Expat Dubai News
Latest 10 news items tagged Dubai
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...
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...