The UAE’s impressive economic growth and overall stability make it one of the world’s most important and attractive global hubs for businesses today. The country, per the government, witnessed a 7.6 percent growth in 2022, while an international search firm noted in 2022 that the global commercial operations in the UAE grew in the last 36 months.
With Dubai Government targeting to double the size of its economy by 2031, it would not be a surprise to continue to witness an influx of international companies that want to capitalize on the growth potential of various local sectors, such as finance, tourism, healthcare, education, and commerce. These businesses will need world-class talents to be part of their corporate families and be their partners in their success.
As a result, expatriates are coming in droves. According to a recent report by HSBC, the UAE is the most sought-after destination for expatriates, with lifestyle, higher earnings, family stability, purchasing power, and sustainable living conditions being among the top reasons for relocating to the country. Executives and CEOs are among those who are looking at making the UAE their second home.
Other considerations not mentioned in the report include world-class infrastructure, cultural diversity, a safe community, tax-free salaries, and a high standard of living.
This trend will only gain momentum as the country continues to invest in infrastructure and technology, among other things, to maintain a conducive environment for both businesses and individuals to thrive. The nation will continue to be an exciting and vibrant place to live, owing to its diverse cultural landscape, stable economy, and investment in key sectors. Undoubtedly, it is poised for growth and development driven by the government’s ambitious plans and the wise leadership’s vision in the next 50 years and beyond.
In the UAE, most families and individuals who have relocated choose to settle in the country permanently. New hires are the majority in terms of relocations to the UAE, with companies operating in the country looking outside their geographic area when recruiting top talents.
Such a development has propelled the growth of the relocations industry as well, and we at Writer Relocations are at the forefront of helping businesses, including Fortune 500 companies, to efficiently relocate employees to find new homes, new communities, and new experiences.
As the UAE continues to invest in its future, its status as a global destination of choice for expatriates and as an international hub for businesses will only further grow and strengthen.