Expat shares why she decided to move to Dubai
GB NEWS
GB News is talking to expats across Europe and the world who have exclusively revealed the best places to live, tips and tricks for moving abroad, and the potential pitfalls to avoid. This week, an expat in Dubai shared why he relocated 17 years ago and never looked back
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The UAE is an expat haven, known for its lucrative career, opportunities, tax-free income, high-quality lifestyle and year-round sunshine.
According to John Mason International Movers, there has been an enormous 420 per cent increase over the last five years in enquiries from British nationals wanting to relocate there.
Of the seven emirates, Dubai is considered to be the most popular expat spot, with a 50 per cent year-on-year rise in online searches for "move to Dubai" and "jobs in Dubai".
And for British expat Jeremy Savoury, it's not difficult to see why. Giving the city a glowing review, he claimed that it ticks almost every box.
For Jeremy, moving to Dubai was 'a very good decision'
Jeremy Savory
Jeremy, who is the CEO of Millionaire Migrant, was initially enticed by the UAE's tax-free system.
Hoping to reduce his bottom line, the expat knew that moving to the UAE would allow him to afford a better quality of life.
According to Jeremy, the financial freedom is unmatched. He told GB News: "It's not the only country I've lived in. 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.
"In terms of living costs, they're definitely cheaper. But in terms of tax, there's no personal income tax and no capital gains if you invest as well. The company income tax has a manageable threshold."
Offering advice to expats who want to boost their wealth, Jeremy said: "To be able to base yourself in high concentrations of high net worth individuals in small geographical spaces significantly increases your financial opportunities.
"There are higher costs of living but people with higher net worth. This a great way of increasing social mobility as well as wealth mobility.
"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. You can do it in London or New York, but the reality is that they are not tax-efficient places."
For Jeremy, moving to Dubai was "a very good decision". Indeed, he described the city as "forward-thinking", "pro-business", and "optimistic".
"Dubai is a very futuristic city," the expat stated. "The pace of change is rapid compared to elsewhere."
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Many expats are enticed by the UAE's tax-free income
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Jeremy continued: "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."
No place is perfect, though, and Dubai's scorching summers can be a little off-putting. The hottest month of the year is August, with an average daily maximum of 44C and an average low of 30C. For Jeremy, this might be his least favourite thing about life in the UAE.
"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."
For those tempted by life in Dubai, GB News spoke exclusively to a second British expat about to settle into UAE life.