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In the span of a few short years Dubai has become a
business and leisure hotspot of global proportions. We’ve seen the
lavish hotels, crystalline waters and exotic supercars that line the
streets, but many people across the world are still left wondering what
makes this amazing city all so special. Well, the good people at
Bayut.com have helped us compile the top some reasons why Dubai is just
what the doctor ordered for everything business-related.
From indoor skiing to underwater hotel rooms to the largest building on
earth, Dubai is a booming metropolis with all the opportunities for
business and commerce that one could hope for. Its unique location,
climate and the wealth that flows through the city give it virtually
unlimited potential for growth and development. We have truly just seen
the beginning of what Dubai has to offer. And it’s already enough to
leave our jaws on the floor.
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Geo-Strategic Location
Dubai is and has surely become the bridge between the East and the West
thanks to its strategic location on the southeast coast of the Persian
Gulf. It sits on an important ancient trade route that has been equally
important in modern day trading between countries, making Dubai a
natural pit stop for businesses moving from East to West and vice versa.
Its hot climate also makes Dubai a literal hot spot for tourism and
travel. It’s a topical paradise for visitors across the world, which
also makes it an alluring place for investors looking to capitalize on a
strong tourism sector. |
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Infrastructure
Yes, the USA, Australia, and Singapore all have their fair share of tall
buildings and impressive infrastructure. However, Dubai has outshined
them all with the world’s tallest building, the Burj Khalifa, as well as
numerous other awe-inspiring structures including hotels, offices and
residential buildings.
Dubai’s road and maritime infrastructure is also second to none and
comparable to the best in the world. Not to forget Dubai offers one of
the cheapest modes of transport across the region with bus and taxi
services, a metro system, tram line and a high speed railway in the
works.
Additional plans are set to break even more world records with the
world’s tallest residential building, the highest Ferris wheel, and the
largest water canal, among other projects. |
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Ports
Dubai has one of the most efficient and well equipped sea ports in the
world that can handle millions of tons of cargo each year without
breaking a sweat. Dubai’s port has time and again been chosen by freight
giants as their preferred cargo handling destination. The port’s
capabilities add to Dubai’s allure as a high quality business enabler,
allowing for companies to transport large quantities of their products
across the world with ease. |
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Recreational and Leisure Facilities
Recreation may be offered everywhere, but nowhere is it offered the way
Dubai does. Dubai has exceptional recreational and leisure facilities
and also provides visitors with unparalleled hospitality. Whether it’s
snorkelling, underwater hotel rooms, sky-high tennis courts, or indoor
skiing, Dubai has it all. As a result, businesses focusing on or related
to such recreational services are sure to have a steady stream of
clients all year round. Also, localities around these top-notch
recreational facilities tend to appreciate in value rapidly, making them
a fine investment avenue. |
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Theme Parks and Beaches
While the emirate has many recreational facilities, theme parks and
beaches are firmly planted on top as major tourist attractions. Having
the world’s best theme parks and exceptional beaches, Dubai is a hotspot
for tourist travelling from all corners of the world throughout the
whole year. Want to go skiing in a country with a desert climate? Dubai
makes that possible. That’s reason enough for businesses and foreign
investors to start and strike gold here. After all, money is where the
masses are.
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Wealth and Luxury Lifestyle
The people in Dubai love to indulge in luxury, their immense wealth
allowing them to be as impulsive a buyer as can be. This wealth and
luxury lifestyle is a major attraction for businesses, allowing them to
cater to a people somewhat immune to global slowdowns and downtrends.
Dubai’s unemployment rate is an exceptional 4% and means money remains
in circulation. Businesses and foreign investors want to be where people
are willing to spend, and people are more than definitely willing to do
that in Dubai.
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Continuous Construction
The construction industry in Dubai is very busy all year around as
malls, retail outlets, entertainment attractions, and residential
communities are always being added to the city’s infrastructure. While
this creates more jobs, it also provides more business opportunities and
plenty of options for investors. They can purchase a commercial
property, buy a stake in a business, or purchase a promising residential
property. There is so much to offer and only more to come as the city
continues to expand and develop!
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Tax-Free Economy
Yup! Dubai is a tax-free economy, meaning property and income are not
taxed by the government. That gives businesses and foreign investors the
full freedom to reap all of their earnings. Imagine owning a business
and getting to keep 100% of the profits! Needless to say, that is
motivation enough to invest there.
Dubai is also ranked as the seventh most visited city in the world and
the fastest growing city based on air traffic. That being said, shopping
is a huge economic force, aided greatly by the city’s booming tourism
sector. |
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Political and Economic Stability
Deteriorating law and order is one of the main reasons for the flight of
capital from a country. However, Dubai’s government has taken good care
of these concerns, offering political as well as economic stability
through various programs. Whether it is education, health, recreation,
residency or other facilities, Dubai’s government is doing its very best
to provide the best environment for investors and businesses. Dubai is
one of the safest cities in the world and the UAE’s impeccable security
measures are unlikely to offer surprise shocks to the investors’ baskets
of goods.
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