The global economic backdrop continues to be dominated by economies which are experiencing prolonged economic growth amid a low-interest-rate environment. The current US economic cycle, at more than nine years, is currently double the average length of the previous 33 economic cycles. This trend is not limited to the US; the UK is also nine years into its recovery and Australia is more than 27 years into its cycle.
The UAE’s has developed at a rate which arguably is unmatched. With its offer of world-class education, healthcare, employment and investment opportunities – all backed by an eclectic mix of lifestyles and cultures – means the country is now considered by many as a critical global destination. Therefore, it will not come as a surprise that the average length of stay for Expats has slowly increased over recent years.