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The Place
Located in the south of the Persian Gulf on the Arabian Peninsula, Dubai is home
to the largest population of all the emirates. With its unique combination of flat
sandy desert and picturesque mountains surrounding this city, plus the widespread
use of English as a preferred language, Dubai is not only a hugely popular tourist
destination, but also a favourite location for expats.
The second largest emirate has emerged as the business hub of the UAE, with business
emanating not only from the oil rich territory but also from tourism, real estate
and financial services. Dubai has become the destination for the fastest, biggest,
tallest, largest and highest – a prime example being the tallest building in the
world, the Burj Khalifa, which resides as the masterpiece of the city.
The Economy
With one of the highest per capita incomes in the world, and no income or capital
gains tax, Dubai has a formidable economy on which to base its variety of businesses.
Whilst the oil industry was the foundation of Dubai’s economy, revenues from oil
and natural gas currently contribute less than 6% of the emirate’s total revenues
– in fact, real estate, construction, trade and financial services are far more
key players towards the economy.
Dubai is also a centre for information technology and finance industries: there
are several industry-specific zones to accommodate them, such as Dubai Internet
City and Dubai Media City, which are home to major firms such as IBM, Microsoft,
CNN, Reuters and Sky News, amongst many others.
The Lifestyle
Dubai offers a lifestyle like no other, with a unique heritage, safe environment,
tropical climate, vibrant nightlife, sandy beaches and countless leisure activities
for all tastes, making tourism a prominent venture here.
Despite religious beliefs directing the rest of the emirates towards a more sedated
way of life, by contrast Dubai stands out as an extraordinarily vibrant and diverse
culture, whilst still keeping to the rich traditions of the UAE in general.
There are areas of Dubai that are very heavily anglicised simply due to the large
British expatriate population, with Western food, clothing, language and etiquette
merging with the traditional Arabic equivalents, creating a kaleidoscope of cultures
in one city.
Meanwhile, there is rarely a shortage of entertainment and sporting events to attend
in Dubai, with many major music performers and film and music festivals being commonplace
in events listings.
The Prospects
With the booming economy in Dubai combined with the many industrial zones that give
priority to financial and retail industries, there is no shortage of opportunities
for those who wish to embark on a financial career in this exciting environment.
Meanwhile, the anglicised areas and culture of the city heavily attracts not only
tourists but also a huge number of British expatriates who choose the location for
its diversity, yet familiarity.
With The deVere Group, as an international financial advisor in Dubai you can expect
to enjoy not only an executive lifestyle and expansive opportunities to do business,
but also the experience of living in one of the more vibrant and exciting parts
of the world.
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