Due to its favorable tax policies, rich culture, and growing economic climate, Dubai was already a popular relocation destination. Dubai has drawn a large number of expats from all over the world, particularly from the Middle East, South Asia, and Africa. The city has contemporary infrastructure, excellent healthcare and education systems, and a thriving nightlife. Dubai is also well-known for its luxury shopping malls, iconic buildings such as the Burj Khalifa and the Palm Jumeirah, and its beautiful beaches.
Dubai has emerged as one among the top three places to relocate, bagging the third spot, according to a study. “If you are planning to uproot to, or even just visit one of our recommendations for your next trip, make sure you have taken out the appropriate travel insurance prior to your departure, to cover you and your belongings for all eventualities,” Compare Market’s digital PR manager Hannah Norton said.
The rankings were based on nine factors. These include:
- Unemployment rate (%)
- Monthly salary after tax
- Mortgage interest rate (%)
- Monthly living costs
- Crime rates
- Healthcare quality
- Number of attractions
- Social media posts
- Flood risk
The rankings placed Singapore at the top spot, followed by Tokyo and then Dubai. The report also showed Taipei as the most affordable coastal city to live in due to its lowest average monthly living costs in the top 10.
Based on this, Dubai had a mortgage interest rate of 4.5 percent with monthly salary after tax totaling up to $4680.28 as living costs amount to $991.35 on average. The emirate is also home to 3681 attractions despite the biggest flood risk at over 20 percent.
According to the most recent data conducted by comparethemarket.com.au, Dubai is a top worldwide location to relocate to. It has risen through the ranks to become one of the top three relocation destinations, and there are numerous reasons why individuals are choosing to relocate here. In recent years, the emirate has witnessed fast economic expansion, which is evident in its high employment rate. Employment in Dubai pay well, with an average monthly wage after taxes of roughly $4680.28, making it one of the highest paying cities in the world.
This, combined with its low mortgage interest rate of 4.5 percent, allows for inexpensive living expenditures – an average of $991.35 per month – making it an appealing option for individuals wishing to migrate on a budget. Dubai prioritizes safety, and crime rates remain low throughout the city, which is another lure for individuals seeking peace of mind while relocating abroad. The healthcare system in this city is also well-regarded, since it provides inhabitants with access to a wide range of medical services at reasonable prices, allowing them to seek quality care when needed without breaking the bank.
A multitude of attractions available across Dubai’s enormous geography, from retail malls and theme parks to more cultural places such as museums and art galleries, is another inducement for possible relocators; there are more than 3681 attractions waiting for visitors all across town. Last but not least, the social media buzz surrounding Dubai remains extremely good; with so much going on and so much scope for discovery, visitors tend to be nothing short of ecstatic about their experiences.
It is important to note, however, that the decision to relocate to a new place is a personal one, and individuals should carefully examine their personal and professional goals before embarking on such a huge journey. With its robust economy, plentiful job possibilities, and broad range of activities, not to mention its year-round sunny weather, it’s no surprise that Dubai has earned a spot among the top three places in which to live permanently or temporarily. Thus, if you’re thinking about relocating, you should really explore this Middle Eastern paradise; we believe you won’t be disappointed with what you find!
