Relocation, business, work, investment, real estate. Why Dubai

A dream location with an aura of innovation, aspirations for leadership in everything and a life of pleasure. Dubai attracts ambitious and wealthy people, more and more every year. The ratings indicate that Dubai's growing popularity is well founded.

Social factors of the UAE's attractiveness

Dubai and Abu Dhabi raised to the 18th and the 43rd places in terms of living standards and cost of living, according to Mercer's Cost of Living 2023 study.

The cost of rental housing in Dubai, influenced by growing demand, has increased by an average of 25%.

According to the InterNations Expat City Ranking 2022, the UAE is the best place to realize the career ambitions of expats. 75% of respondents believe that moving to the Emirates had a positive impact on their career growth and personal fulfillment. The average is considered to be 60%.

Dubai is on the list of the best places for workation which means combining business and pleasure – that is work and relaxation. Dubai ranked second, ahead of Prague and Madrid, in the list of places for a change of scenery for remote professionals.

UAE tax residency attracts more and more businessmen, and here's why: 0% rate of personal income tax and withholding tax; account privacy; immunity from the automatic exchange of tax information; no double taxation.

Besides you don’t have to worry about the confidentiality of the title to the real estate and other assets in the UAE.

Dubai tops TripAdvisor's 2023 travel rankings the second year in a row.

Dubai has the best opportunities for golf, horse riding, yachting, active recreation and tourism. The most grandiose events and world competitions and cups take place here.

The Emirates has a stable currency and economy. The UAE maintains political neutrality and is an undeniably safe haven for living, business, investment, study and work.

Dubai's all-round appeal is growing and so are the property prices.

Investment and purchase of real estate in Dubai

By the third quarter of 2023 the real estate market grew by 40% year on year, the total sales value reached AED 97.5 billion. During the first half of 2023, there was an increase in prices for residential real estate by 19.9%.

According to Knight Frank, Dubai is ahead of New York and London in the premium segment of properties costing over $10 million. In the 3rd quarter of 2023 the sales have exceeded $1.6 billion, while a year ago the threshold value amounted to $1.13 billion for the same period.

During the first half of 2023 more by 52% golden visas were issued, according to the data from the General Directorate of Residence and Foreigners Affairs (GDRFA). We are talking about a long-term residence permit, allowing foreigners to live, work or study in the UAE for up to 10 years.

From January to June 2023, the number of resident visas has increased by 63% while the number of tourist visas – by 21%.

For those who plan long-term real estate investments one of the key factors of the attractiveness of a location is the positive trend in demographics. From January to September 2023 Dubai's population increased by 72,700 people, reaching 3.62 million people. Accordingly, the demand for the real estate purchase and rent will increase.

The best real estate investment projects in Dubai are here: staypropertydubai.com

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