Back in Business: Dubai Returns With A New Attitude
Developments in Dubai slowed by the global financial crisis are starting to breathe a life again. In the past few weeks, it seems that Dubai is back in business. The new year has brought a level of optimism to Dubai’s economy which cannot be matched internationally. Both locals and expats are looking forward to planning a prosperous business future with an improved level of confidence. There is a new attitude as this jewel of an Emirate rejuvenates its presence in the world once again.
The hospitality demand has increased progressively with the introduction of new business zones such as Dubai Silicon Oasis, Dubai Investment Park, Dubai Academic City and the Dubai Outsource Zone. International companies continue to setup their businesses in Dubai, an indication of rising confidence in the region. This marks another epoch of Dubai which has remained the business hub of the Middle East.
The current news states that new businesses are flocking again to Dubai and are ready to establish their presence in the city’s local and global market. Companies based in North Africa are moving here and others from elsewhere in the world are strengthening their local branches in the Emirate. Costly business setup is now over and local property rates (both commercial and residential) have reduced significantly putting Dubai’s real estate market back into business.
The general view of both Sheikh Mohammed, the founder of Dubai as a global business hub, and its residents is that nothing is impossible. Dubai has become, and will remain a world-class capital as this metropolitan continues to offer an extensive range of attractions to serve its local and expat communities. Financial and economic growth is resulting in relenting improvements in the city’s infrastructure sector. Dubai’s road network is ready to embrace increases in population and the latest development: the Dubai Metro, is now fully operational with its exceptional feeder bus system. This comes hand in hand with an internationally renowned public transport network which enables the local population to easily navigate the city easily, safely and cheaply.
So for international companies looking to setup their new office in the Middle East, Dubai should be a top choice. Despite the huge blow that Dubai’s economy has suffered at the hands of Dubai World, Dubai has maintained its high position in the region with its strategic location in the very heart of the Middle East and North Africa. World-class transportation links are available and there are just few cities in the world with several direct flight options like in Dubai. As businesses become increasingly reliant on international relations and a global network of commercial relationships, it is crucial that companies consider where they are based.
The opening of cargo flights in Al Maktoum International Airport in June will surely be another great deal for business in Dubai as it will provide excellent facilities for low-cost carriers establishing hubs in the business capital. While Al Maktoum International Airport is located away from the heart of the Old Dubai, it is readily accessible to the UAE’s capital, Abu Dhabi, and the rest of the northern emirates via the new bypass that will open shortly.
Burj Al Arab’s presence in Dubai has played an important role in the local tourism sector and with the completion of the Burj Khalifa, the world’s tallest residential and commercial structure, the world-class charisma of Dubai remains as strong as ever. As the good news continues, the affordability of Dubai now adds to its popularity where thousands of expats looking to work and live in this beautiful city can enjoy all that it has to offer. With no income tax, a buzzing social scene and an excellent lifestyle for families with children of all ages, Dubai is now a promising destination for expats who are in search of rewarding employment overseas.
This article was provided by Sentinel Business Centres – Dubai. To find out more about virtual offices, please go to: http://www.sentinelbusinesscentres.com/virtual_office.php/
