10 good reasons for businesses to migrate to Dubai

Dubai’s economy is flourishing, but new businesses are choosing to migrate there because of the city’s reputation for safety, quality education, accessibility, tax structure, and modern healthcare systems (as demonstrated by the city’s swift response to the coronavirus outbreak).

Many areas of the economy, including trading, export, import, logistics, financial services, hospitality, event management, tourism, construction, and so on, have transformed the United Arab Emirates into a global trading hub and ultimate investment destination. As a result, the United Arab Emirates is a popular choice for many entrepreneurs because of various factors. The top ten reasons to do business in Dubai are listed here:

 

1. Growing economy of Dubai

Despite the pandemic, the UAE’s economy remained robust. In other words, tourism rebounded the fastest in the world.

Despite the Covid-19 situation, the United Arab Emirates plans for a brighter future by aiming to double its economy by 2030. Entrepreneurs, Investors, and creative minds can also use the country’s state-of-the-art infrastructure, superior connectivity, highly developed incubators, accelerators, investors, various incentives, and recent legislative modifications.

 

2. Ideal Location

A suitable venue to conduct many economic activities, such as international trade (import and export), logistics, tourism (hospitality), and events (event management), Dubai’s strategic location allows for easy access to all three continents. Dubai is in the center of the 400-mile-long shoreline of the United Arab Emirates. Because it has sea and air access, Dubai is an ideal transit hub for products moving between East and West. 2.5 billion consumers in Gulf, Africa, Asia, and CIS nations may reach through Dubai.

 

3. Favorable Tax Structures and Regulatory for Businesses

Interestingly, many entrepreneurs choosing Dubai as their base of operations are ex-pats from high-tax cities and nations like the United States, the United Kingdom, Switzerland, and France. In Dubai, profits are tax-free, yet it is vital to understand the tax rules of every individual’s home country. People who favor self-regulation highlight Dubai’s regulatory environment as an additional reason to go there. Corporate and personal income taxes and withholding tax exemptions are available in the United Arab Emirates’ 38 free zones, established to encourage foreign investment.

The UAE’s economy is considered one of the most liberal and diverse in the Middle East and North Africa. Most businesses in Dubai are exempt from taxes, except for branches of foreign banks, hotels, and oil and gas corporations headquartered in the United States.

Dubai does not impose any of the following taxes:

  • Personal income tax
  • Value-added Tax
  • Capital gains tax
  • Corporate Tax
  • Withholding Tax

 

4. A Safe Place to Live and Work

Entrepreneurs looking to launch a business in Dubai can find all they need in the city’s innovative design centers, startup hubs, and strategic collaborations. One of Dubai’s distinctive features is its emphasis on health and safety due to its status as one of the safest cities on Earth. Dubai is among the countries with the world’s lowest crime rates. While the world average is 6 to 8 crimes per 100,000 people, the number of severe crimes in the United States is only 0.5 to 1 per 100,000. Furthermore, the United Arab Emirates is one of the most stable countries. The United Arab Emirates has attracted many foreign investors and enterprises because of its high security and political stability. A safe environment is indeed necessary for a business to thrive.

 

5. Residency Permit

A UAE provides Residency Visa if you open a business in Dubai or other Emirates in the UAE and your family members and expatriate staff. Having a UAE Residency Visa offers various advantages, including opening a current account in UAE banks, leasing an apartment for an extended period, and entering and exiting the UAE multiple times.

Golden Permits, long-term residence visas that allow business owners and their staff to live and work in the UAE without the historical necessity of having a sponsor, were made available in 2019 to make relocation easier for businesses. In contrast to the past requirement that a company outside the free trade zone have a local partner with at least 51% ownership, these visas are awarded to qualified individuals and their families for 5 or 10 years, renew automatically, and offer 100% ownership of one’s business. The goal is to make the UAE more appealing to business people, particularly startups and business owners.

 

6. World-class Health Care

Healthcare in Dubai is excellent, with top-notch facilities and highly qualified staff overseen by the Ministry of Health and Prevention. In addition to the government’s four hospitals, Dubai, Rashid, Latifa, and Hatta, more than 40 other hospitals in Dubai. Healthcare in Dubai provides healthcare accessible to all residents, and employers need to provide health coverage for their employees’ costs.

Living a healthy lifestyle is impossible without finding something to do in Dubai. Fitness-conscious visitors and locals alike can enjoy the city’s pristine beaches, delicious cuisine, and bustling streets great for a stroll. Sports including skiing, polo, cricket, tennis, cycling, and camel riding are most popular.

 

7. Retain capital and profits in full

Remittances of capital and profits are not subject to any limitations in Dubai. However, many businesses prefer to keep their money in the United Arab Emirates because of its tax-free status. In addition, there is no foreign exchange restriction in the UAE, and the US dollar and the UAE Dirham have a steady exchange rate of US$1.00 to AED 3.678.

 

8. Transportation and Infrastructure

The Dubai International Airport (DXB) serves over 100 airlines and 260 destinations worldwide, making it one of its best public transportation systems. In addition, Dubai International Airport (DXB) is the world’s largest and fastest-growing passenger and cargo hub, according to the Airports Council International.

You don’t have to be tense about finding an office, a retail shop, a manufacturing unit, or a warehouse in Dubai if you’re launching a business there. There has been a tremendous amount of new construction on a vast scale in recent decades in residential, tourism, industrial and commercial use. New highways, improved public transportation, and a new airport are all in the works. UAE’s infrastructure and transportation have been ranked among the best globally by the WEF Travel and Tourism Competitiveness Report. However, there was a significant gap between the quality of roads in the country and the quality of air travel, ports, and ground transportation. There are two kinds of ports: maritime and aviation.

Dubai International Airport is the region’s largest airport and one of the region’s largest seaports (Jebel Ali Port). Importing and exporting items to and from Dubai may be done via sea, land, and air, so there’s no need to worry about the logistics of international shipments getting here or going there.

 

9. Corporations with a global reach

Microsoft, HP, Oracle, Nokia, Sony, and Boeing are just some of the world’s most well-known multinational corporations with regional offices in Dubai. In addition, Procter & Gamble, Adidas, and BBC World have regional offices in Dubai. Moreover, numerous internationally famous colleges have campuses in Dubai, such as the American University, Wollongong University, Michigan State University, London School of Economics, Rochester Institute of Technology, London School of Business, and Hult International Business School.

 

10. Living standards

Finally, the excellent quality of life and living conditions that one may enjoy in Dubai are another reason to choose the Emirate as a company location. Among the 160 countries studied, the UAE came first in the Middle East and North Africa for overall quality of life and 15th globally. Furthermore, the United Nations has recently placed the United Arab Emirates as the 14th happiest country. Therefore, you can be more productive and inspired by the pleasant environment while enjoying an excellent quality of life and living standards.

As a result, Dubai has become one of the world’s most important cities. Businesses worldwide are interested in doing business in Dubai because of the government’s strong support for small and medium-sized enterprises (SMEs). Additionally, Dubai’s Smart City 2021 initiative is changing the city, revolutionizing government service delivery, encouraging private sector partnerships, and increasing happiness. In addition to drawing worldwide attention, Expo 2020 Dubai is expected to boost domestic travel, which grew during Covid. The United Arab Emirates’ position as a global melting pot is admirable, with 180 nationalities in the UAE.

 

The Bottom Line

While Dubai’s position as the world’s one favorite spot is undeniable, it will only get stronger in the future. More and more people are flocking to do business, work, and live in Dubai for all these reasons. Nearly 90% of Dubai’s population comprises expatriates from 200 countries worldwide. Primarily, they’re drawn to the Emirate by its commercial and investment opportunities.

 

 

 

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Top 5 Buildings to Buy an Office in Business Bay

Business Bay, one of Dubai's most prime and in-demand commercial business hubs, offers investors and end-users a number of buildings when looking to buy an office. Nestled along the shimmering waters of the Dubai Canal and just minutes from Downtown Dubai, this dynamic district has transformed into one of the city's premier business and residential communities. Business Bay combines high-rise offices, luxury residences and world-class amenities, offering a versatile space where companies of all sizes can establish themselves in the heart of the action.In this article, we'll explore the top 5 buildings within Business Bay to buy an office and explore some of the factors as to why they stand out amongst the many!Top 5 Buildings to Buy an Office in Business Bay #1 Vision Tower Located along the Bay Avenue retail centre, Vision Tower is an office tower standing at 853 ft. tall. Situated at the gateway to Business Bay, Vision Tower offers prime accessibility just steps from Sheikh Zayed Road and the Business Bay Metro Station. With a unique pedestrian bridge linking it directly to Bay Avenue, tower occupants have convenient access to an array of amenities, including hotels, retail shops, cafes and restaurants, creating a vibrant and connected environment for work and leisure.The building offers various types of office spaces, including shell and core, fitted and fully furnished options - ensuring something for every business and their unique requirements. It's no secret why Vision Tower is a top choice for office buyers due to its prime location, modern facilities and seamless access to key amenities and transportation links, making it an ideal environment for businesses looking to establish a prestigious presence in Dubai.Developer: Dubai Properties Average Returns: 8-10%#2 The Opus The iconic 20-storey mixed-use development by the notable Omniyat Group, known as The Opus, offers both residential apartments and offices. Located in one of the most popular areas of Business Bay, the offices for sale in The Opus provide easy access to Sheikh Zayed Road and is also a few moments away from Dubai Mall. The Opus is an excellent commercial investment for office buyers, offering a unique architectural design by Zaha Hadid, premium facilities and a strategic location in Business Bay, attracting high-profile tenants and ensuring strong long-term value.Developer: Omniyat Average Returns: 8-10%#3 Bay Square Bay Square stands out as a top choice for office buyers due to its prime location in the heart of Dubai’s Business Bay District. Developed by the reputable Dubai Properties Group, this mixed-use development combines high-quality commercial office spaces with retail facilities, creating a dynamic environment for businesses. Strategically positioned between Al Asayel Street and Al Abraj Street, Bay Square offers easy accessibility, with pedestrian-friendly walkways and proximity to key transport links, enhancing convenience for both employees and clients. Its vibrant, community-focused atmosphere and top-notch facilities make Bay Square an ideal setting for businesses seeking a prestigious address in Dubai.Developer: Omniyat Average Returns: 8-10%#4 The Oberoi Centre The Oberoi Centre is a prime office location in Dubai, crafted by renowned architects and consultants celebrated globally. Its commercial tower is directly linked to an adjacent luxury hotel at the podium level, granting office occupants easy access to top-tier shared amenities. Designed with flexibility in mind, the commercial tower offers 33 floors of adaptable office spaces that can be tailored to buyers' needs, with floors that can be divided into individual or combined units.Office units in The Oberoi Centre come in a range of sizes, with a total office space of 297,625 sq. ft. Amenities include a 24-hour front desk, concierge services, a conference room, a gym and health club, a Jacuzzi and a multipurpose room. This versatility, combined with its high-end facilities and prestigious setting, makes The Oberoi Centre an attractive investment for businesses looking to establish a prominent presence in Dubai.Developer: Rani International Development LLCAverage Returns: 8-9%#5 Prime Tower Prime Tower in Business Bay is a Grade A tower that offers an impressive 36 floors of office space, a total building area of 349,391 sqft, stunning views and world-class facilities that set the stage for a thriving business environment.Designed for convenience and connectivity, Prime Tower features a health club, a cafeteria and retail shops, creating a well-rounded workplace experience that supports daily business operations. The building's standout amenities include a pool, café, juice bar, and a rooftop lounge with panoramic views of the iconic Burj Khalifa, making it an ideal setting for team-building events and networking activities. Office spaces at Prime Tower are customisable, allowing businesses to tailor their layouts to match specific operational needs. With its prime location, upscale amenities and flexible office design, Prime Tower is an exceptional choice for businesses seeking a prestigious address in Dubai.Developer: Al Massaleh Real EstateAverage Returns: 8-10%

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Key Factors to Consider When Evaluating Commercial Property Locations in Dubai: A Step-by-Step Checklist

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A good way to check how current communities are performing is to watch out for CRC's quarterly market reports and monthly snapshots.Some neighborhoods in Dubai are undergoing rapid development, while others offer stability. Researching these trends will help you avoid areas that may seem promising now but could lose value in the future.2. Accessibility and Transportation LinksA prime commercial location should be easily accessible to clients, employees and suppliers. Consider the proximity of public transportation, major roads and highways. In Dubai, areas near metro stations, such as Sheikh Zayed Road, Downtown Dubai and Business Bay, tend to be popular choices due to their connectivity and ease of access.Ensure the property is convenient for foot traffic if your business relies on walk-ins, or consider the availability of parking if customers are likely to drive.3. 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While a certain amount of competition can indicate a healthy demand, an oversaturated market might make it difficult for your business to thrive.On the other hand, clustering your business in an area known for your industry can bring benefits. For example, tech companies tend to thrive in Dubai Internet City & DIFC, while fashion retailers may prefer the bustling Dubai Mall area.7. Safety and SecurityIn any city, safety is a top priority for businesses and employees. Dubai is known for its low crime rate, but some areas may offer higher security features than others. When evaluating commercial property in Dubai, assess the availability of security services, surveillance and the overall safety of the neighborhood.8. Leasing Terms and CostsUnderstanding the financial aspects is crucial when selecting a commercial property. 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From market trends to accessibility, future developments and Dubai property regulations, every factor plays a crucial role in determining the success of your venture.By following this step-by-step checklist, you'll be well-prepared to choose a commercial property that supports your business goals and ensures long-term growth in one of the world’s most dynamic real estate markets.About CRCCRC Property in Dubai is a leading commercial real estate brokerage, specializing in helping businesses find the ideal commercial properties across the UAE. With deep expertise in the Dubai market, CRC offers a wide range of services including leasing, sales and investment advisory for offices, warehouses, retail spaces and more. Their team of experienced consultants provides personalized solutions, ensuring clients find properties that align with their business needs, budget, and future growth plans. CRC Property's in-depth market knowledge and commitment to client success make them a trusted partner in Dubai’s competitive commercial real estate sector.

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How to Value Your Commercial Property

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Whether for secured lending, auditing, acquisitions or internal decision-making, CRC Valuations provides precise and detailed property valuations across the UAE, helping clients navigate the complex real estate market with confidence. Contact us today! 

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Tecom Group's $463 Million Investment: A Transformative Boost for Dubai's Commercial Real Estate

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