Why Set up Your
Business In Dubai

Dubai nurtures a thriving economy that includes a booming tourist industry, attracting interest and investments from all around the world. As a highly industrialised federation, the UAE boasts one of the most developed economies on the planet, reflected in its GDP per capita, ranking 5th in the world and 3rd in the Middle East, after Qatar and Kuwait. Just like in Dubai, property prices and rental values are set to skyrocket in many of the other Emirates, driven by dramatically increasing land costs. In Abu Dhabi this year, the cost has already risen by 75%, according to HSBC Middle East. Strong capital appreciation of an average 20-40% p.a. (depending on Emirate) is expected to continue for some years to come, in line with the UAE’s booming economic development and insatiable demand for new properties.

This, combined with rental yields of 6-10% p.a. is a recipe of success for astute investors. Today’s sophisticated investors expect to witness rapid and substantial price increases as property demand and construction costs continue to spiral ever upwards. The growth rate forecast for the UAE economy over the coming years is 13%, according to the Abu Dhabi Chamber of Commerce and Industry. The emirates have been liberalising their policies, encouraging foreign individuals and companies to invest and take part in this exciting growth process for many years.

The absence of taxes and a relatively low cost of living are clear incentives for investors, and draws many foreign companies to establish activities in the Emirates’ free zones and industrial cities. Top quality construction and facilities including state-of-the-art shopping and recreational complexes continue to draw discerning investors, home buyers and holidaymakers alike. Expatriate workers represent some 75% of the population.

They seek high quality accommodation on which to spend their tax-free earnings, with obvious positive effects upon the market. Infrastructure programmes are constantly underway maintaining the quality of all UAE services to the highest of international levels. The importance of tourism has grown rapidly, with luxury facilities, great weather and easy access attracting foreign visitors and accounting for 0.5% of total tourist demand worldwide.