Dubai Jobs and Its Lifestyle

Dubai is rapidly growing- according to many it is the fastest growing city in the world. In Dubai there are increasing number of jobs waiting for workers from all over the world and professions. For many employees Dubai is the fantastic experience with an enjoyable lifestyle and good professional development. See the discussion about jobs in Dubai and its life style:

Most familiar types of jobs and salaries:

• CEO's and Managing Directors in Dubai companies can get up to 100,000 - 150,000 dhs /month. For smaller companies something closer to 50,000 dhs/month. • Private investment bankers are getting an average of 80,000- 90,000 dhs/month. • Seniors and project managers, salaries up to 20,000 -50,000 + dhs/month. • Doctors salaries depending on the hospital /clinic getting 15,000-50,000dhs/month. • Teaching is one of the few professions with a minimum wage requirement of 2000dhs/month. • Professionals such as lawyers, architects, Pilots, accountants, teachers, are represented by all nationalists. Salaries range from poor to very good is 2,000-40,000+/month. • Sectaries and receptionists earning 2,000 to 6,000 dhs/month • Taxi drivers can earn 400dhs in an eight hour day. • Heavy Duty drivers getting about 700 dhs/month.

Dubai Property For Sale - Investing In UAE Real Estate

Dubai has become an international property hotspot, with great architectural developments and ambitious projects rising up seemingly overnight. With the market still young and demand exceeding supply, the time is ripe for foreigners to invest in this vibrant, captivating city.

In March 2006 the Freehold Law was passed allowing foreigners either 99 year leasehold or freehold ownership of land in designated areas. Freehold or leasehold allows the foreign investor many advantages. Owners are able to sell or rent out their property in Dubai if they so desire. Investment potential is high, with a great demand for short-term rentals and yields around 10 percent. Dubai does not levy taxes on income, including that obtained from renting property. In addition there is no Capital Gains Tax. With Dubai's population expected to double within the next five years causing the rental demand to increase, a property purchased for the purpose of leasing can be seen as a long term income-generating asset. Owners are not required to live in the UAE, but must visit the country briefly once every six months. There are several local and international property management companies, including Colliers International, Cluttons, Asteco, and JG Property Management, who can look after the property when the owners are away. Properties can also be passed on as inheritance if specific procedures are followed. Ownership of freehold property also entitles the first named owner to a 3 year renewable residence visa. (This visa does not permit the holder to take up work in the country.)

The most popular Dubai property developments (many of which offer gated, family friendly communities with access to swimming pools and other residential amentities) are:

* The Springs: offering 3 to 5 bedroom villas, located off of Sheikh Zayed Road. * The Meadows: located near Dubai Media City, consisting of 3 to 7 bedroom two-storey villas. * Emirates Hills: an upscale, world-class development comprised of freehold villas located near Dubai Media City and Emirates Golf Club. * Arabian Ranches: a community of freehold villas and townhouses within minutes of Dubai and Jebel Ali yet located in the desert, offering access to Dubai Polo Club and Equestrian Centre. * Dubai Marina: offering luxury apartments and villas with a waterfront view. * The Greens: located near Emirates Golf Course and offering modern low-rise freehold apartments available as studios, 1, 2 or 3 bedrooms. * International City: a unique development located out of the city along the Dubai-Hatta Road, offering nine distinct residential areas with apartments designed in the architectural styles of China, Morocco, Russia, Persia, England, France, Greece, Italy and Spain. * Other up and coming areas include: Business Bay, the Palms (Palm Jumeirah, Palm Deira, Palm Jebel Ali), and Jumeirah Beach Residence.

Investing in Dubai's dynamic and fast moving market is quite simple. The only paper required is a relatively straightforward sales agreement. If necessary, foreigners can apply for financing. The two main lenders in Dubai, specializing in real estate mortgages, are Tamweel and Amlak. When buying property, it is advisable to use a lawyer and make sure a formal contract is signed, especially if purchasing on the secondary market. It is possible and quite common to purchase directly from the developer (such as Emaar or Nakheel) who may charge a transfer fee of between 1-3%. It is typical to have to provide a down payment, plus installments, with the final installment due upon completion or handover of the property. Upon completion, the property should be registered with the Dubai Lands Department. There is a land registry fee equal to 1.5% of the purchase price of the property. Owners should also expect to pay a yearly property maintenance fee which covers such things as any necessary plumbing or electrical repairs, cleanliness of the site, and security.

Buying a home overseas is a major decision. It is essential to research all aspects of a potential investment and deal only with reputable real estate agents since there is no formal structured purchase process in Dubai. Well-known real estate agents with good reputations in Dubai include Better Homes, GoWealthy, Re-Max, and Landmark Properties. Dubai's property market is likely to continue to flourish for the foreseeable future. Dubai is a thriving international destination offering a high standard of living, a tax-free lifestyle, and a safe and secure cosmopolitan community making it the perfect place to invest.

Many job hunters still believe that the streets of Dubai are paved with gold. This may be true to some extent - the economy is booming (particularly the construction industry) and Dubai is a tax free haven where net income is typically much higher than in other parts of the world. Even so, securing employment is not always easy. Approximately 80% of the population in Dubai consists of foreigners and competition for desired employment positions can be fierce. It is best to have an offer in hand from a company before traveling to Dubai. Of course this may not always be possible and there are certain advantages to entering Dubai on a visit visa in hopes of finding a job as opposed to searching from one's home country. For example, many employers will give preference to hiring someone actually in Dubai (and thus available for an interview), rather than having to endure the extra hassle and risk of hiring someone "sight unseen". However, there is no guarantee of landing a job before expiration of a visit visa, making a bit of luck and local contacts invaluable in the process.

Once a job seeker has secured a position, a contract will be signed and the employer will act as the "sponsor". The contract should include basic salary, job title and description, length of the contract, and termination conditions among other things. It is vital to negotiate a good "package" including salary, housing, and school fees if the employee has children. Other allowances may include coverage for medical, transportation, utilities, and / or annual vacation with an airplane ticket to one's home country. (The law stipulates that companies must provide a vacation / airplane ticket at least every two years). Each company is different and packages will vary. The work week also varies from company to company with some working "straight shift" and some working "split shift" (with a few hours break in the middle of the day).