Yes, such a thing is available and it is something very different to the usual apartments on offer. I have a new investment for clients with yields of over 10% per annum.
Looking for property investment with high yield? In London?
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Tag Archives: expat financial advice
New to Dubai? Important facts & financial information
Welcome to Dubai and a new and exciting life. There is a lot to learn and while this is not a complete guide to setting up in Dubai, it does give you a useful overview of many of the financial and legal issues that new residents need to be aware of.
The laws have changed a number of times in recent years and this article is regularly updated to take these changes into account.
Your ability to live in the UAE is linked to employment and it is impossible to rent a property (apart from on a short-term basis) without a residency visa and accompanying identity card.
These will be provided by your employer or as part of the package when you set up a trade licence if you wish to have your own business. There are now a few other visa options but you still need a visa to reside in the UAE.
Having an identity card is mandatory and you will be unable to do many things without it.
You also need a visa and ID card to buy a car, rent a property, get a UAE driving licence, get an alcohol licence – still a legal requirement for Dubai residents if you want to buy alcohol anywhere and or keep alcohol in your home although there are no charges these days and you getget your licence online in minutes.
Children require an ID card to attend school.
The rules can vary between emirates, and although the main legal issues are correct for all, this guide is mainly for Dubai residents.
Can you afford to survive a critical illness?
I have two simple questions for you. Could you and your family survive financially if you suffered a serious illness and were unable to work? Even if you could, would it decimate your savings and future plans?
Being diagnosed with cancer, heart disease or having a stroke is something you don’t expect and is often a matter of bad luck, but you can take steps to make sure you and your family can manage without any financial problems, taking away a major cause of stress.
Let me tell you about a true story. This happened to a client of mine.
The Mystery of the Missing Pensions
Research has shown that a large number of people have forgotten UK pension plans, or lost track of a plan from years ago or from previous employment. The value of these lost pension funds is around £19.4 billion according to figures from the Association of British Insurers in 2019.
Other research estimates that one in eight UK citizens has at least one forgotten pension. When studies show that some 60% of UK adult are concerned about their retirement planning, it makes sense to ensure you don’t lose out by not having access to all your pension money.
UK Summer Economic Statement July 2020 – the facts for expats
The UK’s Chancellor of the Exchequer, Rishi Sunak, has presented his Summer Economic Statement, a de facto budget, and this article is an overview of the main points with particular reference to any announcements or changes that are relevant to those living out of the UK.
A flight to bricks & mortar? Options to invest in UK & European property
In an uncertain world, it is understandable that we have seen an increase in property as an investment class. People have always liked investments that they fully understand, or can see and touch. Property markets are not equal and the legalities and potential for growth and/or income vary hugely but Europe still presents many opportunities for long-term investment and yield.
Recent surveys have shown that many expats are keen to invest in property in their home country either as they consider it a more secure place than where they are currently living or as a potential base should they need to move back.
The recent upheavals in work, schooling, lifestyle and more has made many reflect on the lives that they want to lead, and to consider future plans. Initially, I saw an uplift in enquiries for wills and life cover, and while these are still popular, I am now being contacted by people about property investment in the UK and Germany. Fortunately, I can assist with both and you can invest without leaving home.
A survey – how has your UAE income & financial situation been affected by Coronavirus?
I am sure we are all well aware that the restrictions related to COVID-19 have meant that the income of many people in the UAE has been affected. In order to find out the extent of this I have put together a quick survey and would appreciate as many responses as I can get as the more people who answer, the more valid the information.
Survey here: UAE Income & Coronavirus – June 2020
All responses are anonymous.
The results will be discussed in my weekly segment on Capital Radio UAE on 21st June at 6pm and I will share many of the results on this website too.
The survey will only take a couple of minutes and I appreciate all answers. Please share this too as the more answers I get, from different groups of people, the better.
Thank you for your time.
I write articles such as this one as part of the holistic personal financial planning service and that I provide to expats, and the general consumer, financial and legal information that I provide in The National newspaper, on Capital Radio UAE, and on the Facebook group British Expats Dubai. I do not provide an employment advisory service to individuals, only via my newspaper column and radio show.
To arrange a meeting to discuss any aspect of your personal financial planning, please email me at keren@holbornassets.com Please take a look at the other useful articles on this website.
Is your family financially protected if you die? Six common errors.
If you die and leave your family behind, you can’t stop the heartache, but you can make sure that they don”t have financial worries, that they can stay in their home or have enough money to relocate, and that your children can continue their education. Protecting your family in this way, should the worst happen, is one of the kindest things you can ever do for them.
There are various reasons why people don’t take out life cover so in this short article I want to address some of these.
Moving from the UAE to the UK? Do you have a proper financial exit plan?
When you relocate from one country to another there is a great deal you need to think about. These include the practical problems of shipping your possessions, finding a place to live, finding new schools for children, new employment and so on.
No doubt you will have lists of things to do but one area that is often overlooked is the financial side. It may not be exciting but you need to be aware of these issues to avoid any nasty surprise tax bills, especially in respect of UAE income or offshore investments.
Getting it right will save you money. Getting it wrong can be expensive.
I provide an exit planning service for people relocating to the UK and this professional service, with a personalised advice and a written report you can refer back to, can save you both money and headaches.
This article was updated in April 2024 so please see the latest version:
Moving from the UAE to the UK? You need a financial exit plan.
If you are unsure as to whether a move to the UK is right for you, I work with a expert counsellor who supports expats in making life decisions. She has the personal experience to give you the guidance to make the right decisions for you and your family. Contact me for a no-obligation referral.
I am a highly-qualified and experienced Independent Financial Adviser with over 30 years of experience, the last 18 in the UAE and prior to that in the UK. I provide a fee-based personal financial planning service to expatriates resident in the GCC. I also comment on all kinds of financial isues in The National newspaper and have a regular column where I answer reader questions. You’ll see my name in other UAE publications from time to time. My business motto is proper advice for nice people.
Please take a look at the many other useful articles on this website.
Cost-effective currency transfers – secure & safe
This article has been updated with effect from 28th August 2023.
Please see here for the latest version:
Currency transfers – how to get the best rates with full security