During the later half of the 20th century expatriation was dominated by professionals sent by their employers to foreign subsidiaries or headquarters. Starting at the end of the 20th century Globalization created a global market for skilled professionals and leveled the income of skilled professionals relative to cost of living while the income differences of the unskilled remained large. Cost of intercontinental travel had become sufficiently low, such that an employers not finding the skill in a local market could effectively turn to recruitment on a global scale. This has created a different type of expatriate where Commuter and short-term assignments are becoming the norm, and are gradually replacing the traditional long term. Private motivation is becoming more relevant than company assignment. Families might often stay behind when work opportunities amount to months instead of years. The cultural impact of this trend is more significant. Traditional corporate expatriates did not integrate and commonly only associated with the elite of the country they were living in. Modern expatriates form a global middle class with shared work experiences in multi-national corporation and working and living the global financial and economical centers. Integration is incomplete but strong cultural influences are transmitted. Middle class expatriates contain many re-migrants from emigration movements one or two generations earlier. In Dubai the population is predominantly expatriates, from countries such as India, Pakistan, Bangladesh and the Philippines with only 3% of the population made up of Western expatriates.



Real estate investing

Real estate investing involves the purchase, ownership, management, and/or sale of real estate for profit. Improvement of real property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an expensive, non-liquid asset, and therefore real estate investment activity is capital intensive, risky, and cash flow dependent. The primary mode of business failure for real estate investors is an inability to remain cash solvent.

Property developer

A real estate developer (American English) or property developer (British English) makes improvements of some kind to real property, thereby increasing its value. In legal form the developer may be an individual, but is more often a partnership, limited liability company or corporation. However anyone involved as a principal in such transactions is a property developer by occupation.

There are two major categories of real estate development activity: land development and building development (also known as project development).

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