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Thu 21 Jul 2016 11:07 AM

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Dubai ranks in top five cities for entrepreneurs, families

Emirate among most appealing spots for relocation, reveals Knight Frank report

Dubai ranks in top five cities for entrepreneurs, families

Dubai has been named one of the top five cities for entrepreneurs and families looking to relocated abroad, revealed a report by global real estate firm Knight Frank.

The Global Lifestyle Review assesses key lifestyle factors that individuals consider when relocating.

The factors range from the cost of transport and distance to airports to the cost of beverages in high-end hotels.

While Hong Kong and London led the way, Dubai was the fourth choice for entrepreneurs, alongside Geneva, Sydney and Vienna.

Its high ranking was due to political safety and security as well as its large pool of luxury offerings such as fine dining, according to Knight Frank associate partner and head of research Dana Salbak.

“It’s natural to see clients motivated and drawn to [Dubai] ,” she said. “This is of course in addition to the tax-free environment and wide-spread of free zones, which facilitates business and trading activities.”

Dubai ranked fifth for families, alongside Luxembourg, Vienna, Hong Kong and Geneva.

“Dubai caters to nearly all family priorities so it comes as no surprise that it’s highly favorable,” said Salbak. “It provides good international-grade education systems, created communities for like-minded people to interact (such as Alserkal Avenue for arts and culture), and offers a variety of family-friendly activities, most of which can be enjoyed with 365 days of sunshine. This is in addition to personal security and safety.”

Knight Frank, based in the UK, operates across the Middle East with offices in Dubai, Abu Dhabi, Bahrain and Saudi Arabia.