Expat Dubai News
Latest 10 news items tagged Dubai
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...
21 Sep at 6 PM 2018
Long-stay expats in the UAE are debating their concerns about the emirates’ new retirement visas on social media.
Following the recent announcement that long-term expats in the UAE will be able to stay on a five-year visa after their retirement from work, local social media pages are buzzing with discussions about the pros and cons of the official change of heart. Although most expatriates welcome the change, many can see trouble ahead, due to the at-present seemingly one-off nature of the visa. Another cause for discussion are the...
20 Sep at 6 PM 2018
Long-stay, wealthy expats in Dubai
are mostly pleased at the introduction of ‘retirement visas’, but is the move enough to stimulate the emirate’s fading real estate market?
One thing’s for sure, the new visas are welcome for expats who’ve spent most of the their working lives in the UAE and don’t fancy starting again overseas after they reach the average retirement age of 55 years. The move is also likely to encourage younger expat professionals to commit to the emirates for the foreseeable future, thus putting down...
17 Sep at 6 PM 2018
The wonders of the desert and the traditional Bedouin culture and way of life are now open to expats joining the annual UAE 500km camel trek.
Registration for the journey of a lifetime across the region’s vast deserts is now open, with expats of all nationalities invited to join in. The trek itself covers the deserts’ vast expanse of unique natural beauty and gives a rare insight into the lives and culture of the tough Bedouin tribes who called the seemingly endless dunes their home. This unique experience shows the traditional...
17 Sep at 6 PM 2018
Expatriates living and working long-term in the UAE are welcoming the emirates’ new long-term residence option.
The thought that UAE law forces long-term expat professionals to leave their adopted country once they’ve reached retirement age has long been a painful thorn in the sides of those who’d given the best years of their life to helping the UAE develop to its present-day form. At best, it seemed ungrateful, and at worst it causes distress to expats who literally have nowhere else to go after leaving their friends and...
7 Sep at 6 PM 2018
Tourists as well as expatriates returning to Dubai
after the summer break are being warned not accept an alcoholic drink during their flight.
The warning comes after a Swedish expat living long-term in London with her partner and children was arrested and imprisoned for drinking a glass of red wine offered to her by a stewardess. British consulates across the UAE issued the advice via a Facebook post after the story made news worldwide, with many responses asking why airlines are still serving alcohol on flights heading for Dubai
30 Aug at 6 PM 2018
In spite of endless warnings about financial fraudsters preying on expats, another Ponzi scheme has now been uncovered.
Victims of the latest financial fraud in the popular Spanish resort of Marbella have claimed losses of up to six million in sterling due to a Ponzi scheme being run by a Welsh investment advisor. Rhys Williams lived the high life in the resort, persuading his victims to invest eye-watering amounts in a Dubai
printing and paper recycling firm as well as in Dubai
trading platforms. The fraudster guaranteed returns of...
28 Aug at 6 PM 2018
Expat parents with children at private schools in Dubai
are relieved about fees being frozen.
As Dubai’s private education sector gears up for the new 2018/2019 academic year in September, the news that fees will be frozen at their present amounts has come as a relief for expat parents. The initial announcement came in June and was welcomed by expatriate families already struggling to make ends meet in the pricey emirate. In the main, salaries haven’t increased and, especially for those with more than one child in private...