Dubai is one of the most senior business centers globally and the hotspot of choice for leading business conglomerates around the world. According to leading industry experts, more than 50% of global businesses are already present in Dubai, and it’s going to increase rapidly. Dubai is the most dynamic business destination with world-class connections, business-friendly infrastructure and reforms, and a robust strategic location.
UAE has experienced exponential growth in trade, logistics, business, financial services, tourism, hospitality, real estate, and the past two to three decades. Dubai has been ranked among the most livable cities globally to start over the years by Knight and Frank and other leading industry associations. The IMF also said the UAE economies could soon outperform Germany, Britain, Singapore, Hong Kong, and the United States over the next decade.
Why Dubai is the Top Business Hub of the Middle East?
In recent years, UAE has become a popular destination for meetings, conferences, exhibitions, and sporting events. The city has seen many sports figures converge on the city’s sports infrastructure for international sporting events. The hospitality infrastructure, including transportation, hotels, restaurants, other facilities, and high-quality visitor service standards, is amazing.
Strategic Business Location
UAE is the best business center in the Middle East and is strategically locates between the Far East and Europe. Business centers in Dubai are centrally located and easy to reach.
The city is experiencing an infrastructure upgrade, supported by public investment, through the expansion and improvement of its road, rail, and air transportation network. It makes it easier than ever to get around and move around Dubai.
Read Also: Top 5 Tourist Attractions in Dubai
The hotel infrastructure has improved along with the tourist network, and the city of Dubai already has 100,000 hotel rooms, with 17 hotels added each year. Visitors who previously took only one connecting flight at UAE Airport are now staying longer to experience some exclusive visitor facilities such as museums, restaurants, and sports arenas.
Local Business Support
UAE offers a wide range of businesses for almost all sizes in a welcoming and friendly business environment. The city is a hub for new startups and large multinational companies, with the service sector accounting for a large proportion of its GDP.
Dubai is a fast-growing knowledge hotspot with some top research centers and universities, and free zones like Dubai Healthcare City are a significant achievement. The latter has more than 4,000 professionals working in two hospitals. Including more than 120 outpatient medical centers, and a 4.1 million square foot diagnostic laboratory.
Dubai Silicon Oasis and Dubai Internet City are breeding grounds for research, technology, and industrial assets. Similarly, the Dubai Biotechnology and Research Park is the region’s most popular life science hotspot.
Dubai Association Centers
The Dubai Association Center (DAC) is the gateway to the world’s fastest-growing economy. Found by the Dubai Chamber of Commerce and the Ministry of Tourism and Trade Marketing. It is a center from which global associations can develop in the Middle East and beyond.
DAC offers support for companies and associations wishing to establish a base in Dubai. It encourages practitioners in the industry or general profession to form member associations. DAC provides a framework for international associations to open regional offices in to do business in the UAE.
This support network promotes a startup system whereby associations can benefit from the central experience. Also the purchasing power and market flexibility and adaptability.
Endless Business Opportunities in Dubai
The possibilities that UAE offers seem endless. After that, Whether tourism, science, fintech, translation, engineers, or accountants – a business base in Dubai provides an economic advantage.
The government’s designated area is a haven for businesses. They are looking to take advantage of laws to encourage free trade, international investment, and lower taxes.
That is to say, Service professionals and businesses do not pay any income tax or sales tax in UAE. As a result, it is encouraging ex-pats to stay longer in the country and spend more money while living there.
Conclusion
That is to say, Dubai’s rise from a desert city to one of the hottest hospitality and investment destinations. However, It is the foresight of the founders who realized that natural resources were the solution for today. However, UAE built will last for generations even if the Middle East’s natural resources are gone. In conclusion, Dubai is a safe and iconic destination for trade and investment.