According to Ahmed Al Suwaidi, managing director of Residential Communities at Dubai Asset Management, “constant changes to the UAE’s legislation are increasing business, cultural, and social spheres, and consolidating Dubai’s status as an appealing destination for people from across the world.”
He explained that the UAE leadership’s willingness to adapt to changing times and markets, combined with a number of economic policies, has boosted Dubai’s already burgeoning reputation as a city known for its high-end lifestyles.
“In the InterNations Expat City Ranking 2021, we ranked in the top three best cities to live and work, outperforming major cities like Sydney, Prague, and Madrid,” Al Suwaidi added. “Dubai’s attraction is only growing — the Dubai Statistics Centre’s live population counter has surpassed 3.5 million, with nearly 100,000 new arrivals since the end of 2020. There are many reasons to relocate here; nonetheless, it is the reasons to stay that are most significant in terms of preservation.”
Al Suwaidi said the UAE is notorious for a “lifestyle that spoils,” which has been echoed around the world.
“The UAE has traditionally rated high in the World Happiness Report, notably within the Arab world, exceeding several developed countries like Singapore, Italy, and Spain,” he said.
He also praised Dubai’s healthcare quality, which he said is “outstanding” and is improving thanks to government-led initiatives and expanding private healthcare providers. “We are home to world-class primary and secondary schools, as well as some of the world’s most prestigious universities. Despite recent setbacks, Dubai’s economy has remained strong and resilient, displaying significant economic growth and substantial job opportunities across a variety of critical sectors, bolstered by the push for economic diversification.”
According to Al Suwaidi, Dubai’s location within the Mena region and its centrality between the East and the West make it ideal for expats who travel back and forth frequently. Travel and tourism are already thriving industries, with citizens having access to a wide range of airlines and aircraft routes to practically every destination on the planet. “We have some of the most sophisticated infrastructures for civic facilities, telecommunications, post services, and transportation, which were prioritised under Vision 2021 to support economic development and human well-being, with an emphasis on affordable and equal access for all,” says the statement.
Dubai’s multitude of retail and leisure experiences provide adequate entertainment and satisfaction for the time not spent travelling, he added. Leading retail locations such as Bluewaters, Al Seef, and others offer a diverse range of local and foreign restaurants, activities, and entertainment for people of all ages, hobbies, and tastes.
“Connectivity has always been a big draw for residents in Dubai Asset Management’s developments.” Malls, recreational activities, food hubs, and business districts are all easily accessible through main ingress and egress routes. This convenience has only grown in areas like Ghoroob Square, Shorooq, and Al Khail Gate, where residents can stroll to nurseries, grocery stores, cafes, and hairdressers,” he said.
Dubai scored mixed ratings in the InterNations study’s ‘Finance and Housing’ ranking. Housing is simple to locate in the emirate, according to 86% of those polled, yet 41% consider it unaffordable. According to Al Suwaidi, this has traditionally been a hurdle to fulfilling the happiness goal as well as maintaining skilled individuals and long-term residents.
“Dubai Asset Management’s residential communities offer a well-balanced offering and, as a result, a solution to this sentiment,” he said. “We have something for everyone in our varied offering.” We provide a range of price points, amenities, and lodgings to suit everyone from recent grads starting their jobs to growing families and luxury living. Across the board, properties are operating well, with excellent occupancy rates, particularly in villas. Many people were prompted by Covid-19 to upgrade to larger homes, which they were able to accomplish economically.”
In the future, Al Suwaidi believes that the global standard will change as a commitment to sustainability and environmental consciousness rises. The Dubai 2040 Urban Master Plan is paving the road for smart, efficient, and sustainable living areas. The development is being welcomed by residents across the emirate.
“At Dubai Asset Management, we’ll be establishing electric car charging stations in certain neighbourhoods and installing solar panels in parking lots,” he stated. “Even our digital solution, the Dubai AM app, which allows for online rent payment and service inquiries, helps to create smarter, more efficient, and paper-free communities.”
“These aspects have been critical to Dubai’s reputation for high-quality living and drawing expats from all over the world,” he continued. It is for this reason that our industries continue to expand and thrive: competent human capital from all over the world is discovering that Dubai is the best place to live, work, and play. It is critical to protect these features in order to sustain economic progress and livability for future generations.”
