Dubai among the best cities for entrepreneurs, families
Dubai is the most favoured destination in the Middle East and the fourth globally for entrepreneurs, according to a real estate advisory firm Knight Frank.
In its latest report titled Global lifestyle Review, the consultancy Dubai was ranked after Hong Kong and London and along with Geneva, Sydney and Vienna.
The report studied the most important lifestyle elements that individuals consider when relocating their businesses and families overseas. Factors ranged from cost of transport and distance to airport and the number of Michelin star restaurants as well as cost of beverages in 5 start hotels among many others.
“Businesses and young entrepreneurs are focused on the ease of doing business, political safety and security, availability of high-quality formal entertainment such as fine dining, all of which Dubai offers, so it’s natural to see clients motivated and drawn to the city. This is of course in addition to the tax-free environment and wide-spread of free-zones which facilities business and trading activities,” says Dana Salbak, Associate Partner and Head of Research at Knight Frank.
Dubai also came at the fifth preferred city for families following Luxembourg, Vienna, Hong Kong and Geneva.
“Dubai caters to nearly all family priorities so it comes as no surprise that it’s highly favourable. It provides good international-grade education systems, creates communities for like-minded people to interact and offers a variety of family-friendly activities, most of which can be enjoyed with 365 days of sunshine. This is in addition to personal security and safety,” adds Salbak.