Where and how to settle in Dubai?
Why Dubai?
Dubai is a city that offers something for everyone – sunny beaches, warm winters, great restaurants and a lineup of great shows, high salaries, generous benefits and no income tax. The city has been generous with many expatriates who have settled there. So it’s only natural that Dubai ends up as the sixth best city for expatriate workers according to TheNational.com.
High earning potential for expatriate workers
High salaries and a high quality of life are among the main reasons expats choose Dubai. According to a survey by HSBC, 73% of expats living in the UAE earn more than in their home country. Working expats (and their dependents) also enjoy better conditions compared to their counterparts around the world, such as an annual stipend for flights to their home country and mandatory health coverage.
Most of the jobs available in the private sector in Dubai are open to foreign workers, who make up around 85% of the population. While salaries and benefits typically vary by industry, employer, and employee skill set, here’s a look at average monthly salaries in 2019:
• Finance Director ~USD 14,000 (AED 60,000) • HR Director ~ USD 14,000 (AED 60,000) • Marketing Manager ~ USD 12,000 (AED 50,000) • Hotel Manager ~ USD 14,000 (AED 60,000) • Store Manager (Luxury) ~ USD 8,000 (AED 33,500) • Property manager ~ USD 7,100 (AED 30,000) • Civil engineer ~ USD 7,100 (AED 30,000) • Analyst in an investment bank ~ USD 5,700 (AED 24,000) • Sales manager ~ USD 4,700 (AED 20,000) • Graphic designer ~ USD 3,800 (AED 16,000)
International investors are welcome in Dubai
Dubai is a city frequented by international real estate investors. Indians, Chinese and British are joining investors from other Gulf States in buying new construction in Dubai, creating a cosmopolitan city.
The Dubai Land Bureau says Chinese investment amounted to ~ 410M USD in the first three quarters of 2018 and the last five years have seen a 53% increase in Chinese residents. That’s nearly a quarter of a million Chinese living in Dubai, and Chinese business investment is also strong.
In 2018, 22,000 new apartments and 4,400 new villas were sold, according to statistics from Maxwell Cavendish. The secondary market is booming too, and buyers don’t have to worry about getting locked into an investment due to a lack of buyers.
