New research from Old Mutual International and Quilter Cheviot found that 64 per cent of expats working in the UAE plan to return back to their home country when they retire.
This highlights the need for expats to choose savings and investment solutions which are suitable and portable back to their home country.
A breakdown of the data shows that 75pc of North American expats plan to return back to America when they retire, 62pc of European (excluding UK) expats plan to return to Europe when they retire, and 52pc of UK expats plan to return to the UK when they retire.
Nine pc of expats plan to remain in the UAE when they retire. This contradicts the belief that all expats leave the UAE once they hit retirement. There are strict rules in place for expats regarding their ability to retire in the region, with some property and business owners perhaps looking to receive residency status.
Sixteen pc of expats plan to retire somewhere other than their home country or the UAE, with 11pc not sure yet where they will retire.