Dubai has become the best destination for foreigners

A study by W Capital found that Dubai has become a dream city to work and live among many foreigners, especially Arab youth. In a survey conducted from January to March 2023, W Capital clients in the UAE and the Gulf countries were asked what is the charm of Dubai. Participants reported that Dubai's infrastructure has made it a world leader in real estate and strengthened its position at the forefront of global destinations as the best place to live, work and invest. The ease of doing business and the provision of good employment opportunities were also noted.

As Waleed Al Zarouni, CEO of W Capital, shared, their survey showed a great desire of participants to live in Dubai, establish their business and plan for the future in the emirate, which is one of the seven safest cities in the world. He added that Dubai's success over the past two decades has cemented it as a fertile ground for opportunity, where efforts pay off and dreams come true. Al Zarouni said the emirate has managed to become a home for expats from more than 200 nationalities who live and work side by side. Dubai offers a rich lifestyle with plenty of activities and entertainment for everyone in a vibrant urban atmosphere.

The CEO emphasized that Dubai has state-of-the-art roads, ports and airports, serving as one of the region's busiest gateways to the world for business, trade and tourism. This makes the city a favorite for many. Due to its central location between east and west, and proximity to most of the world's major destinations, Dubai Airport is one of the busiest airports in the world. It serves over 85 million people annually, connecting over 240 destinations on six continents with over 100 airlines.

Al Zarouni noted that Dubai has also established itself as one of the happiest cities in the world and the only city where happiness is considered an official public mission. The UAE has a Ministry of Happiness, which was established in 2016. He stressed that the emirate provides for the happiness of citizens or residents of other nationalities by empowering them and providing special infrastructure and exceptional opportunities while maintaining their safety and comfort.

Dubai has one of the most advanced and efficient transport systems, making it ideal for travel due to strict traffic regulations and state-of-the-art traffic control systems. In addition, Dubai offers the best educational standards with world-class schooling across 16 different curriculums and access to over 60 prestigious international universities. The medical services offered by the emirate are of the highest global standards, especially after integrating healthcare and innovation to serve and attract medical tourism. They aim to become one of the top 20 healthcare markets in the world.

Al Zarouni stressed that the Dubai real estate market continues to receive great support due to unlimited opportunities and quality initiatives put forward by the government of the emirate, presented in the policy of supporting residents, new laws on the residence of entrepreneurs and investors. The emirate offers safe and vibrant residential communities as well as luxury resorts and hotels to suit all tastes and anticipated demand for a variety of accommodations suitable for individuals or families, he said.

Al Zarouni believes that the Dubai real estate market is characterized by its diversity to meet the different requirements of tenants and buyers, and this is supported by flexible real estate legal systems that allow citizens of the Emirati and the Gulf to own property in any area, as well as how to allow foreign residents to rent. buy and sell properties in certain areas of the emirate.