Located on the shores of the Arabian Gulf featuring crystal clear beaches, fascinating sand dunes and sunsets, and magnificent skyscrapers, Dubai is one of the most connected cities in the world and is home to a diverse population.
With over 88% expats, Dubai is a luxury paradise for people from around the world, offering an exciting lifestyle, great career opportunities, and exceptional amenities.
Here’s why Dubai is considered a hub for luxury.
Despite global uncertainty and significant fluctuations in oil and gas prices, the economy of Dubai continues to thrive.
While there is a recent dip in the expected GDP growth which is likely to drop from 5.9% last year (2022) to 4.4% in 2023, the economy is still doing much better than several other global economies. The reason for Dubai's economic prosperity is that its economy no longer solely depends on the oil and gas sector. Instead, it has heavily invested in infrastructure which led to the development of the financial and construction sectors along with tourism.
Moreover, Dubai continues to offer remarkable incentives to global investors, entrepreneurs, and expats, which also drives the economic prosperity of the Gulf state.
In all, Dubai has positioned itself as a global hub of business and tourism which attracts high-net-worth individuals and luxury brands from around the world.
Image URL: https://www.pexels.com/photo/emirates-tower-in-dubai-15018564/
Image Title: Luxury in Dubai
Image Description: Emirate tower in Dubai
Alt Text: A view of the Emirate Tower in Dubai
One of the many reasons why Dubai is considered a hub for luxury is its investment in architecture and infrastructure.
The city is home to some of the most modern and iconic buildings and structures, such as Palm Jumeirah, Burj Khalifa, and Burj Al Arab, which continue to attract tourists while contributing to the luxurious image and appeal of the city.
Dubai is often considered a hub of luxury for the opulent standard of living the state offers.
The visionary leadership of Dubai aims to provide world-class facilities to its residents. The city was named one of the safest cities in the world, featuring a well-developed and actively implemented judicial system that has zero tolerance for crime.
Moreover, the city is clean and makes it a comfortable place to live by offering basic and advanced amenities in all residential and commercial areas.
Furthermore, Dubai offers multiple residential alternatives for individuals and families which suit their preferences and budget. From high-rise apartments with spectacular views to luxurious villas, and penthouses, Dubai offers luxurious housing options for everyone.
One of the other features of an opulent standard of living is access to amenities. From shopping outlets to souks and high-end fashion and apparel stores, the city offers something to suit the needs of individuals of varying budgets and lifestyles.
Lastly, Dubai is home to some of the finest restaurants and hotels in the world. The city’s fine dining options, exclusive clubs, and luxury hotels assert the city's exceptionally high living standard it offers.
When it comes to income tax for most employees, Dubai is a privileged tax system which is another benefit that most global economies do not offer to their citizens.
Moreover, businesses in Dubai are subject to a minimal amount of taxes which also makes it an attractive destination for investors.
Furthermore, the tax-free environment helps attract luxury shoppers and brands to Dubai, which makes it a luxury hub and a shopper's paradise. Tourists and residents of Dubai can enjoy a wide range of luxury goods and services without worrying about the excessive burden of hefty taxes and duties.
Dubai is home to a magnificent hospitality industry. It boasts numerous resorts, high-end hotels, and fine dining restaurants offering a level of service and luxury which is hard to find elsewhere.
Given its luxurious service, the hospitality industry in Dubai attracts travelers and tourists from around the world, which makes Dubai a hub for luxury seekers.
Dubai is the most preferred choice for tourists and professionals looking for a fascinating, high-profile luxurious event experience.
From hosting international sporting events to luxury exhibitions, summits, shows, concerts and theatricals, Dubai offers it all.
Apart from the high-end, high-profile events and exhibitions, Dubai also hosts a variety of events and programs for its local population, such as Global Village, which allows tourists and locals to interact with the Global culture and contribute to the perception of Dubai as a luxurious and vibrant destination.
Dubai is considered the hub for luxury for various reasons. From classic amenities that are hard to find elsewhere to the exceptional lifestyle the state offers, living in Dubai is undoubtedly synonymous with luxury living.
It’s one of the most exciting tourist destinations in the world and one of the finest places to live your dream life. Whether you’re a go-getter investor or a thrill-seeking risk-taker, Dubai offers endless opportunities for entertainment, adventure, and luxury.
If you’re planning to move to Dubai because it’s an attractive hub for luxury and a destination for entrepreneurs, connect with Capatt Services.
We provide step-by-step assistance to high-skilled individuals with entrepreneurship tendencies to start their businesses in the hub for luxury and live their dream life.
Connect with us today to schedule your call and plan your move.