Dubai economy is growing - Here is what you need to know - Blythe & Company

September 30, 2019by Blythe & Company13

Dubai economy has capitalised on a number of factors such as its geographical location, diversity and access to major markets which has helped the economy grow aggressively over a couple of years. Dubai is not just an international business destination but also top tourist hub for people willing to explore world class entertainment and Infrastructures. Dubai is well placed on the map with easy connectivity to Europe, Asia and America. The location has appealed to expats from every walk of life, as a result fostered Investments thereby increasing the country’s GDP.

Infrastructure is one of the reasons Dubai economy will continue to thrive.The city is home to the world tallest buildings, world largest man-made port which recently celebrated a milestone of handling 100th millionth container throughput in ten years. The Dubai airport is the world fastest growing airport with advanced technologies in place to facilitate airport traffic and ease of transit. Dubai International airport handled 89.1 million passengers in 2018 whom are mainly tourist and Investors.

The lack of Income tax has made Dubai appealing to expatriates from different countries. Also entrepreneurs and business owner can set up their companies in free zone which gives them the right to 100% ownership. Investors can also apply for renewable Investor’s visa which allows them stress free entry and exit to the country.

It is no news that Dubai is a smart city and technologically advanced. This has contributed to the safety of  resident and visitors, they enjoy maximum safety and security which also has a positive impact on Investments.

Dubai is blessed with a visionary leader and the political stability has boosted the economic growth. Since its formation in 1971, the UAE has been a successful constitutional monarchy and continues to be so.The opportunities to be part of the rapidly growing Dubai either by creating business or making Investments economy are endless and the time is NOW.


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