The standard of living in Dubai. Why you need to invest in Dubai real estate. Dubai is recognized as the best city to live and invest in. Get help in the selection of real estate in Dubai, UAE.
Dubai is one of the best cities on the planet. The title of the best (or one of the best) city is assigned on the basis of ratings, and the assessment of its areas, such as Palm Jumeirah and Dubai Hills, is carried out according to a whole set of criteria. For instance, houses in Palm Jumeirah reflect the luxury life of this emirate. Read in this article about the latest changes in the ranks of Dubai and why investing in UAE real estate is a good idea.
World Best Cities 2021 Study
Dubai has become one of the best cities for living, rest, business and investment. This is evidenced by the data of the latest study World Best City.
The company Resonance Consultancy is engaged in carrying out this analysis. The rating is compiled taking into account various criteria, including:
- Convenience of living;
- Level of communication with airports;
- Variety of entertainment industry;
- Salary level.
Dubai was in TOP-5 along with London, Paris, New York and Moscow. The report of the study says that the economic development of the emirate and its successful results in the fight against the coronavirus epidemic were taken into account. The diversity of impressions and opportunities of luxury shopping was taken into account, as well as the historical component — the magnificent Arab heritage. The report reports that Dubai has been able to turn from a place for the richest into an international destination for tourism and business.
Principles of World Best Cities 2021 Study
World Best Cities 2021 study refers to million-plus cities. When compiling the rating, the results of a survey of local residents are taken into account, as well as six large groups of criteria:
• Location;
* Amenities;
* Population;
* Prosperity;
* Entertainment industry;
* Promotion.
«Location». This group of criteria includes weather conditions, safety, availability of landscaping, as well as natural components. In the category of «Amenities», the availability of conference centers, cultural facilities, attractions, and the convenience of the location of airports were evaluated. The group of criteria «Population» assessed by the education of residents and the diversity of the national composition, and the ratio of income and the presence of unemployment fell into «Prosperity». Everything related to the accessibility of art, night rest, the restaurant sector and shopping turned out to be among the criteria of «Entertainment Industry». «Promotion» is everything related to mentions on the Internet: social networks, reviews, search queries, hashtags, and so on.
Dubai was awarded first place in two categories at once — «Place» and «Population».
Dubai is the best city for freelancers
Dubai has become one of the best places to live, but its high ranks do not end there. More recently, the city also received the title of one of the best places for freelancers and expats. According to the version of the aggregator Nestpick, the emirate won in three categories:
- Expenses and developed infrastructure;
- Law and freedom;
- Life is convenient.
The combination of these criteria has made the city one of the best options for moving and remote work.
Dubai is the best for investment
In addition to all of the above, Dubai also got into the top of the best cities in the world for investment. According to CBRE analytical bureau and Henley & Partners index, Dubai is among the top ten cities in the world where investing in real estate brings the greatest profit. What’s more, Dubai is one of the best solutions for wealthy citizens who want to invest in real estate and at the same time get a residence permit.
Another Dubai championship is the first place in the region in terms of competitiveness. In the global ratio, Center for Global Competitiveness puts Dubai in 9th place according to this criterion, which is also a high indicator.
Dubai is the best city of the best country
According to the latest research data from HSBC, the country has been ranked 4th in the world as one of the best places to live and work. By the way, last time the country took only the 14th place in a similar rating.
The UAE has risen in living standards. The country offers residents the best balance between life and work. According to this report, most expatriates assess the standard of living in the country positively. It is determined to improve their financial situation and life in general.
Switzerland took the first place in this rating in 2021. Australia and New Zealand were on the next lines. By the way, the countries located near the Persian Gulf also got into the top, but the UAE was ahead of it by a large margin: Bahrain is in 8th place, Qatar is in 10th.
Optimistic results of Expat Explorer 2021
In the latest study, most of the emigrants in the United Arab Emirates reported that they are optimistic about the future and believe that life in the country will normalize and stabilize within a year, despite the pandemic. This answer was given by 82% of respondents. This indicator is higher than the global value, which is at the level of 75%.
Besides, more than 50% of the surveyed emigrants in the UAE expect that their personal life and work balance will be restored.
According to Abdulfattah Sharaf, CEO of HSBC in the UAE, the country is becoming a priority among businessmen and high-level specialists due to the fact that the state is focused on introducing an innovative approach, developing infrastructure, improving the quality of life, and maintaining cultural and national diversity. The focus on inclusivity in all spheres also plays in favor of the UAE.
«The UAE’s entry into the TOP-5 best places to live and work becomes an inspiration and indicates the huge potential that drives the country’s economy», Sharaf reports.
When asked what prompted them to move to the Emirates, 56% of emigrants said they wanted to improve their earnings, and 49% said they wanted to advance their career.
About 43% indicated the high standard of living as the main reason for choosing the United Arab Emirates to move.
The study found that the standard of living in the UAE forces emigrants to stay even if they moved for a while.
Most of the emigrants in the UAE (86%) reported that their life in the UAE has become better than it was in their home country. Six out of ten emigrants reported that they plan to stay in the country precisely because of changes in the quality of life. Only a small number (11%) informed that the pandemic has made adjustments to their plans to stay in the UAE.
Our assistance in buying real estate in Dubai
If you find real estate in Dubai, follow the Ax Capital website. This is an agency with extensive experience that cooperates with foreign investors, offering favorable conditions. Contact the specialists and you will be sure that the option of an apartment, villa or townhouse that fully meets your expectations will be selected for you. To get advice and clarify the details, go to the official website: https://www.axcapital.ae/.
