With its unabashed architecture and exciting skylines, it's easy to see why Dubai is the world's fastest-growing metropolis and the UAE's tourism hub. In less than 30 years, the city has grown from a small fishing village to a major trading hub. There are numerous reasons to invest in Dubai, including the following:
DUBAI EXPO, 2020: Expo 2020 is one of the most talked-about events in the world right now. Dubai has been selected to host the World Expo in 2020. With a projected 25 million visitors, the event will help to boost rental demand and provide a strong return on investment for investors. This six-month carnival, which will take place between October 2020 and April 2021, will be themed 'Connecting minds, creating the future.' For the first time, the best of innovation, trade, and products from around the world will be brought to the UAE.
Travel and Tourism: The hospitality and tourism industry contributes roughly 18% of Dubai's GDP. The Emirate has several tourist attractions and events. Dubai hosts several art and cultural festivals, such as the Dubai International Film and Festival and the Dubai Jazz Festival, as well as sporting events such as the Dubai Golf Desert Classic, Formula 1 Race, Rugby 7's, Dubai World Cup of Horse Racing, and the International Critics' Cup.
Trade and Investment: The Dubai Gold and Commodities Exchange has helped to establish Dubai as a Forex and derivatives hub. It serves as a regional trading and investment center for commodities such as gold and precious metals, diamonds and colored stones, energy, tea, pearls, and fashion jewelry. In 2008, they made up 26.5 percent of the UAE's non-oil foreign trade.
Ease of Doing Business: The UAE ranked 11th globally and first in the region in the Ease of Doing Business 2019 report. The indices on which UAE scored these ranks are-
Getting electricity - 1st rank
Paying taxes - 2nd rank
Dealing with construction permits- 5th rank
Registering property – 7th rank
Enforcing of contracts - 9th rank
Protecting minority investors – 15th rank
Growing Economy: Dubai's economy is based on aviation, trade, tourism, financial services, and other industries, with little to no reliance on oil. Dubai's economy has grown, as has the economy of other UAE countries, despite the recent oil crisis, with growth expected to increase by 3.1 percent in 2017.
Strategic location: The United Arab Emirates enjoys a strategic location between east and west. The country connects shipping routes and facilitates goods transportation between the Middle East, Asia, Europe, and Africa, making it accessible to major emerging economies.
In the global environment that we live in today, there are plenty of opportunities to participate in the increase of a country/region by investing in it. The investment opportunities in Dubai are one such chance.
BENEFITS
Apart from the benefits listed above, Dubai and its business culture offer much more. The city's strategic location is only the first of many reasons to invest in Dubai. It is an excellent hub for imports and exports and serves as a gateway to Eastern businesses. Not only that, but the city's growing and diverse economy allow foreign investors to focus their attention on areas other than the ones that made the city famous. Oil, logistics, trade, transportation, tourism, and real estate are just a few of the industries that have grown in importance in recent years.
Regardless of the type of business one wishes to pursue, the Emirate has a skilled workforce. Expats from all over the world flock to the city and the city's labor policies make it very easy for employers to hire people from all over the world. Dubai is regarded as one of the safest cities in the world, with a high standard of living. If you want to open a business, here are a few advantages:
No limitation on visas
Flexibility to rent office anywhere
No restrictions in office space requirement
Great opportunity to expand by forming branches
New permit to grow the business in the mainland without establishing a branch office
No minimum capital investment required
Permission to undertake government projects
Easy accessibility of office space
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