Why entrepreneurs, families love Dubai

Dubai - Ease of doing business, political safety and security, availability of high-quality formal entertainment among key factors

Dubai has been ranked among the top five global cities favoured by entrepreneurs and families, according to a latest report by global real estate advisory firm Knight Frank.
Dubai offers more than required for businesses and families such as ease of doing business, tax-free environment, safety, security and high-quality lifestyle, among others.
"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," said Dana Salbak, associate partner and head of research at Knight Frank.
He added: "This is of course in addition to the tax-free environment and wide-spread of free-zones which facilities business and trading activities."
With Hong Kong and London leading the way, Dubai came in fourth in terms of importance to entrepreneurs, along with Geneva, Sydney and Vienna.
Dubai also ranked fifth with families following Luxembourg, Vienna, Hong Kong and Geneva, according to Knight Frank's report entitled "Global Lifestyle Review".
Salbak said: "Dubai caters to nearly all family priorities so it comes as no surprise that it's highly favourable."
"It provides good international-grade education systems, creates communities for like-minded people to interact 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."
The 'Global Lifestyle Review' assesses the most important lifestyle elements that individuals consider when relocating their businesses and families overseas. Factors ranged from cost of transport and distance to airport; to number of Michelin star restaurants and cost of beverages in 5 start hotels.
The report mentions cost of annual health care in Dubai at around $13,584, average cost of a litre at $0.46, 3,481 hours of sunshine per year, and 16 international schools within a 10 kilometres radius.
- abdulbasit@khaleejtimes.com