Why More US Retirees are Moving to Dubai instead of Florida?
Florida has been the preferred destination for US retirees for years because of its warm weather and abundance of facilities. However, Dubai is shifting this trend. Dubai is replacing Florida and is even being considered the new Florida for the US retirees. Considering the benefits of living in Dubai and the introduction of a retirement visa, Dubai has become a new retirement hotspot.
The trend of US retirees choosing Dubai over Florida is gaining momentum for several reasons. In the first place, Dubai extends tax advantages. Dubai does not levy income tax, capital gain tax or estate tax, leading to financial gains. Though Florida is also considered a tax-friendly destination as compared to the other states of the US, it does not compete with Dubai in this sphere.
Florida’s warm climate is also considered a fascination, attracting retirees. However, Dubai’s landscape, scenic beaches and desert adventures supersede the charm of Florida’s climate, inciting people to choose Dubai to spend their golden days. In addition to that, Dubai also offers seamless access to high-quality healthcare through its healthcare insurance plan for retirees.
Older people also desire to live to the fullest and experience the utmost comfort, joy, and relaxation in a comfortable and secure setting. Considering Dubai’s high-end living environment, the availability of state-of-the-art facilities and amenities, premium luxury living spaces, and Dubai’s status as the world’s second safest country, Dubai outnumbers Florida in this domain, attracting retirees who intend to live as they desire without any hassle.
Dubai’s real estate investment opportunities also attract retirees. They can purchase freehold properties and own real estate in Dubai. Further, property investors can also obtain an extended residency visa in Dubai. It means the US retirees can stay in Dubai for an extended period, besides generating significant returns on investment.
In short, Dubai’s tax advantages, advanced living environment, healthcare insurance plans, real estate investment opportunities and the prevailing sense of safety and security attract US retirees, provoking them to choose Dubai over Florida.