If you’re asking why is Dubai the number one city in the UAE? Here is the answer! Dubai is the largest and most popular city in the UAE and is considered one of the fastest-growing global cities in the world. It offers high-class infrastructure and high quality lifestyle. Unlike other cities around the world, Dubai is a tax-free city that does not impose taxes on anyone who is employed, running his own business, or investing in real estate. In addition, Dubai is known for its top healthcare services, educational facilities, and provides many attractive job opportunities with high salaries. You will find private and international schools that offer British and American Curricula for your children. You will also live in a safe environment as the crime rate in the city is relatively low.
Besides that, Dubai has many popular and attractive areas among residents and foreigners, including Business Bay, Dubai Marina, Dubailand, Downtown Dubai, and Palm Jumeirah. All these areas are known for some of the world’s top landmarks, historical places, and luxurious hotels that attract many tourists. When in Dubai one can enjoy their time on a desert safari, go shopping at Dubai Mall, the largest shopping mall in Dubai, or visit Burj Khalifa, the tallest building in the world.
As Dubai developed into a global hub for business, it became a major attraction point for foreigners and investors to relocate to and invest in. And as a way of further encouraging foreign investment and boosting the real estate market, Dubai decided to specify various areas in the city as “Freehold Areas” where foreigners can fully own a property, benefit from the tax-free system, and obtain a UAE residency visa.
Another boom that affected the real estate market is Expo 2020 which recently took place in Dubai. During this global event which hosted and welcomed people from all over the world, Dubai witnessed an immense increase in commercial development, in addition to residential investment which has had a noticeable effect on the country’s economy and real estate market.