The UAE has been ranked the 10th best country in the world for expats to live and work.

Expats in the UAE earn an average income of Dhs570,000 a year, according to a new survey.

The UAE was ranked the 10th best country in the world to live and work in HSBC’s annual Expat Explorer report. The UAE dropped three places after ranking 7th in 2017.

More than half of the 859 expats in the UAE interviewed as part of the survey said the reason they relocated to the UAE was the chance to increase their earnings. And more than a fifth said their salaries doubled when they made the move.

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Two thirds of those surveyed said they had a higher disposable income now, despite the high costs of living.

“The financial benefits of a new life here can be substantial,” the report said, although 39 per cent of respondents said they were concerned about job security.

Switzerland topped the list of destinations offering the highest incomes, with an average expat salary of 196,725 Swiss francs (Dhs732,000). The UAE came in sixth place in terms of salaries.

Bahrain was deemed the best country in the Middle East to live and work, ranked fifth in the world overall. Singapore topped the list for the fourth year running, followed by New Zealand, Germany and Canada.

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