No, we are not just saying that; it is a fact. Just recently, according to a report by the Resonance Consultancy, a leading global advisor in tourism, real estate, and economic development, Dubai has been named the top regional city and the fifth best city in the world in the World’s Best Cities report for 2023 and Dubai ranked number 2 on the best city for expatriates as per a CNBC article.
The report ranked global cities with a population of one million or more by evaluating quantitative performance data and qualitative assessments from residents and visitors in 24 areas, divided into six main categories: place, product, programming, prosperity, people, and promotion.
Dubai – A city of superlatives!
Dubai emerged as the top city when factors such as weather, safety, landmarks, and outdoor activities were taken into account. Chris Fair, President and CEO of Resonance Consultancy credited Dubai’s “torrent of city-building” over the past 24 months for the city’s success in the rankings. The report praised Dubai’s blend of over-the-top experiences, Arab heritage, and luxury shopping. These factors entice international investors looking for answers to why you must invest in Dubai?
Living in Dubai
Dubai is a fantastic place to live for many reasons. Its location on the Persian Gulf makes it an excellent base for exploring the Middle East and connecting to other parts of the world. The city is home to a vast array of cultures, so you’ll find plenty of diversity in the area. An abundance of exquisite properties in Dubai makes it an exciting place to live, such as its stunning skyscrapers, iconic ports, and beautiful beaches.
The city is well-known for its luxurious lifestyle, and you can find plenty of opulent villas and apartments in Dubai. The Emirate of Gold is about to offer “Gold Living”, which is another step towards the matchless, world-class living. In addition, the city offers excellent infrastructure and amenities, making it a safe and comfortable place to live.
Dubai has many excellent international schools catering to the city’s diverse population. The city also has universities, such as the American University in Dubai and the University of Dubai, which offer high-quality education.
Dubai also boasts an excellent healthcare system, with many world-class hospitals and clinics and a large expat community, which means that there are many English-speaking doctors and healthcare professionals. That ensures that foreigners can receive quality medical care, which is essential when considering the place to live.
Dubai is considered to be one of the safest cities in the world. It has a low crime rate, and the government is committed to maintaining stability and security, which is important for the safety and well-being of residents and visitors alike. Moreover, international investors also attract to Dubai’s safe haven status, according to S&P Global Report.
Working in Dubai
Dubai is a great place to work for a variety of reasons; it offers a multicultural environment with a large expatriates community from all over the world. This diversity makes it a great place to live and work, as it exposes employees to different perspectives and ways of life. The city’s strong focus on trade, tourism, and finance makes it a hub for businesses in the Middle East and beyond. Besides that, there are endless investment opportunities for expatriates, where they can invest in Dubai real estate for a secure future. You can check these key reasons to start investing in Dubai real estate market, to get a clear idea about what to expect.
It also offers a wide range of job opportunities for professionals in various industries. The professional opportunities in Dubai are expansive, with many large global companies having offices in the city, and the potential to earn a tax-free income is a great incentive.
Besides doing jobs, the UAE is also a great place to do business, with many incentives for entrepreneurs and businesses to set up shop in the Emirates. Dubai has a business-friendly environment, with streamlined regulations and a supportive government. The UAE government has also started offering 100% foreign ownership to start a business, which is welcomed by potential entrepreneurs willing to explore this city. You can also explore UAE Visa Guide explaining how to get the UAE residence visa.
The city also has a number of free zones, which offer tax and other incentives to businesses. That makes it an attractive destination for companies looking to expand their operations in the Middle East.
Excellent transportation system
Furthermore, Dubai has an excellent transportation infrastructure, with a metro system, buses, and a network of roads, which makes it easy to navigate around the city. The fastest way to travel extensive distances in Dubai is the metro. It’s easy and efficient, and the trains run every couple of minutes. Taxi in Dubai is also very cheap, and it’s about the same price as Dubai Uber. The government controls most public transportation in the UAE, such as buses, water taxis, and the metro. Dubai also has a tram, a monorail, and even a water bus. Dubai’s prices are relatively high, but a taxi or metro trip won’t break the bank.
Investing in Dubai
Buying properties for sale in Dubai is the best thing you can do. The city has a very strong economy that is growing at a rapid pace. That makes it an ideal place to invest your money, as there are many opportunities for growth. If you are also looking for Golden Visa-linked property investment options, you can check here.
Government Backed Offers
Additionally, Dubai is a very stable city politically and socially, which means that your investment will be safe and secure. Finally, Dubai offers a lot of tax advantages for investors, which can help you maximize your profits. For example, the UAE government in late 2020 expanded its already existing “golden” visa program, which grants 10-year visas to foreign investors. That makes it easier for those looking to invest in Dubai to do so. Additionally, there are several government schemes to buy property in Dubai along with many incentives for those who invest in Dubai, such as freehold property ownership, no income tax, and access to world-class infrastructure.
Where the world’s best invest?
From celebrities to business moguls, everyone wants to own properties in Dubai, from the Beckhams to Lindsay Lohan and Shahrukh Khan to Mukesh Ambani; what’s common between them? They have bought properties for sale in Dubai. An Indian business tycoon bought the most expensive villa in Dubai for $163 million. An anonymous tech entrepreneur recently arrived in Dubai with his family, their family office, and a fleet of 30 luxury cars. According to an estimate, around 20 billionaires have bought a property in Dubai this year.
These include some high achievers, such as a 17-year-old Jordanian student, a famous Egyptian actress, and several Lebanese pop stars. Several purchases of AED 100 million ($27 million) villas in Dubai Hills Grove area have also been made.
If you have not made up your mind about living, working, or investing in properties for sale in Dubai, a visit may help change your mind. The emirate is a well-known tourist destination not only regionally but across the world. The city boasts some of the most extensive shopping and food festivals, i.e., the Dubai Shopping Festival and the Dubai Food Festival. It offers many activities and places to visit for the traveller and vacationer alike.
Places to visit
Popular tourist attractions in Dubai include the Burj Khalifa (the world’s tallest building), the Palm Jumeirah (the world’s largest artificial island), the Dubai Mall (the world’s largest shopping mall), the Burj Al Arab (a luxurious hotel and the world’s only seven-star hotel), the Dubai Fountain (world’s tallest performing fountain), and the Dubai Aquarium & Underwater Zoo (home to many species of sea life).
Activities to do
If you want to do more than just site seeing and actively want to participate in activities, Dubai has almost every activity you can think of. From having the largest indoor ski area to the deepest dive pool in the world, there is something for everyone’s tastes.
You can take a cruise or yacht ride in Dubai creek, outside near the city coastline, and even farther. Enjoy a lazy cruise in the Dubai canal in the traditional Dhow boats and even have dinner onboard. Whatever strikes your fancy.
If you like sandboarding and dune bashing, you can do all these activities and more. Afterward, you can mellow down with some traditional music, belly dance performances, and a Barbeque dinner. Or you can spend the night in the desert and stargazing alone, with friends or your significant other.
Not to boast, but Dubai’s properties consist of more than 30 theme parks. From Aquaventure Waterpark to Ski Park and from Legoland Dubai to the Ferrari world Theme Park, there is a theme park to match everyone’s taste and mood. You can also enjoy thrills and spills at the largest water park in Dubai during your visit.
Shop till You Drop
The Dubai Shopping Festival is one of the largest in the world. It already has the world’s largest shopping mall, so why should the event be any less extravagant? From the Global village to the Dubai Mall, it’s a shopper’s paradise. Furthermore, you can enjoy the traditional souks and markets as well.
We hope we were able to give you a glimpse of what the Dubai lifestyle is like. We tried to cover many reasons why Dubai has been chosen as one of the best places to set up shop and bring in the family. However, for the die-hard skeptic who says we will believe it when we see it, we say visiting Dubai will be worthwhile. Not only will it offer a fabulous vacation, but it will also help you decide to buy properties for sale in Dubai. The emirate offers some of the best investment opportunities in the world; the many celebrities, business moguls, and billionaires cannot be wrong.