Dubai's economy is characterized by globalization and diversification, with oil accounting for less than 1% of GDP. It is focused on attracting a variety of investments including robotics, AI, cryptocurrencies, and real estate. It is recognized as one of the top 10 fintech hubs in the world.
Dubai, one of the global financial centers, has been the preferred regional hub for some of the world's leading banking institutions including Barclays, Citibank, HSBC, and Standard Chartered.
They have 85 branches in Dubai, while credit card giants Visa and MasterCard are also headquartered in Dubai.
Dubai has one of the lowest tax rates compared to other countries or cities, with zero corporate tax, only 5% VAT, and no property tax, capital gains tax, property VAT or rental income tax.
Dubai's trade is also a major advantage.
According to trade figures for 2021, Dubai's total imports amount to approximately Dh1 trillion and re-exports total approximately Dh521.3 billion, with the share of re-export trade exceeding 50%, making it the third largest international re-export center in the world.
Dubai's real estate sector has been attracting investors' attention.
Data shows that Dubai's population will more than double in the next ten years, with huge demand for real estate.
Despite the impact of the epidemic, Dubai's housing prices are currently rising, with prices for high-end real estate projects increasing by nearly 40% and rental prices in some popular areas rising by more than 45%.
For many investors, the act of investing is also tied to the local educational resources.
Dubai has more than 60 world-renowned international university campuses and 176 international schools, all of which are taught in English and offer an authentic international atmosphere.
In addition, the cost of studying in Dubai is lower than that of European and American countries.
The typical cost of studying abroad is around Dh40,000 to Dh90,000 and living expenses are around Dh30,000 to Dh40,000 a year.
Postgraduate tuition fees are usually calculated on a full degree basis and cost between Dh60,000 and Dh100,000.
After the entire degree, it is almost half the cost of studying in the UK and the US, and as the safest city in the world, studying in Dubai is far safer than in Europe and the US.
Dubai's climate is also perfect.
Although it is a desert city, it is close to the ocean and the entire city is well supplied with air conditioning and cold air.
Whether indoors or on the beach, the body temperature is more suitable.
Dubai also has comprehensive medical care, with a direct 20% discount for medical treatment, and the epidemic is also actively responded to, achieving 100% vaccination of suitable people without closing the city.
So, no matter you study, live or work here, you will be able to adapt well.
