7 Reasons Dubai is the Best Investment Destination in The Middle East
Published on February 24, 2019
Reading Time : 4 Mins
With some of the best business and employment opportunities, it’s no surprise Dubai attracts expats from all corners of the world. If you’re looking to work in a cosmopolitan city that is strategically located on the global map, look no further. Dubai not only offers world-class comfort and luxury, but also a tax-free salary so that you don’t break your budget to achieve your dreams. Job prospects, better salaries, just name it and you have it here. Ever wondered? Dubai may just be the place for you.
#1 Great quality of living
Dubai offers the highest quality of living in the Middle East and Africa region, according to Mercer’s 2016 Quality of Living Rankings. This year, only two cities from the MENA region made it among the top 100, including Dubai, ranked at 75 (overall no.1 in the region, and Abu Dhabi, ranked at 81 (overall now. 2 in the region). This is the fourth time in a row that Dubai has been ranked as the top Middle Eastern city for living. The quality of life provided by the emirate comes with the perk of being tax-free. The place spoils you with its line of restaurants, supermarkets and modes of entertainment. Tourists from all over the world visit this city for its fantastic shopping experience during the Dubai Shopping festival. From the biggest brands to the gold and spice souks – Dubai has something for everyone — be it pocket-friendly or luxurious.
#2 World class infrastructure
An ever growing network of roads, rail, ports and development projects – Dubai has it all. In the run-up to the Expo 2020, the Dubai construction sector is poised to outperform the overall, UAE market, although growth across the emirates is expected to remain healthy at 6.6 per cent despite low oil prices, market watchers said. According to another report by design and consultancy firm Arcadis, the UAE and Qatar remain the top most attractive markets for infrastructure investors globally.
#3 Cultural hotspot
There’s plenty of flash in Dubai, but there’s also a massive commitment to culture, from design to art to the city’s already famous architecture. Dubai is a gateway city.
Dubai’s airport claimed the title as the world’s busiest from Heathrow in 2015. It’s a gateway to three regions. Asia, the Middle East and Africa are markets growing at double the rates in the developed world, and the hub for accessing these markets is Dubai.
#4 Best of Both Worlds
Dubai is one of the most luxurious cities in the world, and even if you can’t afford all of the luxuries you can still enjoy certain aspects of them. Dubai offers reasonable restaurants in extremely high end locations. There are outdoor shopping centres which house some of the most expensive brands in the world, but also carry brands that are accessible to everyone. This balance of luxury and accessibility makes Dubai unique and easy to enjoy for people coming from all walks of life.
#5 Safety and security
For expats, safety in particular is a key factor to work abroad and Dubai is ranked #40 globally on the safety parameter and follows Muscat regionally. It doesn’t matter what time of the day you step out, you can freely walk on the streets of the emirate without the fear of being attacked or mugged. Crime-rate in the emirate is close to non-existent and the police is efficient and fast. Businesses thrive in secure circumstances and Dubai provides an investor-friendly environment coupled with stringent business laws to accommodate foreign investors.
#6 Ease of starting your own business
New markets, new consumers, the rise of Internet technology – Dubai is a land of booming opportunities. A recent survey by HSBC revealed that Dubai is ranked second-best city in the world after Singapore for expats looking to start a business. The survey highlights that the UAE’s entrepreneurial environment, job prospects and better salaries as primary factors attracting expats from across the world.
What’s the use of staying abroad, away from your family if you’re not even able to save enough? Dubai provides the best tax-free investment opportunities to residents who want to live a comfortable and luxurious life. You do not need to pay wealth tax, corporate tax or income tax. While investors get maximum profits on rented out property in Dubai, the benefit of having to pay no tax simply means that a person can save enough money to invest elsewhere.
For more information about living in Dubai, visit https://www.zoomproperty.com