Dubai Rated Top City in the World for Remote Workers
August 18, 2023
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NEWS & ARTICLES
Why did Dubai surpass Lisbon?
According to the expert, the answer is simply rotating around the fact that Dubai ticks all of the boxes for Remote workers.
Dubai Airport providing great connectivity with the world.
Internet speed
Quality of life
Climate
Prime Residential Market
Other factors that have allowed the city to reach the first position are linked to the Dubai’s fast-growing economy in certain sectors.
In-fact, FinTech and financial services, that have Remote Workers as the majority of their workforce, have been flourishing in the city. This is also thanks to a tax-free environment and high quality of life. Great magnet for this category of workers.
Most of the remote workers are the so called "Dinkies" (Dual-income, No-kids) who have chosen Dubai amongst the many cities in the world.
Dinkies or single workers of these sectors are mostly seen in Dubai, especially in areas like Downtown, Business Bay, Dubai Marina and Jumeirah Village Circle (JVC).
All of which are areas that are close to the Dubai's financial and Internet hubs, but also in proximity of the Dubai luxurious lifestyle.
This massive influx of Nomad Workers is bringing co-working spaces to operate at 100% occupancy and with costs that are not as affordable.
Therefore, many are opting for residential solutions that promote co-working spaces within their building.
These buildings are built with shared working spaces, cafes by the pool, internet provided in the common areas, meeting and conference rooms. Perfect for those who want to combine lifestyle and working. While being close to the city and ready for an in-person meeting that could arise out of the blue.
In conclusion, Dubai is not only setting itself as a great touristic attraction during our mild winter season.
Business is flourishing, new initiatives are continuously launched, and more and more people are choosing Dubai as their city of choice.
This means that investors have a great opportunity to grab a piece of the real estate market by choosing something that is in massive demand now with a lack of supply in the market.
Thus, ensuring not only great ROI, but also capital appreciation of the property purchased in a tax-free country.
Get in contact to have a tailored made offer or simply to discuss the market trend.