Expats in UAE: Looking to invest in the UK? Here are the risks you need to know

Expats in UAE: Looking to invest in the UK? Here are the risks you need to know

Dubai: With investing, you’re often told that you not only make your money work for you, you also build retirement wealth in the process. However, it’s easier said than done when investing overseas. When it comes to expat investors, fluctuating exchange rates, interest rates and cost of living are just a few of the several challenges affecting their decision to invest in a country overseas like the UK. For investing in Britain, while there are a vast variety of investment options that are typically available for UK residents and expats alike, having a clear understanding of your financial goals is essential. This means short-term, long-term and even medium-term goals. For example, by investing in a UK property, not only can you create a steady income stream, but you will also have a place to live when you return. “While an Individual Savings Account (ISA) is an ideal fix for people looking to invest in the UK, these are only available to UK residents,” said Andrew Bailey, an independent real estate consultant based in the UK, but is currently working out of Dubai. “Moreover, most expats, especially those who have been abroad for an extended period, won’t be classed as UK