What UAE offers?
Beautiful beaches, bustling city life with state of the art life style
amenities and luxury accommodation are what UAE is best at. Living can be
little expensive in some areas of the country but still it’s easy to enjoy
luxury life style amenities as compared to countries like UK or USA. As you
don’t need to pay any taxes on earnings and luxuries you are consuming. The
country allows every expat to enjoy lifestyle amenities that they may not
afford in their home countries. Most of the buildings are fitted with air
conditioning system which makes living comfortable in UAE during scorching
temperatures of 50°C in summer.
Professional financial benefits of living in UAE
Although, the global economic recession of year 2008-2009 has badly hit
the country, especially the hub city of Dubai, UAE has regained its momentum
and showing good progress in business, trade and investment sectors. It is nice
that you have decided to move this Arab country for finding better job
opportunities. Working here will not only allow you to improve your career and
standard of living rather it will also enable you to network with other
professional expats. This may help you to find better employment opportunities
even outside UAE. Besides this, the country also proffers unmatched financial
benefits via zero taxes on earnings and profits. No income taxes and tax free
shopping enables expats to save money.
Leasing and Buying Assets in UAE
However, UAE property market has huge supply of residential and
commercial properties, property rents are high. As most of the apartments,
villas and houses are purposefully constructed and equipped to provide luxury
living space. Most of the buildings are fitted with air-conditioning system due
to high temperatures during summer’s season. Size, location and amenities
primarily decide rents. Most of the residential units are available with
maintenance services that further increase rents. Initially foreigners were not
supposed to buy assets in UAE, what they were allowed to do is leasing a
residential or commercial property for their accommodation or to establish
their business. After considering interest of foreigners in region’s real
estate, northern emirates like Dubai and Sharjah started offering freehold
properties in specific areas. Foreigners
who have fully paid for the property they have purchased will get permit to
live in UAE. Soon after the inception of Freehold property law, a significant
rise has been observed in real estate investments.
UAE the happiest Arab place to live
According to the second World Happiness report issued by United
Nations, UAE has been ranked on first position among Arab countries and
globally ranked on 14th position. The report is based on basic
factors like GDP per capita, economic growth, healthcare, freedom to make
choices and public awareness with corruption. The country is very well known
for sunny beaches, zero taxes and wealthy residents. Despite these allures, the
country has numerous other things to offer for everyone living and visiting the
city. Negligible crime rate, obtainable luxury lifestyle and profitable
business and investment opportunities are the real reasons making United Arab Emirates happiest Arab country.
These are the few reasons fostering UAE’s image as a great place to
live among expats across the world. Those who want to explore career and luxury
lifestyle amenities could easily find better life in leading emirates of Dubai
and Abu Dhabi.
