, especially if they’re living and working in luxury locations such as Dubai
, Paris, Switzerland or New York. Salary increases are good news, but can turn a carefully planned budget into a debt crisis within a surprisingly short time. Known as ‘lifestyle creep’, the syndrome is easy to understand but difficult to reverse....
4 Sep at 6 PM 2019
Is there a sinister side beneath Dubai
’s glitz and glitter?
is one of the all-time expat favourites for its high salaries, its luxurious lifestyle and its glamorous residents, but some long-term expats sense there’s a sinister undercurrent below the trappings of wealth. Those who’ve ‘made it’ in the city are there to see and be seen, with its exclusivity drawing famous names as well as top talent. What isn’t discussed, or even noted by new arrivals, is the coverage of every square metre in the city by the...
22 Aug at 6 PM 2019
The results of a Better Life Index study by Abu Dhabi’s Department of Community Development have revealed a high proportion of elderly residents are depressed and lonely as well as suffering from heart disease, diabetes and other age-related disorders. It’s not just local people who’re affected, as there are now some 30,000 expats aged over 60 years living in the emirate. In order to improve their lives, a volunteer initiative is being put in place in an attempt to build a bridge between the generations.
The pilot programme, to...
13 Aug at 6 PM 2019
As the UAE jobs market shrinks due to nationalisation, expats wanting to stay in the region are considering online gaming as a full-time job.
Esports are the latest fad as well as a potential money-maker due to the esports tournaments paying out as much as millions of dirhams in prize money to successful players. The industry is now flourishing in the Gulf States, attracting a growing number of events as a result. One organisor, YaLaEsports, has garnered a massive amount of funding from investors and now has 50 players taking part in...
29 Jul at 6 PM 2019
According to a recent Saudi Gazette announcement, the vast majority of jobs in the hospitality sector will be closed to expatriates by the end of this year..
The new rule will apply to hotels with three-star or higher ratings, villas listed as four-star or higher, hotel suites and resorts, and includes almost every position with the exception of drivers, bellboys, parking attendants and doormen. The move will Saudizise the entire upper, middle and lower employment tiers of the sector and will come into force on 28th December this...
26 Jul at 6 PM 2019
The death of a partner whilst on reassignment overseas isn’t something any expatriate wants to think about but, in certain circumstances, it can cause major financial disruption as well as grief.
Rules about inheriting money should a partner die are different across the world and can be confusing, especially for those grieving the unexpected loss of a husband or wife. For expatriates living and working in Dubai
, it can be especially galling, as joint accounts are frozen after the death is reported, making it very difficult to access...