The United Arab Emirates has emerged as an increasingly popular destination for expatriates, drawing individuals with promises of rewarding careers, tax benefits, a luxurious lifestyle, and abundant sunshine throughout the year.
Recent data from John Mason International Movers reveals a remarkable surge in interest: enquiries from British nationals seeking relocation to the UAE have increased by an astonishing 420 percent over the past five years. Dubai, one of the seven emirates that comprise the UAE, has become particularly sought after. Online searches for terms like “move to Dubai” and “jobs in Dubai” have seen a significant rise, jumping 50 percent year-on-year.
Jeremy Savoury, CEO of Millionaire Migrant and a British expat residing in Dubai, understands the appeal. “It really does tick almost every box,” he remarked. Initially drawn by the UAE’s favorable tax system, Savoury highlighted its ability to improve overall quality of life.
Savoury emphasized the exceptional financial opportunities available:
“I’ve spent time in Asia, Africa, Europe and South America. The best thing is that the UAE is one of the few countries where you can grow your top line and reduce your bottom line.”
He elaborated on the economic advantages: “Living costs are definitely manageable, but more importantly, there’s no personal income tax or capital gains tax when investing. Company income tax also operates within a reasonable framework.”
Offering guidance to aspiring expats, Savoury noted:
- Being situated near concentrations of high-net-worth individuals significantly expands financial possibilities.
- While the cost of living may be higher than in some locations, it is offset by greater wealth and increased social mobility.
He contrasts Dubai with other low-tax destinations:
“You can live in a low-tax place like Malaysia or Thailand, but they’re big. Not everyone there has got the money. You’re less likely to bump into people there and grow a big business, as opposed to Dubai.”
Savoury believes his move to Dubai was “a very good decision,” describing the city as “forward-thinking,” “pro-business,” and “optimistic.” He added, “Dubai is a very futuristic city. The pace of change is rapid compared to elsewhere.”
Beyond its economic advantages, Savoury also highlighted the security offered by the UAE:
“There are few countries right now that give you the level of security that the UAE does, too. This has become more of a pressing issue in Europe, the UK and the USA. You appreciate it all the more, especially after becoming a father with children.”
Of course, life in Dubai isn’t without its challenges. The intense summer heat is a factor for some. August sees average daily highs of 44°C (111°F) and lows of 30°C (86°F). Savoury acknowledged this: “I’ve travelled to almost 100 countries and have residencies in eight, the expat said. “I’ve seen a lot of options. Dubai ticks everything except the heat in the summer – just like Europe. However, here you have air conditioning. Plus, I have become more accustomed to the heat.”
