At the same time, Dubai offers an attractive quality of life and affordable living costs. The average cost of living in Dubai is much lower compared to most other major global cities. As a result, 63% of Dubai’s residents say they can easily afford their living expenses (source: Global Economic Monitor).
In the next five years, Dubai is expected to attract over 2 million new residents and will employ over 250,000 people. The demand for skilled talent in the emerging digital economy will be huge and the Emirate is already committed to attracting highly skilled professionals from around the world. According to a recent white paper by Bayt.com, in 2019, 4% of the professional profiles available in the UAE were filled by expats. This number is expected to grow significantly over the next five years as more and more international companies establish operations in the UAE.
Dubai has also been ranked the “best place to work in the Middle East” for three years in a row according to Glassdoor’s annual report. The city is home to many multinational companies including IBM, Emirates, Microsoft, Deloitte and many more. It is also a hub for start-ups and digital entrepreneurs. In 2020, the city will host Expo 2020, the largest World Expo in history with an expected audience of over 25 million visitors from around the world.
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