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What Should You Know About Moving to Dubai?

What Should You Know About Moving to Dubai?

There are a lot of reasons you might be considering moving to Dubai. Dubai is locatedon the Arabian Peninsula, and it’s one of the hottest places to live and visit in the world, in terms of style and trendiness. This cosmopolitan city has grown tremendously in recent years, and it’s packed with some of the most luxurious hotels and resorts, it has stunning beaches, and it’s a business hub for the Middle East and the world. 

Dubai is incredibly modern, yet there are still traditional elements you’ll find in the city surrounded by the desert and the sea. 

One of the many interesting things about Dubai is the fact that people from the Emirates are significantly out-numbered by expats in Dubai—by almost six to one. The majority of the population in Dubai is Indian, Bangladeshi, Western, Asian and Pakistani. 

If you’re considering a move to Dubai,it may be not only to enjoy the amazing weather and luxury lifestylebut because of the economic opportunities. Along with oil, Dubai is a hub of financial services and trade. 

So, what should you know if you’re planning to move to Dubai?

Types of Homes

The housingcan be very expensive in Dubai, and depending on the part of the world you’re moving from it may be a shock. There are apartments, townhomes and Dubai villas that are the most common styles of homes you’ll see in the city. 

You can rent, but with the cost of rent often upwards of more than AED 100,000 a year, you might consider buying. In 2002 Dubai passed what’s called the Freehold Law, making it possible for foreigners to buy, sell and rent property in Dubai with no special requirements or regulations to adhere to. 

Even so, only around 30 percent of city residents own property and this is because there is usually a 25 percent deposit required to buy a home, at a minimum. 

Along with freehold properties, which give you the mostflexibility to buy and own a home in Dubai, there are also usufruct properties. Thismeans a long-term lease more or less. Then, there are commonhold properties, which allow for buying, selling, renting or passing down a property. The difference is that these are usually apartments requiring maintenance fees. 

Tax-Free

While Dubai is expensive and a lot of things offered are luxurious, there is one big financial advantage incalling the city home—it’s tax-free. Salaries aren’t taxedin the city, nor are food, dining out or goods. 

You should note that while salaries and goods aren’t taxed, there is a 5 percent VAT on goods and services because nearly everything is imported which is part of why the city is so expensive. 

Convenient Efficiency

Dubai is a city that strives to beextremely modern and cutting edge, and that allows it to be technologically-advanced and efficient. While Dubai might be in the middle of the desert, the use of technology ensures sustainability and a significant dependence on solar power.

Additionally, almost everything you need to logistically manageis done online or via an app. For example, you can do things like getting parking passes or hailing a ride all online. 

The public transportation system is similarly modern. There are busses, water buses, trams,anda monorail all operated the Road and Transport Authority. It’s consideredamong the most modern in the world, in fact.

Try to Find a Job Before Moving

You may want to find a job once you get to Dubai, but it’s often recommendedthat you secure employment beforehand. It’s expensive to live in Dubai, and it can be a smoother transition to find a job before arriving in the Emirates. 

A working visa is required to stay in the UAE. You’ll get to customs, and then you’ll receive a visitor’s visa that will extend for 30 days.

Also, many companies are willing to pay the premium for good employees so don’t forget this in negotiations. You may be able to secure a housing allowance, and although not all companies will offer this, it’s worth trying. 

One small thing to adjust to when you’re working in Dubai—the weekends are Friday and Saturday. Friday is a holy day for Islam, so people aren’t supposed to work onFridays. Then, the work week starts on Sundays. 

Finally, Dubai is a very busy, bustling city There is a fast pace of life,andpeople feel like they’re always “on” for the most part, so don’t expect a relaxed atmosphere or a lot of down time if you move to Dubai. 

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