Why Indian Business & Sports Icons are Moving to Dubai?
Dubai has long been a magnet for Indian business leaders and sports stars, and the trend shows no signs of slowing down. In recent years, the United Arab Emirates (UAE) has emerged as a top destination for those seeking a better quality of life, business-friendly policies, and unparalleled luxury living. With the UAE’s Golden Visa program, real estate boom, and exceptional security, it’s no wonder that Dubai has become the preferred haven for Indians looking to relocate.
One of the primary reasons Indian business leaders are flocking to Dubai is the absence of income tax. Unlike India, where income tax rates can range from 5% to 30%, the UAE has zero income tax, making it an attractive proposition for entrepreneurs and executives. This means that those who relocate to Dubai can retain a significant portion of their earnings, allowing them to reinvest in their businesses, pursue new opportunities, or simply enjoy a better standard of living.
Another significant draw is the UAE’s Golden Visa program, which offers a 10-year residency permit to eligible individuals. This program provides a range of benefits, including the freedom to live, work, and own property in the UAE, as well as the ability to sponsor family members. The Golden Visa has been a game-changer for Indian business leaders, who can now relocate to Dubai with their families and access a wide range of amenities and services.
Dubai’s real estate market is also a major attraction for Indian business leaders. With a range of luxurious residential and commercial properties available, from stunning apartments to lavish villas, Dubai offers a unique opportunity to own a piece of the city. The UAE’s real estate boom, driven by government initiatives and infrastructure development, has seen property prices soar, making it an attractive investment opportunity for those looking to diversify their portfolios.
Furthermore, Dubai’s exceptional security is a major draw for Indian business leaders. With the UAE’s reputation for being one of the safest countries in the world, Indians can feel confident that their families and assets are well-protected. The city’s advanced infrastructure, including state-of-the-art hospitals and emergency services, also provides peace of mind for those looking to relocate.
But it’s not just business leaders who are making the move to Dubai. Indian sports stars are also flocking to the city, drawn by the UAE’s unique blend of luxury living and world-class facilities. Dubai’s sports infrastructure is among the best in the world, with state-of-the-art stadiums, training facilities, and sports complexes. The city’s warm climate and tax-free environment also make it an ideal location for athletes looking to train and compete at the highest level.
One of the most high-profile Indian sports stars to make the move to Dubai is cricketer Yuvraj Singh, who relocated to the city with his family in 2020. In an interview with a leading publication, Yuvraj attributed his decision to Dubai’s “luxury living, world-class facilities, and business-friendly policies.” He also praised the city’s “exceptional security” and “friendly community,” saying that he felt “at home” in Dubai.
Yuvraj’s decision to relocate to Dubai is part of a wider trend. In 2024, it’s estimated that over 4,300 millionaires left India, with many of them making the move to Dubai. The city’s unique blend of luxury living, business-friendly policies, and exceptional security has made it the go-to destination for those looking to escape India’s high taxes, congested cities, and chaotic lifestyle.
So, why is Dubai the preferred haven for Indian business leaders and sports stars? It’s simple: the city offers a unique combination of luxury living, business-friendly policies, and exceptional security. With zero income tax, a Golden Visa program, and a real estate boom, Dubai has created a compelling proposition for those looking to relocate. Whether you’re a business leader looking to expand your operations or a sports star seeking a new training ground, Dubai has something for everyone.
As the trend continues to grow, it’s clear that Dubai will remain a top destination for Indian business leaders and sports stars. With its unique blend of luxury living, business-friendly policies, and exceptional security, the city has established itself as a beacon of opportunity for those looking to escape the challenges of India’s fast-paced lifestyle. Whether you’re looking to start a new business, pursue new opportunities, or simply enjoy a better quality of life, Dubai is the perfect haven.
Source:
https://ascendants.in/business-stories/why-indian-business-leaders-sports-stars-moving-to-dubai/
