UAE and Oman rise, other Gulf states fall in HSBC expat ranking

      Published on Wednesday, 18 October , 2017      590 Views     
UAE and Oman rise, other Gulf states fall in HSBC expat ranking

  • Gulf News

The UAE has climbed two places to enter the top 10 of HSBC’s 2017 Expat Explorer Survey but the majority of its Gulf peers saw their rankings decrease.

Data from 235 expats in the UAE, of 27,587 surveyed globally on economics, experience and family, showed more than half (56 per cent) moved to the country to improve their earnings and 92 per cent had succeeded compared to a global average of 78 per cent.

The country also beat the global expat average salary of $100,000, with the average annual gross personal income in the emirates standing at $127,197.

HSBC said the country had seen a 10 per cent increase in the number of expats who said their earning potential in the UAE was better than their home country, ranking the UAE fifth in earnings potential.

As a result, 66 per said they could save more than back home and 68 per cent said they had more disposable income.

In addition, 72 per cent of expats in the country were found to own property compared to 62 per cent globally, 75 per cent said they felt safer in the country than back home and 85 per cent expressed confidence in the country’s political stability.

Instead the chief concerns for respondents included job security at 42 per cent, compared to a global average of 21 per cent, and tax increases – cited by 44 per cent compared to a global average of 23 per cent.

This was likely due to redundancies linked to the economic slump in the Gulf over the past two years and the upcoming implementation of value added tax in 2018.

Category Gulf News, Oman | 2017/10/18 latest update at 7:00 AM
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