Dubai is a hub for people across the world. With expats accounting for around 88 per cent of the population, many move to the emirate to explore new opportunities, particularly when it comes to careers.
A recent report has found that Dubai has the world’s highest take-home salary for employees, so it’s not surprising it’s become such a popular place for expatriates to move to.
Shared by the Dubai Media Office, the report conducted by PwC UK, compared the take-home salary of £250,000 (Dhs1.3 million) of various countries around the world, and Dubai ranked first on the list taking home the entirety of the displayed amount.
In the report, Hong Kong ranked second the largest take-home salary for residents, with an individual taking home £212,324 after deductions due to tax, social security and more. This is followed by Singapore, Florida, California and New York.
— Dubai Media Office (@DXBMediaOffice) August 2, 2021
In the countries showcased in the report’s chart, Italy ranked at the bottom with the take-home salary being £126,689 out of the £250k.
As the UAE continues to establish itself as an international hub, aiming to attract new talent to the region, a series of new visas in the UAE were announced earlier this year by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and the Ruler of Dubai.
Multiple-entry tourist visa
Of particular note, a new multiple-entry tourist visa for all nationalities was approved by the cabinet.
This new visa, according to Sheikh Mohammed, will “strengthen the UAE’s status as a global economic capital”.
While full details of the new visa are still to be released, as well as when it will officially launch, it’s set to be a five-year visa which will enable tourists to enter the UAE multiple times. Based on a self-sponsorship model, holders of this visa will be able to remain in the UAE for 90 days and can also be extended for a further 90 days.
As remote working has become the norm for many during the pandemic, a remote working visa was launched earlier this year.
This will enable “employees from all over the world to live and work remotely from the UAE even if their companies are based in another country”.
UAE’s golden visa
First implemented in 2019, the UAE’s golden visa allows recipients to live in the UAE for a period of up to 10 years and is renewable every decade.
Aimed to attract top-notch talent from the globe over, many high profile individuals have recently been granted the highly sought after visa.
Sheikh Mohammed also revealed back in January that for the first time ever expats would be able to obtain Emirati citizenship. He outlined the decision was made to “attract talents” to the country to contribute in the continued development of the UAE.
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