Dubai is a city of work opportunities and many people settle there to earn more and improve their standard of living. Work in Dubai means more money in one’s pocket. Several people often stay away from their families for a long period of time and save money in order to lead a better life back home. One of the most favourable environments in the business world is the emirate of Dubai. It is one of the most comfortable places in the Gulf region since the regime decided to move away from oil and establish economic diversification in the emirate. Dubai’s economy has grown rapidly in the past 30 years and will continue growing for the upcoming decades.
Dubai is a very attractive place for tourists due to its high quality of leisure facilities. Many consider Dubai’s leisure facilities to be among the best in the world, with approximately 50+ malls and shopping centres in a relatively small city of 1.5 million people. The crime rate is one of the lowest in the world, and the people are very tolerant of religions other than Islam. The emirate also has the only seven-star hotel in the world, a symbol of the steady growth in Dubai’s economy.
With the growth of tourism in the recent years, Dubai is a very foreigner-friendly environment. In addition to the constant flow of tourists, expatriates also make for over 70% of Dubai’s population count. English is the standard language within the business community, and the city has a lively scene with very few social barriers, making it easy for expatriates to fit in almost immediately. One of the major incentives for a career in Dubai is the possibility of higher salaries. Levying taxes against personal income from employment is against the law in Dubai, which translates to gross income going straight to the employee’s bank account. A 15% lump sum of your yearly salary is also paid on departure if you have worked for more than 2 years in the emirate. You may also qualify for the foreign earned income exclusion tax break if you’re a United States citizen, which excludes income up to $82,400 (plus any foreign housing amounts) from any taxes to the United States. Many choose to invest their extra income in property as foreigners have recently been allowed the right to purchase property (granting them resident status automatically), which makes for a great investment option as real estate prices are significantly increasing year by year. Many are drawn to the opportunity to work in Dubai simply because it provides the advantage of a new lifestyle and a chance to work on projects not available anywhere else in the world.
Experience abroad gives employees crucial transferable skills to fast track your career development. With the increasing presence of international companies (approximately 20 new companies are established every week), opportunities are lucrative and plentiful.
If you’re in or considering a career in hospitality, and examining your opportunities abroad, Dubai is an excellent option for you to keep in mind while making your plans.
As the leading regional trading hub, Dubai offers access to a market of outstanding potential for overseas companies in a wide range of sectors.
Among its key characteristics are:
- A large market: more than $17 billion in domestic imports annually; gateway to a $150 billion p.a. 2 billion population regional import market.
- A growing market: Dubai’s imports have more than doubled since 1989; regional economic growth and liberalization is set to boost demand.
- A prosperous market: strategic location at the heart of one of the world’s richest regions
- A diversified market: wide import requirements; opportunities for suppliers of most products.
- An accessible market: served by more than 170 shipping lines and 120 airlines
- An open market: no exchange controls, quotas or trade barriers.