Dubai is in the top five of global cities, according to Knight Frank's Global Lifestyle Review, which assesses the most important lifestyle elements that individuals consider when relocating their businesses and families overseas.
With Hong Kong and London leading the way, Dubai came in fourth in terms of importance to entrepreneurs, along with Geneva, Sydney and Vienna. Factors ranged from cost of transport and distance to airport; to number of Michelin star restaurants and cost of beverages in five-star hotels.
Dana Salbak, Associate Partner and Head of Research at Knight Frank said: "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.’
Dubai also ranked fifth with families following Luxembourg, Vienna, Hong Kong and Geneva.
Salbak added: "Dubai caters to nearly all family priorities so it comes as no surprise that it’s highly favorable. It provides good international-grade education systems, creates communities for like-minded people to interact (such as AlSerkal Avenue for arts and culture), 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."
Read the July 2016 issue of Business Review Middle East magazine