British youth choose Dubai over United Kingdom to work and live
- 30 Apr 2023
Gulf Today Report
A British newspaper shed light on the phenomenon of Britons who are moving to reside and live in Dubai, which conducted an interview with a young British professional.
6 factors distinguishing Dubai:
— High salaries
— Good weather
— No income tax
— Appropriate housing costs
— Better quality of life
— Best for families and raising children
In a report by The Daily Telegraph, a young man named Luke mentioned that, after obtaining his MBA in one of the most prestigious business schools in Europe, he hoped to get a large salary from strategic consulting.
But when the 30-year-old Briton returned to London to look for work, he found upon his reception the murky situation of the labour market and the economy, the newspaper reported.
The UK is expected to be the world's worst-performing economy in 2023, according to the International Monetary Fund, and a slowdown in global deal-making has led banks in the city to cut thousands of jobs.
This is what made Luke look to Dubai, where he sees that it is not exposed to these problems.
Indeed, Luke received an offer, and accepted it, for a job at an international consulting firm that would pay him around £100,000 a year, and he hopes to work there for a few years to save money to buy a house.
Luke expects to find many pleasures in life in the emirate due to the absence of income tax and the reasonable cost of housing, and the newspaper said that it is a calculation that many British employees make when they decide to pack their bags and head to Dubai in search of higher salaries and a better quality of life.
The newspaper pointed to a change in the British view of the emirate, from being just a place for tourism and shopping to a preferred place for families and raising children, and a better place to work compared to the United Kingdom, whose economy is dominated by recession and taxes are at the highest levels.
The Telegraph reported billionaire Nick Candy, luxury real estate tycoon and founder of One Hyde Park in Knightsbridge, who said this week that he was tired of some of the problems facing British society.
He said that some of the values they cherished in Western countries are not the same values they have today, and that sometimes values are better in the Middle East than they are in their own countries.
The newspaper reported that the World Bank expects the UAE economy to grow by another 3.2% in 2023, and said that this would be a stark contrast to the United Kingdom, whose economy is expected to contract this year.
The survey included a number of Britons who had moved to the Emirate of Dubai, who agreed on the better living and family-friendly environment it provides.