Dubai has a 20-year track record of strong economic growth, infrastructure development and political stability. In the recent years, the city has been a continuous attraction for foreign investors. Once regarded as the business hub of Middle East, Dubai is now known as the international business, and re-export center. Also, the number of tourists coming to Dubai is increasing year by year. These are enough reasons to make one say that the city is emerging as a land of investment.
Over the past decade, Dubai has transformed into a global business center with lots of foreign companies launching their operations and opening their branch offices here. The attractive currency rate in U.A.E, the tax-free policy and low price of properties have attracted foreign investors from all over the world to Dubai. From a land of vast deserts and people making a living by dates farming, the city has changed into a thriving modern metropolis with strengths in technology, trade, service and manufacturing, fortifying the economy and bringing huge foreign investments.
The geographical proximity of the city combined with the talents and markets of the Middle East, Indian subcontinent, and northern and southern Africa complimented with the sophisticated infrastructure facility, Dubai is racing fast on the road to become a thriving business hub. As a tax-free port in the world, with no sales tax or income tax, Dubai has become an ideal and lucrative location for foreign investors to start their business or open a branch of their company.
Additionally, Dubai is now emerging as the biggest property market in the world. The tax free salary offered by companies in Dubai makes it affordable for the residents to stay in high-rent accommodations. Therefore, the boom of the property market may last for long and this will provide a lot of investment opportunities to foreigners.