Expat Uae News

Latest 10 news items tagged Uae

20 Sep at 6 PM 2018

Will the UAE’s new retirement visas solve the real estate slump?

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

Expats in UAE invited to join annual 500km camel trek

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

New UAE long term residence law stabilises expat life

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

Expats returning to Dubai after summer break warned over drinking alcohol on flights

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 as...
5 Sep at 6 PM 2018

Is Saudi Arabia unraveling as an expat professional destination?

What next for expat professional prospects versus Saudization? In the modern world, it’s sometimes difficult to determine between real and fake news, but numerous recent reports might suggest Saudi Arabia as well as the UAE are unravelling as an expat professional destination. Vision 2030, the brainchild of the kingdom’s Crown Prince Mohammed, was initiated as an attempt to wean the country off its dependency on oil revenues as well as promoting full employment for Saudi citizens, but is now facing a self-made employment crisis...
4 Sep at 6 PM 2018

Higher cost of expat employees forcing Saudi SMEs to employ local labour

The high cost to UAE SMEs of employing expatriates is expected to result in a surge of Saudization. Market analysts are predicting a rise in the rate of Saudization amongst small and medium size enterprises in the UAE as a result of an increasing inability to afford the higher rates of pay common in the expat worker sector. According to a spokesperson for the Saudi Ministry of Labour and Social development, a new strategy will be aimed at achieving a balance between jobseeker numbers and private companies’ current economic...
3 Sep at 6 PM 2018

Inexperienced expats warned about borrowing to fund cryptocurrency purchase

Expats based in the UAE are warned to beware of borrowing to fund cryptocurrency investments. One French expatriate based in the UAE and working as a cabin crew member with a major airline has lost almost all of the money he borrowed to invest in cryptocurrencies. Early last autumn, the French cabin crew member made several small investments in cryptocurrencies and came out of it very well due to the boom in the unconventional currency. Three months later, as the boom continued, he decided to get a loan and invest again. Having found...
31 Aug at 6 PM 2018

Lenders reassure expats over buy to let mortgages and UK property investments

In spite of the increasing likelihood of a no-deal Brexit, mortgage lenders are reassuring expats they will still be able to get mortgages on UK properties. Market leaders and estate agents are saying there are no post=Brexit problems for lenders as regards mortgages for both British nationals and expatriates, provided they submit all the necessary documentation to prove their right to proceed. The statement came as reports indicated no slowdown in the high demand for UK real estate from overseas buyers. Several mortgage brokers...
23 Aug at 6 PM 2018

Dubai debt laws leave elderly British expat in limbo

A homeless, debt-ridden British expat in Dubai is trapped in an impossible situation due to the emirate’s illogical laws. Hardly a month goes by without yet another instance in which Dubai’s inflexible laws have trapped yet another British expat and resulted in imprisonment and deportation, but the latest story defies Western concepts of common sense more than most. Given that the plight of the expat involved was caused by his own lack of ability to cope with his own expectations of Dubai, the situation he’s now in gives him no...
17 Aug at 6 PM 2018

Expats in UAE struggle to save in spite of high salaries

In spite of paying no income tax and earning inflated salaries, expats working in the UAE are struggling to save. During the average five years an expat spends working in the UAE on a non-taxed high salary, it would seem it’s possible to save a reasonable amount for the future. However, the majority are believed to have saved nothing and many say they’re struggling to support their luxury lifestyles, with little left over to save or invest. Others, of course, neglect the need to save and simply go on enjoying upscale expatriate...