Friday Feature: Country Report, The UAE (Dubai)
Insights to Help if You are Interested in the UAE, Focused on Dubai
Currency
The AED’s peg to the USD ensures a predictable and stable exchange rate, making the UAE an attractive destination for expats and investors. The temporary spike in March is likely an outlier and does not impact the long-term reliability of the peg.
Implications for Expats
Currency Risk: Minimal risk for expats earning in AED, as the peg ensures consistency in exchange rates when transferring money to or from USD.
Financial Planning: Expats with USD-denominated assets or obligations can benefit from this stability when managing finances in the UAE.
Women Sponsoring Children and Spouses
In the UAE, family visas allow women to sponsor residency permits for their husbands and children.
If you hold a work permit in the UAE, both men and women have the option to sponsor their families. Whether you’re a wife looking to sponsor your husband or a mother wishing to bring your children, the process is straightforward, provided you meet the eligibility criteria.