Dubai is considered one of the leading cities in the world. It is the most developed and sophisticated city of the United Arab Emirates mainly because of the great amenities, high salaries, outstanding buildings, excellent healthcare system, etc. In fact, it is considered an expat’s paradise and a good attraction for doctors who want to increase their skill set or to finish their career in a consultant position with an excellent salary package.
Dubai has completely evolved as a city in 40-45 years and is now considered as one of the best cities in the entire world. From Dubai’s constantly thriving culture to its monumental success in the world of business, we examine why the city is so loved.
Reasons why Dubai is one of the top cities in the world in 2021
There are a number of reasons as to why Dubai is regarded as one of the best cities in the world. This is thanks to its unique architecture, multicultural environment, overseas property demand and top tourist attractions.
In 45 years, the city has transformed itself from a local trading community into one of the most inspirational, exciting and successful cities in the world, says Gulf Sotheby’s International Realty.
“In the 1980s and early 1990s the city took a strategic decision to become a leading international tourism destination and it has quickly become a city that is recognised all over the world, with the world’s tallest building, the world’s richest horse race, the world’s tallest choreographed fountains, the world’s largest man-made island, the world’s most luxurious seven-star hotel and the world’s most visited mall.”
“With extensive investment in advanced infrastructure and completion of incredible projects with unmatched speed and scale, the city has become one of the most futuristic cities in the world.”
What makes Dubai one of the top cities in the world?
Dubai’s architectural advances
Dubai is a city that wants to be the biggest and the best. The city always strives to add to its amazing list of architecture and attractions. Dubai is already home to a number of architectural wonders, such as the Burj Al Arab and Burj Khalifa and major tourist and leisure attractions. In the coming years, Dubai hopes to add even more exciting attractions to its impressive list.
Although many economies have suffered during the past year as a result of COVID-19, it’s predicted that Dubai will recover to pre-pandemic levels in 2022, with gross domestic product (GDP) seeing 3.5% growth.
Dubai’s Burgeoning business opportunities
A safe, viable and profitable business environment is vital to attract international investors. The city is politically stable, with a strong economy and positive.
Why invest in Dubai real estate?
Dubai is known to be the city of the future. The reason behind the success of Dubai business, especially the Dubai real estate industry, has numerous factors including its location, tourism attractions, high investment returns, and numerous others. From an investor’s point of view, Dubai offers rental yields more than double of what is offered by the world’s major established cities such as London, Paris, and New York, according to industry analysts. Also, the dream city includes the world’s only 7-star hotel, the World’s biggest man-made island, the world’s biggest shopping mall, the world’s tallest building, and state-of-the-art developments, etc.
The city continues to maintain its status as the ideal destination for foreigners and offers enticing investment opportunities.