Expat Uae News
Latest 10 news items tagged Uae
6 Dec at 6 PM 2018
The introduction of Oman’s visa ban and its recent extensions seems to have encouraged unemployed locals to get jobs, but Oman‘s new Golden Visa scheme doesn’t allow expat citizenship.
The aim of the expat visa ban was to vastly increase available jobs for Omanis as the emirate’s unemployment figures were at an all-time high. Since the visa changes were announced, the expat labour force has shrunk by four per cent, with the majority of drops seen in the financial, engineering, manufacturing, industrial and construction...
3 Dec at 6 PM 2018
Recent articles in the GCC Arab media suggest a reaction against getting rid of expatriate talent in the region.
In spite of the various Omanization, Kuwatization, Saudization and other such programmes intended to rid the emirates
of expatriates and give their jobs to locals, it seems an increasing number of nationals believe government, institutional and other performances are in decline as a result. Arab newspapers are full of tales of woe and scandals related to the programmes, and infrastructure is failing across the region due to...
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...
26 Nov at 6 PM 2018
As details emerge about the UAE’s long-term expat visa scheme, it seems only the very wealthy will benefit.
Foreign residents in the UAE
hoping to be included in the UAE’s much-vaunted long-term visa scheme are likely to be disappointed as the five and 10-year residency permits are to be limited to wealthy investors, entrepreneurs, researchers and those with specified talents. Expatriates comprise 90 per cent of the UAE’s total population, with the scheme originally intended to give expats in general a stake in the country’s...
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...
15 Nov at 6 PM 2018
expats, it’s the worst scenario to find your local bank account is frozen!
Inability to access funds, even for a short time, is the worst nightmare for many expats, especially when they’ve not the faintest idea why it’s happened. It’s tricky enough to bank in a country where you can’t speak the local language fluently, and even worse when even the alphabet is indecipherable. Losing access to necessary funds can cause knock-on effects such as non-payment or education charges, rent and even shopping for necessities...
7 Nov at 6 PM 2018
Cheaper Dubai 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.
One Dubai-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...