Dubai is often called an international city owing to its immense importance on the global tourism map. The city is distinguished by its unparalleled skyline and outlandish tourist attractions. Anyone with a business-oriented mindset must have asked themselves what that means for commerce and investment.
Here are 8 top reasons why Dubai should be the top investment destination for businesses across the world!
Strategic Geographical Location
Dubai is located in one of the most geographically interesting and advantageous areas in the world – in the center of the Arab world yet in close proximity to both European and Asian nations. It is estimated that almost 70% of the global population is situated at less than an 8-hour flight from Dubai. The coasts and harbors of major global markets like India and Pakistan are only a few days by sea route.
Second Largest Arab Economy
The UAE is the second-largest economy in the Arab world after Saudi Arabia, yet has been able to maintain impressive growth rates of over 4% for the last few years. The Dirham is one of the most stable currencies in the world, offering investors and traders protection from large currency swings. The Dubai economy is very healthily diversified and has one of the best digital economies in the world.
Global Tourism Hub
Dubai is the one place that can be regarded as a truly global tourist attraction. Visitors from across the world add to the rich and vibrant social culture, and bring new ideas and investments from around the world into one city. Dubai's international nature offers investors a multitude of markets to serve in the same place, and to implement new ideas in a manner not possible anywhere else.
Rapidly Growing Population
With a population of just over 10 million, Dubai is one of the largest cities in the world. Yet it remains one of the fastest-growing cities in the region as the standard of life rises, and cost of living is gradually brought down. Everyone wants a piece of the growing economic pie and smart investors from across the world have their eyes set on capitalizing on Dubai's booming market.
World Class Infrastructure
Dubai boasts the most exquisite and stunning modern architecture to be found anywhere in the world. Its communication and transportation networks are highly innovative and futuristic, allowing for a kind of interconnectivity that no other city can rival. Dubai's infrastructural prowess can be gauged from its proud possession of the world's tallest building – the Burj Khalifa, and its ambitions to create a structure even taller still!
Security of Investment
Dubai has one of the lowest crime rates in the world. The bustling city provides an opportunity for everyone and criminal activity has been consistently brought down over the years thanks to effective policing and ample economic opportunities for people to flourish.
According to a 2020 report, the city is the third safest in the world. Security of life and property is one of the foremost reasons why Dubai is favored by many is the best place to invest.
High Yield on Real Estate Investment
Real Estate investments in Dubai have consistently yielded an ROI of over 5-6%, topping even 10% for some areas. Residential and commercial real estate is one of the fast growing sectors of the economy, because substantially more people are moving into the city. Dubai's expansion in recent decades is a testament to the trust of global investors in its robust real estate market.
Investment-Friendly Regulation
Conclusion
Dubai is truly a city like no other. Built from the ground up to be a global attraction, the city is home to a mish-mash of cultures, innovations, ideas and people. This places Dubai as a unique point on an investor's map. Being one of the largest and fastest-growing markets in the small space of a single city, Dubai provides ample economic opportunity to investors, tourists and residents.
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