John Downey, the head of Etihad Airways' corporate safety programme, says moving to the UAE gave him a "new lease of life".
John Downey, the head of Etihad Airways' corporate safety programme, says moving to the UAE gave him a "new lease of life".
John Downey, the head of Etihad Airways' corporate safety programme, says moving to the UAE gave him a "new lease of life".
John Downey, the head of Etihad Airways' corporate safety programme, says moving to the UAE gave him a "new lease of life".

Boomers bound for boomtowns


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  • Arabic

John Downey, 59, never dreamt he would fly commercially again when he retired from British Airways four years ago. For six months, he indulged his passion for sailing. Then someone recommended a job in Abu Dhabi, helping to set up a Boeing 777 fleet for the fledgling Etihad Airways. Before long, Mr Downey had upended his retirement plan. He and his wife, Pauline, 58, began to plot what they would call their "Arabian adventure". "We put everything in storage, rented out the house and came out here to start all over again," says Mr Downey, now the head of Etihad's corporate safety programme. The country's vast professional expatriate community may commonly be thought of as people in their 20s, 30s and 40s who move here for a new experience, a bump in their careers or just a few years of tax-free earning. But there is another demographic flocking to the Emirates: baby boomers, an influential group estimated at 450 million people worldwide, born in the years after the Second World War through to the early 1960s. Boomers are searching for the same things as people decades younger, and they see age as no obstacle to another life experience. "As long as we keep ourselves healthy and fit, there's no reason to think, 'Oh my God, we're touching 60'," says Pauline Downey, who retired from a career as a flight attendant six years ago. "I don't feel that way at all." Dr Ralph Hawkins, a root canal specialist from California who teaches at the Boston University dental school in Dubai, is 56. "I realise my age, but I still feel like I am 30 or something," he says. "We are actually recruiting some people who are older than me." Carol Orsborn, an American author of 15 books for and about baby boomers, says these stories are not surprising. "Retirement just isn't sticking," she says. "Eight out of 10 boomers say they wouldn't retire - a combination of they can't and they don't want to." Longer lifespans and a worldwide financial downturn are forcing many people to keep working much longer than they had planned. But many who stop working find that retirement is not all they had dreamt about. Boomers do not have the skills to relax and "do little or nothing", says Ms Orsborn. "This is a generation that was raised on high achieving," she says. "There are so many of us, we've been competing since we were five or six. We were seated alphabetically in school. Unless you were the one with your hand up in the air, you'd get lost." Research has found that people stay vital - cognitively and physically - the longer they work, says Ms Orsborn. Since travel is what boomers most want to do, working as expatriates makes sense. "Working in an exotic place, or a different place, is an alternate way of getting at both the lust for adventure and education," she says. As the American author and baby boomer expert Ken Dychtwald wrote in his book The Power Years, boomer life is "pregnant with possibilities, none more sweeping than new options for a more satisfying and less pressured balance of work and life". He quoted the 2006 Merrill Lynch New Retirement Survey, which polled more than 3,000 boomers and found that only 17 per cent said they intended to stop working for pay. Another survey, conducted by Dell Webb, showed that 59 per cent of boomers planned to move after quitting their primary careers. For Mr Downey, the growth and possibility of the UAE's aviation industry provided a direct contrast to the UK's culture of "parked planes and redundancy packages", and mandatory retirement at 55. Better yet, Etihad needed his experience. "The opportunity to go back into management, the opportunity to start a fleet, to start an airline from the beginning, was tempting," says Mr Downey. "It's exciting to be able to pass on your experience to young people." Here, being older is appreciated, more so than in the West, says Dr Hawkins. "I think there is a sense that people of age have wisdom," he says. "They have things they can offer." Mark Beer, the chairman of the British Business Group Dubai and Northern Emirates, established in 1987 to encourage the development of British business in the Emirates, says he has not detected a marked shift in the demographics of the group's 1,300 members, but agrees that UAE companies place a high value on age and experience. "It's a balance between having a workforce that is young, energetic and innovative, which will drive knowledge creation and the small- to medium-enterprise sector, and the need for wisdom and a steady hand on the tiller to ensure everything is staying in the right direction," Mr Beer says. "That is something the UAE has understood for many years." A survey of recruiting firms in the UAE showed that seven to 15 per cent of the people they placed in jobs were 50 or older. Recruiters say the number is not higher because people of that age are interested in the most senior positions. "The age translates into experience," says Nazia Qureshi, a manager at Intuit Management Consultancy in Dubai. The UAE has a lot of demand for technical, professional people who have significant experience in certain specialities, says John Macdonald, managing director of the Middle East for ORC Worldwide, a management consultancy. Although it can be more difficult for people older than 60 to obtain work visas, he says, "if you've got a special skill that is in demand and scarce, then age should not be an issue". The oil and gas sector in particular attracts people who have spent decades working in other parts of the world. "It's not uncommon for people to retire and then embark on a secondary career as a specialist consultant or contractor within the industry," Mr Macdonald says. Many boomers see their options expand after their children have grown. Others have never had the opportunity to make such big changes. Dr Hawkins always wanted to work abroad during the 18 years he ran a dentistry practice in California. He looked into different opportunities, with organisations such as the International Committee of the Red Cross and Doctors Without Borders. However, they did not work out. Then came the opportunity to teach his speciality in Dubai. Since arriving in January, Dr Hawkins has visited every emirate but Fujairah and has experienced desert safaris and night-time crab hunting. "It's everything I wanted," he says. "There is a need, almost, inside of me that's satisfied." Dr Byron Novosad, 53, teaches in the periodontics faculty at Boston University's dental school in Dubai. He retired from a group dental practice in Houston, Texas, four years ago. He went back to work to teach at the University of Texas for a year before moving to Dubai in July. One of his main goals is to find investment opportunities in the UAE - he was involved in venture capital back home - and to learn more about a region he has long read and heard about. "It was such an opportunity to come here and do something I loved anyway," says Dr Novosad. Peggy Goddard had spent her working life in health care administration - she was a chief nursing officer at a hospital in Canada - when she accepted a teaching job at the University of Sharjah. It was 2001, she was in her 50s, and the chance to visit another country was too much to pass up. "I am not always adventuresome, but this seemed safe, easy and financially manageable," she says. She stayed for two years, returning to Canada for the birth of her first grandchild. Meeting and getting to know two colleagues from Iraq and a Bedouin family, as well as gaining a new perspective on the world, were highlights of her Sharjah experience. "I now understand how many similarities there are among people," Ms Goddard says. Then there is the year-round sailing in Abu Dhabi's warm coastal waters, which Mr Downey has grown partial to. His wife has found kindred spirits in the local reiki community. The couple have already decided to make Australia their next stop after Abu Dhabi. Etihad recently raised the retirement age for pilots to 65, so that, says Mr Downey, is "when I've got to go". But for now, he is no hurry to leave the place that changed everything. "It's given me a new lease of life," he says. @email:amcqueen@thenational.ae

MATCH INFO

Karnatake Tuskers 114-1 (10 ovs)

Charles 57, Amla 47

Bangla Tigers 117-5 (8.5 ovs)

Fletcher 40, Moores 28 no, Lamichhane 2-9

Bangla Tiger win by five wickets

How it works

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UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

MATCH INFO

Alaves 1 (Perez 65' pen)

Real Madrid 2 (Ramos 52', Carvajal 69')

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

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WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer