Emi­rates 10th best lo­ca­tion for ex­pats in the world

The Gulf Today - Business - - Front Page - BY A STAFF RE­PORTER

DUBAI: For some time now, the UAE has had a rep­u­ta­tion for be­ing a coun­try where ex­pa­tri­ates come to live and work for a few years be­fore mov­ing on. How­ever, ac­cord­ing to HSBC’S lat­est Ex­pat Ex­plorer sur­vey, the coun­try is in­creas­ingly gain­ing mo­men­tum as a lo­ca­tion where ex­pa­tri­ates are not only look­ing to build their ca­reers in the short term, but also a place they are choos­ing to set­tle down for the longer haul. The UAE is now the 10th best place in the world to live as an ex­pat.

Now in its 10th year, HSBC Ex­pat Ex­plorer sur­veyed ex­pa­tri­ates liv­ing in 46 dif­fer­ent coun­tries, as­sess­ing their lev­els of ful­fil­ment – be that fi­nan­cial, pro­fes­sional, per­sonal, or a com­bi­na­tion of all three – through three key themes of eco­nom­ics, ex­pe­ri­ence, and fam­ily. In the re­sults, Sin­ga­pore came first over­all, with New Zealand listed as the best des­ti­na­tion for ex­pe­ri­ence (58% moved there to im­prove their qual­ity of life), the Nether­lands for fam­ily (76% noted its health and well­be­ing ben­e­fits for chil­dren, while 72% cited its high qual­ity of ed­u­ca­tion), and Switzer­land for eco­nom­ics, thanks to con­fi­dence in the lo­cal econ­omy and po­lit­i­cal sta­bil­ity. In the Ex­pat Ex­plorer league ta­ble, the UAE came 10th over­all, rank­ing 5th for eco­nom­ics, 20th for ex­pe­ri­ence, and 24th for fam­ily.

Greener pas­tures More than half (56%) of those sur­veyed said that they had moved to the UAE to im­prove their fi­nan­cial prospects and earn­ings, and with the av­er­age gross per­sonal in­come listed as $127, 197 along with a 92% em­ploy­ment rate – com­pared to a global av­er­age of just 78% – it’s easy to see why the coun­try holds such strong ap­peal for those seek­ing to broaden their ca­reer hori­zons. In fact, com­pared to 2016, the num­ber of ex­pats who say that their earn­ings po­ten­tial is bet­ter than that in their home coun­try has im­proved by 10 per­cent­age point, with 75% claim­ing that they can earn more here than they do back home. For most re­spon­dents, home is ei­ther Europe (35%), or South and Cen­tral Asia (35%).

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