8 Reasons why Dubai is Ideal for Investment
Dubai is a place that stirs the imagination of high-rise structures, world-class business frameworks, and people living in the fast lane. But the most impressive thing about Dubai — an indomitable feat indeed — is how it flourished, and reached new heights within the century, just like the prodigious skyscrapers it houses.
Dubai was nothing but an arid, desert city decades ago. Today, it is the largest business city in the UAE, if not in the whole of Middle East! World Bank’s Ease of Doing Business had some staggering numbers to report about Dubai: 3.4 million residents, 16.73 million visitors annually, and an unemployment rate of a wee 0.5%!
After amassing such impressive accomplishments and transforming the Middle Eastern landscape into a Middle Eastern business haven, Dubai has rightly earned its place among other megalopolises like New York, London, Tokyo, and Sydney.
Dubai’s efforts in providing world-class logistics and infrastructure (the Burj Khalifa being the 828 full meters of embodiment), incubating innovation and digitization, and developing human capital has cemented its legacy as one of the best places to setup business.
Let us now peruse over the 8 reasons why you must invest in Dubai.
Resilient & Dynamic Economy
The aim to terraform the landscape into a chugging engine of economic growth has enabled the city to introduce strategic plans, and make Dubai a more diversified, business-centric environment.
Sure enough, the results that Dubai has racked up for the last 15 years are undoubtedly impressive. Dubai ranks 1st in Employment growth and 8th in the diversification of economy globally. It also ranks 2nd in employment rate. These developments have significantly stabilized not just the economy, but also the socio-political landscape.
Smart City Innovation
Embracing cutting-edge technology has enabled Dubai to veraciously embody the concept of a futuristic, smart city. Not just that, but a slew of government policies specifically cater to start-ups, SMEs, innovators and incubators; thus, raising the bar for entrepreneurs and business setup professionals.
Over the years, these advancements have attracted many a policymaker and business professional from all around the world to enhance the atmosphere and make it more conducive for Dubai business setup.
Dubai stays determined in promoting a digital culture, and incessantly is working on digitizing many processes so as to grant its citizens the ease of doing things.
This has conferred it a #1 position in levels of technology employed, in deployment of dedicated cyber-security teams, number of internet users, and technical employment, just to name a few. Tech giants like Oracle and Microsoft have even opened their regional cloud data centers in Dubai.
Empowering Institutions
Dubai’s breakneck development is bolstered by a reliable, transparent, and adaptable regulatory framework that fosters growth.
Dubai’s public entities and institutions ensure the absolute, seamless and expedited implementation of regulations and policies, specifically for investors and businesspersons of all stature. Owing to this progress, Dubai has been ranked 13th among 190 nations in the brassbound implementation of government policies.
Many policies are designed to improve the business environment and economic growth. Key factors such as economic stability have made Dubai a place with world-class investor experience. The success of a conducive investor experience can be attributed to the host of public-private partnerships and collaborative policy-making approaches.
Connecting Worlds
Dubai is geographically endowed a location that’s considered a gateway between the western and the eastern trade routes. There couldn’t be a better candidate, as Dubai has built on this advantage by connecting 2/3rd of the world population, both by land and sea routes.
And in connecting Middle East with the rest of the world, Dubai’s DXB airport has become one of the busiest airports in the world, serving as the nerve center for all of Middle East. This has greatly flourished businesses, commerce and touristy in Dubai. So much that, over 70% of the Fortune 500 companies have chosen Dubai as their regional headquarters.
Business Hub
Dubai has emerged as a global nexus for businesses by transforming an arid region into the preferred location for global investment and business setup. Quite unsurprisingly, the city ranks #1 globally for new business setup and company formation in UAE.
Not just that, but it also has scooped the #1 rank for global free zones of the year, and is also the 4th most business-friendly city in the world. Regardless of the business size, it empowers businesses for maximum profitability, lasting partnerships, and impactful innovation.
World-Class Infrastructure
Dubai ranks #3 for the most number of skyscrapers in the world. With the construction of Burj Khalifa, Dubai cemented its place as one of the most prosperous cities in the world. It is unlikely that Dubai’s record of housing the tallest building in the world can be toppled, as another project in Dubai is in place to challenge the Burj Khalifa for the title.
A healthy sign of a healthy economy is the infrastructure of the place. Undoubtedly, Dubai has risen to the challenge and continues to build sophisticated, high-raise edifices to promote growth.
Dubai also ranks 1st globally in public transport, pedestrian navigability, and air transport facilities. As a consequence of which, it has become one of the world’s most connected cities, making new business setup in Dubai all the more easier.
A Magnet for Talent
Dubai has, over the years, augmented human capital in diversified fields and has attracted high-quality talent. According to Dubai Statistics Center, the unemployment rate in 2019 stood just at a mere 0.5%!
Moreover, Dubai has retained the highest percentage of foreign labor force globally. This is a direct result of the collaborative mechanism between the government entities and the various multibillionaire corporations in the UAE.
Dubai is also continuously expanding their horizons in aspects of knowledge transfer and workforce quality, thereby maximizing ROI for investors.
Adaptive Immigration Systems
In a string of initiatives taken up by the Dubai govt., ‘Golden Visa’ was announced. This long-term visa grants permanent residency to special talent, scientists, entrepreneurs, investors, and outstanding students. The motive of this initiative is to support and provision people of extraordinary talent in the development of UAE’s business atmosphere.
Are you Ready?
If you are dreaming of starting your own company and carrying it forward with a team of employees under your wing, then consider that dream accomplished. We, Cross Link International, will start your company for you, so you don’t have to!
Cross Link International is one of the best business setup consultants in Dubai and will assist you in company formation, PRO Services, Visa Services, Business License renewal, Trade Licenses, free zone company formation, LLC company formation and many more services that entail business formation. Reach out to us through + 971 4321 6631 / + 971 55 744 6445 or fill-in this form to get a free consultation from us.
