As an Indian in Singapore you won't have to put up with the racism you'll get in the Middle East, approximately 7% of the population are of Indian origin. Not the best place for car ownership however, a new Toyota Corolla will set you back nearly US$80 000 and you can easily double that for something a bit more exotic. It's worth bearing in mind you can apply for citizenship in Singapore after a few years, something which will never happen in the sand pit. Forget an expat lifestyle, you'll need to live like the locals to get by particularly as an F/O.
Look at Jetstar and Tiger, low cost with pilot turn over = quick promotion.
Probably better of financially in the M.E. with an expat package, certainly better for car ownership. Air Arabia have been hit hard by FlyDubai, worth looking at EK/EY/QR with Airbus experience there's plenty of info on other threads.
Some pilots move from Singapore to the M.E. and some go the other way, the grass is always greener.