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Survey reveals UAE still tops for career progression and lifestyle
| Published: | 3 Oct at 6 PM |
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Whilst negative reports and survey results continue to hit the rest of the Gulf States, the UAE is still attracting expat professionals for its stability, safety, salaries and quality of life.
As a whole, the Gulf State region’s results in the recent HSBC expat survey left a lot to be desired, and more recent media attention has been focused on discontent amongst expat professionals attempting to cope with nationalisation of jobs, dwindling salaries and increasing insecurity. However, the UAE’s survey result landed it in 12th place overall for its financial benefits, political stability and safety.
As Kuwait crashed to the bottom of the 45-country survey, 78 per cent of UAE-based expats were reporting their host country was far more politically stable than their home countries. Given the global average according to the survey stood at 51 per cent, thus illustrating expats’ overall safety concerns, the result for the UAE was encouraging, to say the least.
Questions about the state of the local economy resulted in 57 per cent of respondents believing confidence was warranted, and even although the figure was four per cent lower than its 2015 level it was still four per cent higher than the global average of 52 per cent. The ease of staring a business was rated at 53 per cent, and career advancement came out at 54 per cent, again beating out last year’s level as well as the global average of 38 per cent.
Two-thirds of expat respondents said their earnings were higher than in their home countries, with the average salary in the emirate some 14 per cent higher than the survey’s global average. An HSBC spokesperson reported the UAE’s high ranking against the rest of the list was no surprise, adding the emirate’s world-class infrastructure sees a high number of entrepreneurs taking advantage of its tax-free incomes and high earnings potential.
Some 61 per cent of UAE respondents reported an improvement in their lifestyles, although many noted rising costs, especially those linked to private education, were a cause for concern. Overall, the UAE is still the most attractive option in the region for career-minded expat individuals looking for the good life.
As a whole, the Gulf State region’s results in the recent HSBC expat survey left a lot to be desired, and more recent media attention has been focused on discontent amongst expat professionals attempting to cope with nationalisation of jobs, dwindling salaries and increasing insecurity. However, the UAE’s survey result landed it in 12th place overall for its financial benefits, political stability and safety.
As Kuwait crashed to the bottom of the 45-country survey, 78 per cent of UAE-based expats were reporting their host country was far more politically stable than their home countries. Given the global average according to the survey stood at 51 per cent, thus illustrating expats’ overall safety concerns, the result for the UAE was encouraging, to say the least.
Questions about the state of the local economy resulted in 57 per cent of respondents believing confidence was warranted, and even although the figure was four per cent lower than its 2015 level it was still four per cent higher than the global average of 52 per cent. The ease of staring a business was rated at 53 per cent, and career advancement came out at 54 per cent, again beating out last year’s level as well as the global average of 38 per cent.
Two-thirds of expat respondents said their earnings were higher than in their home countries, with the average salary in the emirate some 14 per cent higher than the survey’s global average. An HSBC spokesperson reported the UAE’s high ranking against the rest of the list was no surprise, adding the emirate’s world-class infrastructure sees a high number of entrepreneurs taking advantage of its tax-free incomes and high earnings potential.
Some 61 per cent of UAE respondents reported an improvement in their lifestyles, although many noted rising costs, especially those linked to private education, were a cause for concern. Overall, the UAE is still the most attractive option in the region for career-minded expat individuals looking for the good life.
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