Dubai: Meet 3 residents who bought homes in the city to secure their future

Dubai: Meet 3 residents who bought homes in the city to secure their future

Some expats are investing in the UAE as the 'ideal place for retirement'

Published: Fri 4 Mar 2022, 6:15 PM

The Dubai Government recently announced a new savings scheme for expats working in the public sector. This has made expatriates hopeful of the trickle-down effect on the private sector, inspiring many to choose the place for retirement.

However, a recent survey global consultancy Mercer, reveals that many expats in the UAE don't do enough to ensure a steady post-retirement life.

Nevertheless, some residents are actively investing in their future. Khaleej Times spoke to three such expats on investing and retiring in Dubai.

Mariam Kiwan, an Egyptian expat in Dubai, and her husband Alaa Dous started became proud owners of a home five years ago, after planning for two years. They own a 3-bedroom villa (townhouse) in Al Reem Mira community - Al Qudra.

Sharing their reasons of investing, Mariam says: “We decided to go on as planned, took that leap of faith and bought it finally. I personally believe that investing in a property here makes you feel more at home, because we do love the country. Another reason is that it is better to buy than keep paying rent, with nothing coming back to you.