Dubai-the Business Center of Middle East

27 Mar

Dubai the second largest UAE Emirate is recognized as business, travel and tourism hub of Middle East. Boosted up from small fishing and trading community, strategic efforts have enabled this city to build its image as trade center on international levels. According to Master Card World Wide Annual Global Destination Cities Index, Dubai ranked on ninth position among top ten for year 2011, eight for 2012 and seventh position for 2013. This clearly shows that the emirate has been continuously improving its position. The city has shown unmatched progress in short period of time. Today, the city is globally known as alluring destination for travel and business.

 

Due to multicultural environment of this city, the corporate environment is also unique. The metropolis city display rich combination of Emirati heritage, Arabic life, Western sincerity and ambition of Asian people. The cosmopolitan environment is attracting expats across the world to settle down to work and invest in the city. The tax-free lifestyle and penalty free currency conversion of earnings facilitate foreign entrepreneurs and investors while establishing their business in Dubai. Being located on the crossroads of Asia, Europe and Africa, the Emirate executes the role of perfect gateway between East and West. The unique centralized time zone efficiently combines the East and West business hours while its geographical location made it easily accessible destination. It is well connected with all major countries and cities across the world.

 

Legal frame work and Company Law

With aim to facilitate businessmen in every possible way, State Government has been working to improve investment laws, regulatory laws and incentive policies. Implementation of freehold ownership law for land and stocks is the major effort in this scenario. UAE Federal Cabinet has also implemented a new company law to reduce the time frame of establishing a company. The new legislation allows foreigners to hold 49% ownership in the firm they are investing. Later implementation of other FDI laws further facilitated foreign investors to make investments in the city. Separate resolution is available for different business types.

 

Easy Financing

In contrast to local industrialists, foreign entrepreneurs can easily obtain bank loans from UAE banks with variety of financial products and other services. Besides this, the low cost of taking loans also allure foreign companies willing to expand their operations in Middle East. Emirate welcomes small and medium enterprises. A governmental agency, SME which is operated under the Dubai Department of Economic Development (DED) has developed several financial and non financial programs to support small entrepreneurs to obtain bank loans.

 


Governmental efforts to foster Investments

State Government is taking every possible step to diversify city economy in to knowledge-based economy to perk up business environment to increase productivity. DED and associated agencies are making policies and plans after analyzing and identifying important trade sectors. Their major aim is to attract new foreign investments while proffering aftercare support to facilitate existing investors. Their aim is to improve the overall investment scene and enterprise sector in the city. Dubai FDI is the leading agency of DED which guides new investors throughout the whole process of investment. The guide line includes suitable advices about location, legal frame work structure suitable for specific business type. The agency also helps established companies to expand their setup further.

 

Free zones and zero corporate taxes make Dubai an open trading hub

 

Free zones in Dubai, zero corporate and capital taxes have made this city a heaven for foreign investors. It’s enchanting to own an office with complete ownership rights in the hub city like Dubai. Zero income taxes for companies located in mainland and free zone is a big incentive for entrepreneurs. Only 10 percent of annual property rental value tax is paid by all business properties as municipal tax. Further, the duty free exchange of goods with average tariff of just 4 percent made this city and open trading hub. The foreign labour policy also allows private sectors to hire expat workers across the world at competitive wages.

 

Strategic efforts and implementation of new laws have played great role to promote city image as regional business center. Depending on your company type, you can choose mainland or free zone to setup your organization.

Dubai to become a lucrative global Event destination with E-licensing and ticketing

19 Mar

Offering state of the art amenities and well constructed exhibition sites, Dubai has not only been recognized as the regional event hub of MENASA, rather it going to be listed itself in the list of top international event destination. Having considered the importance of events and exhibition to foster emirate economy, travel and tourism, Vice President of UAE, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, and Prime Minister and Ruler of Dubai have issued a Decree No.25 of 2013. The Decree is about integrating complete e-licensing and ticketing system for all events in the city. Being nominated for World Leading Destination in World Travel Awards, 2013 and winning bid to host Expo 2020 have doubled the allure of Dubai as lucrative event destination among event organizers. Considering the eagerness of event organizers, State Government has worked with emirate leading bodies like DTCM and its partners Convention and Events Bureau, Dubai Calendar, and Dubai Festivals and Retail Establishment (formerly known as Dubai Events and Promotions Establishment) to foster event and festivals in the city.

Primary of new Decree No.25

The primary aim behind these efforts is to support and develop, event sector and enable it to contribute at maximum levels to progress tourism and economical conditions in the city. Department of Tourism and Commerce Marketing discussed the complete strategy at Host Cities Conference. The new strategy defined that only combined efforts of Government and Private sector will enable to achieve target of becoming global event destination. For practical implementation of online licensing and ticketing system, DTCM will be playing leading role in developing detail procedure of application, processing and licensing for participants willing to take part in an event. A centralized platform will also be included to sell and distribute tickets for all Dubai events.

DTCM work plan

In order to create a smooth online licensing system, DTCM will review current legislation, rule and procedures of licensing and ticketing of events in the city to efficiently formulate the online licensing system. DTCM will coordinate with all concerned government entities and utilize all findings to establish a perfect system. The system will not only benefit event organizers rather it also facilitate responsible government entities to issue permits and licenses more efficiently saving time and reducing errors. The system will have its complete and comprehensive database of all events held in Dubai. The centralized ticketing system will allow summing up event related issues like ticketing, collection of ticketing fee and ticket distribution on single platform. Furthermore, complete information about the event venue and existing ticketing outlets. Support services are also provided for consumer applying to obtain tickets. In addition to serving event participants and visitors, hotels tour operators, travel agents, air lines and other ticket collectors are allowed to subscribe online ticketing system. Such subscribers could play great role to market events while serving as distribution channel for event organizers.

The fully integrated event licensing and ticketing system will simplify the whole process of staging events in Dubai from promotion to selling. With aim to position this emirate as world leading tourism destination and commercial hub, DTCM is planning, supervising and developing strategies to progress tourism and event sector in the city. Their major aim is to increase the awareness of international audience about Dubai as global hub for events, travel and tourism. This will attract more serious investors towards Middle East across the world.

Dubai world’s best holiday rental destination for year 2014

13 Mar

After evaluating booking enquiries and booking trends of holiday rentals, Dubai has won the top position among holiday destinations. Experts believed that extensive and rapidly expanding network of Dubai Emirates airline has made Dubai travel easier and cheaper. Being the regional hub for business, trade and travel, Dubai has been receiving foreign entrepreneurs and travelers across the world. Developers have constructed commercial and residential developments to execute business and accommodation needs of travelers. Besides this, the city also proffers entertainment and leisure opportunities to entertain visitors.

Millions of visitors visit Dubai every year for different reasons. Although, the emirate is world renowned for its luxury hotels and resorts that are even expensive sometimes. City possesses several affordable accommodation options for visitors. Irrespective to their luxury standards, these short stays are known as holiday rentals in Dubai that can be rented on different rents. You can find suitable living space according to your budget. Common holiday rentals in Dubai are hotels, resorts, villas, Dubai apartments including serviced, studios and hotel apartments. These short term rentals are ideal for everyone living and visiting Dubai for few days to few weeks or months. Travelers can rent anyone of them after considering what will best execute their needs.

Entertainment and attractions

In addition to accommodation, other things making Dubai best holiday rental hotspot are year round sunshine, warm winters, clear blue waters, golden sand dunes and white sandy beaches. However, the city has boosted its infrastructure and commercial and residential real estate projects; you can find nature and wild life sanctuary in the city. Adventure seekers and holiday makers not only enjoy visiting purposefully constructed leisure and entertainment spots in the city rather they can also enjoy outdoor adventure trips under the sky on Arabian desert and seas.

The city welcomes everyone, even those who don’t have huge holiday budget. There are number of things to do for free. A simple road trip and walk on Dubai Marina and kite surfing on the beach and visit to traditional souks are few activities budget travelers can enjoy du ring the trip without spending a lot. Even you can also find free accommodation via couchsurfing community in Dubai. Moreover, studios, hotel apartments and villas are few budget accommodation options available for travelers among range of Dubai properties for rent.

Choosing any of them holiday rentals proffer many advantages for reenters. Like low cost accommodation without compromising on quality and life style amenities. Further, occupant will enjoy more privacy and space as compared expensive hotels and resorts.

Dubai Tourism Vision for 2020

26 Feb

Being the major contributor in country GDP, tourism has been the major industry in Dubai. Having considered the economic importance of travel and tourism industry, UAE has been trekking hard to gain prominent position on international levels. To some extent the country has achieved this aim that can be seen from significantly risen number of visitors coming every year. Especially Dubai had successfully double the number of travelers from only five million per year to ten million travelers per year during the past eight years.  After becoming the regional travel and tourism hub, emirate is struggling to become global hub for travel and tourism.

In order to achieve this target, State Government is working in collaboration with DTCM (Department of Tourism and Commerce Marketing) and developers to provide high end services and excellent accommodation, transportation and lifestyle amenities.  His Highness Shaikh Mohammad bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has declared the Dubai tourism vision for year 2020. According to that city will work to double the total number of visitors to 20 million per year by 2020. This will eventually increase the percentage of contribution of travel in the economy and GDP.

Essential steps for achieving Dubai Tourism Vision for 2020             

Despite Dubai has boosted up itself magnificently. After completing mega infrastructure, real estate, entertainment and retail projects, the emirate has successfully got itself recognized among the modern and well developed emirates. To attract tourists and holiday makers, State Government worked in collaboration with developers and investors to construct theme parks, shopping malls, entertainment spots, holidaying resorts, hotels and sporting clubs.  Currently the entertainment spots in the city are capable to provide fun and entertainment for all age group from toddlers and teens to young adults and aged tourists.  To further engage visitors, DTCM also paid special attention to held events and festivals to allure holidaymakers and tourists throughout the year.  The city has gained the status of regional event destination with future aim to become the global event destination. The recent winning bid to host an international event of World EXPO 2020 is the part of Emirate strategy to become the global hub of events.

However, nations have to strive hard and display great motivation to achieve such high goals, it is also important to realize importance of goals for whole nation and country economy.Dubai has great potential to achieve such ambitious goals.


DTCM decided to work on three main areas to achieve targets for 2020

DTCM has identified three key areas to work on to further improve travel and tourism in the region.

  • Despite already being the family friendly destination on regional levels, UAE have to work further to improve its status to become the global family destination.  Public sectors are needed to work on projects to add and expand existing attractions, events and experiences to fulfill holidaying needs of families.
  • Secondly, the emirate is required to pay prompt attention to foster emirate image as a global event destination. Having considered the importance of events Dubai Events and Promotions Establishment (DEPE) and DTCM integrated to work together to improve Emirates status as event destination.  DTCM is also working with EXPO 2020 team to encourage Dubai to successfully host the event.
  • Third key factor that is required to be addressed is to enhance city’s image as a business destination. Government has to make flexible business and trade policies to attract foreign investors and entrepreneurs. This will greatly improve business tourism in the region.

Being the broad service sector, tourism needs support of other sectors like real estate and retail sectors. Developing new attractions, holiday spots, short stays and shopping outlets help tourism sector to achieve their goals.  Completing new tourism projects will efficiently enable this city to achieve targets decided in Dubai tourism vision for 2020.

Global Village-Dubai leading cultural attraction

11 Feb

Global Village is recognized as the largest cultural attraction in the region that has the capability to attract tourists across the world. The event is being continuously celebrated since 1996. Initially the event was started on Creek Side opposite to Dubai Municipality later it was shifted to Oud Metha Area near Wadi City for 5 years. In year 2005 the setup finally shifted to Dubailand. Spreading over the total area of 17,200,000 sq ft, the event destination is now capable to provide entertainment, dining and shopping opportunities for whole family. Entertainment activities comprise of funfairs, theme parks, street shows, fire show, dance performances, food court and shopping stalls.

Global Village-2013-2014

Despite offering traditional fun, entertainment, shopping and leisure activities, new activities and attractions have been introduced every year to entertain every visitor, whether they have previously visited the event or its first time they are visiting first time. Further, new countries are also always hailed to participate in the event For year 2013-2014 season Germany, Italy and France have joined to participate in the event fist time. Since its beginning in 1996, the event has observed significant rises in the total number of visitors and number of countries participated in the event.

Entertainment at Global Village

Major entertainment activities visitors can enjoy at the event include pavilion shows, global village shows, shopping and food. This year new activities have been included to double the fun and entertainment. Based on the concept of island funfair, Fantasy Island is the largest development that has been shaped after considering children and families. Visitors can enjoy around 36 new rides. Mellers Event Group, a UK based firm has got the privilege to introduce this kind of entertainment in UAE. Moreover, circus artistes from China and street performers from UK have become the part of this event. You can also enjoy traditional firework and other colourful cultural programs. Kids will love enjoying entertainment programs like Moshi Monster, Fairy Tales on Ice about Aladdin, Snow White and Pinocchio. Pavilion show is very interesting segment that allows participating countries to showcase their culture and heritage via local dance and music shows in an interesting manner which let visitors to explore country’s traditions. These shows have been repeated several times in a day on different timings. Additionally, visitors could not ignore the purposefully designed entrance gates of Dubai Global Village, which are efficiently reflecting the rich culture and heritage of the Egypt and UK.

Dining and Shopping at Global Village

With more than 25 restaurants, the destination is capable to offer real treat for its visitors. Delicious food recipes across the world have been served in food court at Global Village Dubai. The newly created “Thai Food Court” proffer comfortable dining area for visitors. Previously food had been served in pavilions and area restaurants located around. Visitors can help eating yummy dishes like Turkish Baked Potato, Thai fruits, Karak Chai, Mexican Shawarma, Gozleme, Dutch Mini-pancake. Other than this, Pad Thai Noodles and Green Curry are the specialties of Thai Food Court. Despite eating world cuisines at one place, visitors get a chance to shop anything across the world at one place. They can buy what they like while visiting pavilion section of different countries, who have been participating in the event. You can find almost everything from spices, perfumes, fabrics, jewelry, handcrafts, home accessories, clothing and complete fashion accessories from countries like Yemen, Spain, India and Turkey.

In short, Global Village Dubai has been playing major role to boost up tourism in Dubai since its inception. It has become the largest cultural extravaganza in the region. After observing the interest of participating countries and international visitors, the event has been recognized as an international event.

Dubai an Emerging Destinations in International Incentive Travel Market

4 Feb

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Being recognized as business and trade hub in the region of Middle East, Dubai has also earned the status of world’s most exotic travel destination of Arabian Gulf region. Cosmopolitan environment, western life style amenities and traditions of east are making Dubai very captivating among travelers, second home seekers and business travelers.  Perfect location at the cross-roads of Asia, Europe and Africa enable this Emirate to execute the role inter-continental transit center.  The city is well connected with major countries across the globe; more than 135 air lines have been operated from the city and connect Dubai with 210 destinations across the globe.  Furthermore, direct flights to major cities like European capitals, New York, Houston, Atlanta and Toronto have made this Emirate a perfect meeting point.

Why Dubai is the perfect travel destination?

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Dubai Department of Tourism and Commerce has been taking every possible step to make it a dream destination for everyone. Governmental authorities, developers and investors have been collectively making efforts to equip this city with ultra modern infrastructure, technical facilities and luxury real estate developments in residential, commercial and retail sectors to improve standard of living. Their aim is to transform Dubai’s image beyond the business and trade hub.  The negligible crime rate, stable political conditions and progressing economy have made this city a perfect destination for business travelers, tourists and holiday makers.  To meet the diverse needs of its travelers, city has everything from luxury accommodation, dynamic business facilities and modern shopping and entertainment facilities. What makes Dubai unique is its innate love to its history. Despite acquiring modern lifestyle and latest trends in construction, Emiratis did not destroy their heritage. Visitors can easily find traditional wind tower houses and old souks along with super tall sky scrapers, five star hotels and luxury shopping malls, and rolling sand dunes with championship grass golf courses.

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Dubai as an emerging Incentive travel destination

Incentive travel is a holiday trip paid by company. Organizations have been arranging such trips to compensate their employees by sending them to an unforgettable trip.  The primary aim behind such trips is to encourage employees on achieving targets and company goals and to further boost up their energy.  The best thing about incentive travel is that it’s a pleasant surprise for the employees as everything from travel expenses to the destination is decided by the company. In order to double the pleasure and joy, companies always prefer choosing unique destinations for incentive travels.  It has been observed that mostly modern cities are most preferred incentive travel destinations.

Dubai has already got itself recognized as holiday destination. During the recent years Dubai has established its image as an emerging destination in incentive travel market. From location and accommodation to holiday and shopping treats, city possess everything to Dubai is capable to smartly fit in to the profile of incentive travel destination.  As the city offers number of exotic indoor and outdoor entertainment activities, with professional tour management services and quality short stay accommodation for tourists. Comforts of Western world and Arab adventures are the things what Dubai has to offer for holiday makers.  Dubai has not limited itself to be business destination only rather it has expanded its vision to be an enchanting holiday spot for everyone. The white sandy beaches, year round sunshine, great historic sites, lavishing shopping malls, breath taking adventure trips and lush green golf courses mesmerize visitors. Whereas friendly people always give a warm welcome to their guests.

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Having considered the excitement, entertainment and thrill Dubai has to offer for tourists, most of the European, Asian and even Middle Eastern countries consider choosing Dubai for incentive travel trips. Dubai is no more remain popular for real estate developments only rather it has boosted itself to be the most modern destination for travel and international events. Recently the successful bid to host the EXPO 2020 has enormously boosted up Dubai‘s status on international level. It could be the best choice for those organizations that are looking for a perfect incentive travel destination at reasonable expenses.

Dubai a lucrative destination for job seekers

22 Jan

After facing three years of consecutive downfall Dubai started regaining its momentum during the fourth quarter of year 2011 that continues in 2012. Finally in year 2013, emirate completely recovered and almost all sectors started showing best performance. Number of job opportunities evolved and job seekers started consider choosing Dubai as their destination to find job. Especially, skilled professionals can easily get job here. You may find job from managerial level to clerk and labor according to your skill set.

Employment outlook in Dubai

Developers, investors and State government had worked hard in collaboration to recognize as the business and financial hub in the region of Middle East. Their continuous struggle enables Dubai to get it listed among top global destinations for finding better employment. If you survey different business sectors and organizations, you will find that huge percentage of employees belong to different countries across the world. It is difficult for any government to manage employee related issues quickly. Having considered this issue, UAE government have made simple polices to manage employee and employers issues efficiently. Recruitment analysts have predicted that the hub city of GCC countries has strong potential for becoming an attractive destination for talented individuals who are looking to explore good career opportunities.

Why Dubai is a heaven for job seekers?

Zero taxes on income are that have made Dubai a heaven for job seekers. Whereas luxury lifestyle of this emirate equally attracts second home seekers and tourists across the world. Two sectors which have been playing great role in establishing emirate’s image as one of the most sought after destination for finding job and better life style include travel and SME (Small and Medium Enterprise) sectors. Recruitment analysts stated that regional recruitment activity has significantly increased. A mix of new job opportunities is now available in almost all major sectors.

Popular careers among job seekers in Dubai

Management careers are on the top among job seekers in Dubai. Other careers which have been listed as the famous careers are nursing, dentistry, airport workers, financial analysts, accountants, auditors and interior designers, administrative careers like supervisors, inspectors and managers. Whereas, UAE recruiters are looking for hiring highly qualified financial analysts, engineers and IT experts to join high profile positions in relevant industry.

If you are planning to find the job in UAE/Dubai then you will feel pleased after knowing this that labor laws are strictly followed across UAE. The country is associated with different international organizations like international labor organization -ILO, Arab labor organization -ALO, and other international mutual organization. The state government does annual assessment review to ensure implementation of labor law across the country. In fact you will find transparency in every sector regarding hiring professionals, human and labor rights.

Angela Davis:

Angela Davis is a passionate and an experienced writer and social media consultant. She always try to produce unique and stimulating content for their valuable readers.