Pros and cons of living in the UAE for expats

The United Arab Emirates have become home to over 70% of expats, and more and more people are planning to move to this country. The local authorities have nothing against this and make living conditions as comfortable as possible, because many immigrants do business in the country and make investments in the economy. They buy apartments and boost construction companies and the state treasury. They work in positions that UAE citizens do not want to occupy (for example, workers on construction sites). In addition, highly qualified specialists come to the country, who earn a good income here (compared with earnings in other countries in the nearby region). We have written an article about this, and we want you to find out more about the advantages and disadvantages of living in the UAE.

Pros and cons of living in the UAE

Many experienced expats highlight the following advantages:
  • The country has a well-developed, stable economy. Prices for everyday goods do not increase, because the exchange rate of the local currency has remained stable for many years. Foreign real estate buyers are exempt from taxes on the property sale, which makes local housing even more attractive, since many investors buy housing in the UAE to resell or rent out.
  • In addition, there are no taxes for employees and for most businesses. Only foreign banks and companies that extract oil, natural gas, and other minerals are to pay taxes in the UAE.
  • Great job opportunities for foreigners. Approximately 10 million people live in the Emirates and over 70% of the population are nationals of other countries. Foreigners are offered high salaries, especially if they are top-level specialists. In addition, employees are provided with a profitable medical insurance and housing rental from the company. Moreover, many companies provide employees with cars, home trips and many other bonuses.
  • Healthcare. The local authorities invest plenty of money for its development, so doctors here use the latest technologies. Therefore, the healthcare service in the UAE is one of the best in the world, and it is free for local residents. Foreigners working in the UAE get an annual healthcare insurance, the cost of which depends on what is included in its package.
  • Safety. The Sharia law is applied in the UAE, and all crimes are strictly punished, which is why there is less crime in the Emirates than in many other countries. In the list of the safest countries in the world, published by Global Finance in 2019, the United Arab Emirates is ranked the 21st.
  • Popular travel destination. Local authorities are doing everything possible to make both locals and tourists feel comfortable. For example, they equip beaches, open new shopping and entertainment centers, cafes, bars and restaurants. As a result, Dubai is visited by more than 10,000,000 tourists every year, bringing a great deal of money to the city.
  • Affordable vehicles. There are a lot of cars in the country because their cost is lower here. After the car has served its owner for about three years, it is considered old, and it is replaced with a new model. Another reason why people change their cars so often is that the process of buying and selling a car is very simple.
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Advantages of living in the UAE

Today, the UAE is one of the most progressive countries in the world, and many expats prefer to live in this country.

Wealthy foreigners choose this country as an investment destination due to the local tax policy and high rental yields.

Investors also consider the high standard of living, as well as the state of the real estate market. However, it is important to take into account not only the economic indicators, but also other factors. For instance, for those who are going to live in the country permanently, it is important to take into account factors such as the climate and other features, and those who want to receive rental income need to take into account how attractive a particular city and neighbourhood is for expats and tourists.

Can private owners rent out apartments in Dubai for a short term? According to Law No. 26 published in 2007, the owner can enter into a contract with tenants for at least one year, but this requires a written permission – a hotel management license, which can only be obtained by a legal entity.

What can the owner do in this case? They can sign an agreement with a licensed management company and allow the company to rent out their property.

Another advantage of buying an apartment here is the warm sea. The water temperature almost never drops below +25 degrees Celsius, which is a great advantage for those who like to swim. A year-round summer, comfortable beaches, remarkably developed urban infrastructure make the UAE a popular destination for tourists and expats.

All of the above makes investing in UAE real estate very prospective, because the owners of residential and commercial properties can always rent them out or resell them at a higher price.

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Advantages of buying a property in the UAE

Property owners in the United Arab Emirates can live in their apartments permanently or use them as a second home. In addition, they can rent them out or resell them to make a profit, so there are many advantages to buying real estate, but little disadvantages.

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Find your dream home in the UAE today. We have collected the best property deals in the United Arab Emirates. Our experienced agents are ready to help you choose the best villas and apartments, and our lawyers will do all the paperwork. We make buying a home in the UAE smooth and safe!