Dubai is currently the best-placed location for a post COVID-19 recovery. While some economies are still suffering from the effects of COVID-19, Dubai is set for a short term full recovery. There is no doubt that the UAE economy has suffered, but through the countries preventative measures to contain the virus, the UAE and Dubai specifically have been less affected than other developed countries.
In the last decade, Dubai has emerged as a major global tourism destination and is known as the most dynamic and exciting city in the Middle East. The vast amount of tourism has allowed for a huge growth in Dubai’s buildings, as well as in the hotel and hospitality sector.
As the region’s most dynamic city, Dubai has planned amazing and exciting growth plans for the future.
-Become the smartest city in the world by 2021 -Be the most visited city by 2025
Dubai has no income tax and no capital gain tax. Everything you earn is yours to spend! Dubai is free from Income Tax for residents with no Value Added Tax (VAT) levied on residential properties for investors.
Dubai is currently considered to be one of the safest cities in the world. Dubai has the highest rank when it comes to quality of living and public infrastructure across the Middle East and Africa (MEA) region, according to Mercer’s 2018 quality of living survey.
Dubai is less than 6-7 hours flight time from the majority of the worlds destinations, with currently 6,500 direct flights connecting from Dubai to the world every week.
The 2021 Expo event was the largest event to ever be held in the Arab world, dubai welcomed over 24 million visitors, where 70% was international visitors.