Fri, Sep 20, 2024

UAE Residents Returning to Dubai from Canada and the US

UAE Residents Returning to Dubai from Canada and the US

Guess what? People who once moved away from UAE are now coming back…

In a surprising turn of events, the UAE is witnessing a notable influx of former residents returning from Canada and the US, opting to make Dubai their home once again. It turns out that living in those countries is getting really expensive, and there aren’t as many good opportunities as before.

Property developers across Dubai have reported a surge in investments as these people are selling up in Canada and the US and buying homes back in Dubai. Why? Because Dubai doesn’t tax them as much, and the weather is way nicer here. Who wouldn’t want to swap freezing winters for sunshine?

Experts are seeing more and more of these “reverse migrants,” especially from places like Canada. They’re saying around 5 to 6 percent of people buying homes in Dubai are from Canada. That’s a big change!

Why are they coming back? 

  • Dubai offers a sense of safety, closeness to loved ones and friends and a good quality of life, which many miss after moving away.
  • Rising living costs (especially rent prices) in Canada are pushing people to return to Dubai, where there’s no income tax, saving them from losing a big part of their paycheck.
  • Dubai provides perks like lightning-fast delivery of everyday items, including tea and petrol. That’s something you don’t see everywhere.

Despite worries about Dubai’s property market slowing down, experts say there’s still lots of interest, especially from people who want to invest in properties that make them eligible for the Golden Visa. So, Dubai keeps being a hotspot for people looking for a great place to live and invest.

Uroosa Ahsan

Meet Uroosa Ahsan, a proactive writer constantly seeking new topics to explore. When she isn’t crafting content on her laptop, she's busy cooking tasty treats for her nearest and dearest. She has joined our team to break down complex topics into easily digestible content for you.

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