≡ Menu

Top reason why bankers love Dubai

Dubai UAE

Places like Hong Kong and Singapore have been hot locations for expats looking to relocate in exotic locations. While South East Asia is booming, there still remains lucrative opportunities in the Middle East for many bankers and Wall Street execs. Despite the regions volatility, the United Arab Emirates remains one of the Middle East’s most stable nations.  Business Insider reveals why the UAE capital of Dubai has been nicknamed by expats the ‘Disneyland for adults':

About three decades ago, almost all of modern Dubai was a desert.  And, very few foreigners called it home.

Today, the government has built a tax-free modern city filled with tourism and trade.  The Dubai locals now make up only about 5% of the population.

Almost all of the people working in Dubai’s finance industry speak fluent English.  Only those working directly with clients who don’t speak English must be familiar with Arabic.

Banking salaries are about the same as in New York or London, but there are essentially no taxes, so bankers bring a lot more of their pay check home.

Many expat bankers also receive housing subsidies from their employers.  Some banking allowances are around $30,000/year.

The average income per person in Dubai is around $120,000/year .

The cost of living in Dubai has fallen a great deal since the global economy began to take a turn for the worst.

A report by the Kuwait-based Global Investment House stated in mid 2011 that rental prices had fallen by 56% since prices peaked out in 2008.

Continue to the full article…

Our goal is simple: To help you achieve personal liberty and financial prosperity no matter what happens.

If you liked this post, please click the box below. You can watch a compelling video you’ll find very interesting.

Will you be prepared when everything we take for granted changes overnight?

Just think about this for a couple of minutes. What if the U.S. Dollar wasn’t the world’s reserve currency? Ponder that… what if…

Empires Rise, they peak, they decline, they collapse, this is the cycle of history.

This historical pattern has formed and is already underway in many parts of the world, including the United States.

Don’t be one of the millions of people who gets their savings, retirement, and investments wiped out.

Click the button below to watch the video.

Comments on this entry are closed.

Read previous post:
Luxury Cars Mansion
Motivational Monday: Wealth isn’t how much stuff you have

When most people think of what it means to be wealthy, they envision grandiose mansions, world renowned sports cars and...