High vaccination rates and zero taxes are the main factors
The Wall Street Journal: Dubai is the world's favorite city for investors and tourists
Thousands of millionaires have moved to Dubai this year.
From the source
The “Wall Street Journal” reported that “Dubai, a thriving city teeming with high modern buildings and attractive beaches on the Arabian Gulf, is attracting entrepreneurs, tourists and investors thanks to its open border policies, high levels of vaccination against “Covid-19”, and rates The low incidence of this epidemic this year.”
And the newspaper added that thousands of millionaires moved to this city and to the Emirates in general, after they were attracted by the zero income tax and the relatively relaxed epidemic restrictions. Shops, restaurants and hotels in the city are crowded with visitors, which made real estate prices rise to record levels, employees returned to their offices, and the Expo 2020 International attracted a large number of foreign tourists. Even with the emergence of the Omicron variable and the imposition of strict restrictions around the world, Dubai has doubled the pace of an open economy that welcomes an international workforce that is moving there easily and increasingly, according to the newspaper. She added, "On Tuesday, the UAE announced that it would adopt weekdays from Monday until Friday, with disruptions on Saturday and Sunday, which is the latest change aimed at attracting more foreign companies."
And the newspaper pointed out that some new residents in Dubai say they view the emirate as a haven that differs from other cities of a cosmopolitan nature, as quarantine restrictions in Singapore are still imposed for most travelers, Hong Kong is experiencing political turmoil, and repeated “Covid-19” waves are shaking capitals. Europe, while New York combats the spread of crime.
She added that Dubai and the United Arab Emirates have issued new laws in recent years aimed at strengthening their position among the countries of the world, and among these measures are issuing a new 10-year residence visa, and drafting laws that encourage foreigners to own companies.
The newspaper concluded by saying that the daily cases of "Covid-19" have receded in the United Arab Emirates, to less than 100 cases weeks ago, after it reached nearly 4000 cases during the month of January.
Health officials acknowledge that the vaccination rate has reached 90%, which is one of the highest rates in the world, and there is compliance with decisions to wear masks indoors, and in some crowded outdoor places.
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