UAE 'a world-leading expatriate destination'

24/06/2009 - Dubai Property News
UAE 'a world-leading expatriate destination'

The UAE is the leading destination for expatriates the world over, the latest survey from HSBC shows.

According to the group's Expat Economics study, buying property in Dubai and elsewhere in the UAE remains an attractive choice for many thousands of expats.

Further findings from the group showed that Qatar and Saudi Arabia were also popular Middle Eastern expat destinations.

This year's report offered a more detailed account of the reasons that expatriates invest in property in the UAE, with the study revealing that those living in the emirates enjoy better economic benefits than expats living in any other country.

"UAE expats continue to enjoy a good standard of life and are able to continue to save which a great advantage in the current economic climate," said Paul Say, head of marketing and communications for HSBC.

HSBC has this week announced that it will be enacting a mortgage rate cut from July 1st, which may make investing in property in Dubai even more appealing.ADNFCR-2019-ID-19234426-ADNFCR