“If I leave London for a finance job in Dubai, I can retire in 10 years”
I’m in my mid-40s and am employed by a major US bank in London. I want to leave and find a new job in either Dubai, Abu Dhabi or Saudi Arabia.
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I am done with London. Last week, I had my phone stolen on the way back from work, and I am fed up with living in a high-cost, low-security city.
Compared to London, the Middle East is incredibly safe and secure. I know plenty of people who live there, including a friend who left his MacBook and his car keys on the street by mistake – they were still there 20 minutes later. People just walked on by.
The Middle East has huge appeal to a lot of people like me who are fed up with the breakdown of law and order in London. People there are scared of the authorities. They know that if they step out of line, there will be serious consequences – particularly in Saudi Arabia. In London, there’s nothing to fear.
A short period in the Middle East can also set you up for life financially. I can no longer afford to privately educate my kids in London, but there are corporate jobs in the Middle East that come with school fee and housing allowances, and my intention is to land one of these.
Working in Dubai, Abu Dhabi or Saudi Arabia, I could net $300k a year. In five years, I could pay off my mortgage and the mortgage on my rented house. I would then be in a position to retire in my mid-50s.
With incentives like these, I see no reason to stay in London. I understand that in Saudi Arabia I might have a more junior Saudi national as my boss, but frankly this is something I'm prepared to accept given the upsides. I also think that people work less hard in the Middle East and that with my London work ethic it will be easy to differentiate myself.
Javad Pasdar is a pseudonym
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