Interdean Responds to New Industry Survey

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The international moving specialists at Interdean have taken a further look into a survey conducted by an independent research firm which revealed expats in the United Arab Emirates spend the largest portion of their income on luxuries.

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97% of expats in the UAE spend at least some of their disposable income on “luxury lifestyle choices.”

It has been reported in Expat Forum that the Standard Life Western Expat Wealth Survey shows the saving, spending and investment habits of 400 expats living in popular destinations the UAE, Singapore and Hong Kong. Conducted between July and August, the poll by Insight Directory demonstrates that 97% of expats in the UAE spend at least some of their disposable income on “luxury lifestyle choices” in comparison to 51% in Singapore and 47% in Hong Kong. This was despite less expats in the UAE (76%) than in Hong Kong (84%), believing they have a sufficient income to support themselves post-retirement.

The research also revealed that less expats in the UAE (31%) have sought professional financial advice than those in Singapore and Hong Kong at 49% and 53% respectively.

Assisting customers moving to Hong Kong, Singapore and the UAE, the team at Interdean were understandably interested by the results of the recent survey. A representative from the firm shares their thoughts on the subject.

“Countries such as the UAE, Singapore and Hong Kong are becoming increasingly attractive to UK expats, with many workers taking up well paid job positions in these locations. We were interested to see that despite the higher spending on luxury goods, expats in the UAE were less confident of their financial future than those in Hong Kong. Here at Interdean, we understand the financial challenges associated when relocating which is why we offer helpful and reliable overseas banking services.”

Thinking of Moving? Think Interdean

Interdean helps families, expats, backpackers, travellers and students moving overseas. Established in 1958, Interdean provides moving, storage, shipping air freight, excess baggage, visa and immigration, and full relocation services to worldwide destinations. Interdean is FIDI FAIM PLUS accredited and has over 123 offices worldwide.

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Ampreet Sandhu
Interdean
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