Dubai, a city of soaring skyscrapers and iconic high-rise buildings, has seen remarkable progress in the past few decades. Dubai’s world of business has made it an emerging city. This Middle-Eastern city has offered innumerable opportunities to professionals in the corporate sector and has become one of the world’s greatest business hubs.
Dubai’s World of Business: Growth and Development
Among many other things, Dubai’s world of business is backed by excellent connectivity. Dubai is connected to all major cities of the world. By passenger traffic, it happens to be the busiest international airport. One-third of the world’s population lives within four-hour flight duration from Dubai. This has not only been great for its tourism but also helped its commercial aspirations.
Besides the air connectivity factor, the emirate is a low tax regime. Taxes on property, income or capital gains are levied in Dubai. This plays greatly to its advantage. With its tax system, doing business in Dubai is easier. In sharp contrast to geopolitical upheavals in the region, the government is stable and supportive of business ventures. Its economic policies are business-friendly. To support international trade and commerce, Dubai also has free zones with laws distinct from greater Dubai.
The city ensures that construction activities are carried swiftly and attracts high Foreign Direct Investment (FDI). The rate of real GDP growth is also extremely high, which makes Dubai an emerging business destination.
Life and Living in Dubai
The cost of living in Dubai is lower than several of its peer cities, like London or Hong Kong. Property prices are also cheaper. The income levels are good and the city does well in the affordability front. Dubai offers a pretty decent quality of life amid a secure and safe ambience.
Since 2006, the city has also taken remarkable steps towards policy making and planning. Although the city experiences extreme climate conditions, Dubai has tackled this rather admirably with air conditioning facilities in most areas. Dubai relies heavily on desalinated water and has an excellent desalinated water distribution system in place. The healthcare sector is also fast developing and Dubai outscores all US cities in this aspect. Looking forward, Dubai’s Expo 2020 bid places special focus on curbing down its levels of air pollution and cut down on its proportion of municipal solid waste that goes to landfill.
This is a city that has successfully overcome its natural environment and has created its own niche in the world. The growth in Dubai’s world of business has placed it firmly in the global trade and commerce map and has made it an undeniable investment destination. Now you know the reason behind Dubai being called a city of great and infinite opportunities.
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