Page 58 - SOBHA REALTY PR REPORT - JANUARY 2024

Ranking first in the list of most affordable tax-free havens for expats is Oman, boasting
the lowest monthly living costs and ranking as the third cheapest country for monthly
utility bills, which hover around Dhs386, followed by Kuwait and Bahrain in the second
and third positions respectively.

“Investors and expats from around the globe are drawn to the magnetic appeal of the

UAE cities, particularly Dubai and Abu Dhabi. It is not just the tax-free status but also a
host of other factors including the superb infrastructure, architectural marvels, modern
lifestyle, world-class residential neighbourhoods, resorts and beaches, cost of living,
ease of doing business along with security and stability that contribute to the irresistible

charm of the UAE cities,” said PNC Menon, chairman of Sobha Group, a leading
property developer.

https://www.khaleejtimes.com/business/uae-is-worlds-fourth-tax-free-haven-for-expats