Why Indian Business & Sports Icons are Moving to Dubai?
Dubai, the vibrant city in the United Arab Emirates, has emerged as a magnet for Indian business leaders and sports stars. The city’s allure is not just its stunning architecture, world-class infrastructure, and luxurious lifestyle, but also its business-friendly policies, tax-free environment, and a range of attractions that make it an attractive destination for wealth creation, safety, and global opportunities.
In recent years, the UAE has witnessed a significant influx of Indian millionaires and billionaires, attracted by the country’s Golden Visa program, which offers residency and investment opportunities. The UAE’s government has taken steps to make the country more appealing to high-net-worth individuals, and Dubai has emerged as a top choice for Indians seeking a haven for their wealth.
According to a report by Hurun Research, over 4,300 millionaires left India in 2024, with Dubai being the preferred destination for many of them. This exodus of wealthy Indians is attributed to the UAE’s business-friendly policies, zero income tax, and a range of investment opportunities. The country’s real estate market, in particular, has seen a surge in demand, with many Indian investors buying luxury properties and investing in rental income.
Business-Friendly Policies
The UAE has taken significant steps to make it easier for businesses to operate in the country. The government has introduced a range of initiatives, including the 10-year residency visa, which allows foreign investors to live and work in the country for an extended period. This has made it easier for Indian entrepreneurs to set up businesses in Dubai, free from the complexities of Indian regulations.
The UAE has also implemented a number of measures to attract foreign investment, including the introduction of a 0% corporate tax rate and a range of tax-free zones. The country’s logistics infrastructure is also one of the best in the world, making it an attractive destination for businesses that rely on international trade.
Luxury Living
Dubai is known for its luxurious lifestyle, and it’s no surprise that many Indian business leaders and sports stars are attracted to the city’s opulent lifestyle. From 5-star hotels to luxury apartments, Dubai has it all. The city’s real estate market is also booming, with many Indian investors buying luxury properties and investing in rental income.
Dubai’s lifestyle is also characterized by its world-class entertainment options, including theme parks, museums, and shopping malls. The city’s culinary scene is also a major draw, with a range of international restaurants and cuisines available.
Security
Security is a major concern for many Indian business leaders and sports stars, and Dubai offers a safe and secure environment. The city has a low crime rate, and the government has implemented a range of measures to ensure the safety and security of its residents.
The UAE’s government has also taken significant steps to ensure the security of its residents, including the introduction of a range of surveillance systems and emergency services. The city’s airport is also one of the most secure in the world, with strict security checks in place to ensure the safety of its passengers.
Global Opportunities
Dubai is strategically located at the crossroads of East and West, making it an attractive destination for businesses that operate globally. The city’s airport is one of the busiest in the world, with flights connecting to over 200 destinations worldwide.
Dubai’s free trade zones also offer a range of benefits, including 100% foreign ownership and no restrictions on currency. The city’s logistics infrastructure is also one of the best in the world, making it an attractive destination for businesses that rely on international trade.
Sports Icons
Dubai has also emerged as a popular destination for Indian sports icons, including cricketers, footballers, and tennis players. The city’s luxurious lifestyle, world-class facilities, and tax-free environment make it an attractive destination for athletes seeking to retire or continue their careers.
Many Indian sports personalities have already made the move to Dubai, including cricketers such as Sachin Tendulkar and Harbhajan Singh, who have bought luxury properties in the city. Footballers such as Sunil Chhetri and Gurpreet Singh Sandhu have also made the move, attracted by the city’s luxurious lifestyle and tax-free environment.
Conclusion
In conclusion, Dubai has emerged as a popular destination for Indian business leaders and sports stars, attracted by its business-friendly policies, luxury living, and global opportunities. The city’s real estate market, tax-free environment, and logistics infrastructure make it an attractive destination for entrepreneurs and investors.
As the UAE continues to evolve and grow, it’s likely that Dubai will remain a popular destination for Indian millionaires and billionaires. With its luxurious lifestyle, world-class infrastructure, and business-friendly policies, Dubai is an attractive destination for anyone seeking to create wealth, enjoy a secure lifestyle, and take advantage of global opportunities.
Source: https://ascendants.in/business-stories/why-indian-business-leaders-sports-stars-moving-to-dubai/
