Dubai: The UAE ranks 15th among the most favoured expatriate destination in the world.
Switzerland, Singapore and China ranked as the top three expat destinations, while Bahrain ranked fifth.
According to HSBC’s Expat Explorer 2014 survey, the UAE continues to be seen by expats as one of the top destinations in the world due to its buoyant economic climate and high potential for financial gain. Better job prospects and higher salaries are major draws for living in the country.
According to the survey, 7 out of 10 respondents (71 per cent) said that they would earn more in the UAE than in their home country, compared to the global average of 53 per cent. Also, 58 per cent of expats associate the UAE with high salaries, outpacing the global average of 40 per cent.
However, expats continue to face challenges as a result of the rising cost of living and expenses related to raising children in the country.
The survey showed that 6 out of 10 expats stated that they would consider moving away from the UAE because it is too expensive, far higher than the global average of 32 per cent.
