World

The Draw of Dubai and How it is Attracting the Wealthy

Published

3 years ago

February 13, 2023

Dubai has long been a city that has attracted wealth and prestige, but since the pandemic, the wealthy have been flocking to the city in droves. With over 200,000 new immigrants moving to Dubai every year, the number of expats continues to grow, and only 15% of the city are actually Emiratis.

There are many reasons why millionaires and billionaires choose to make the move to Dubai. Among the most notable reasons are the golden visa, no income tax, location, and quality of life.

Golden Visa

During the pandemic, money and jobs began to disappear due to uncertainty in the market and the health of many individuals. As a result, many expats began to move home, and the United Arab Emirates (UAE) became concerned about the potential contraction of their economy. This concern led the UAE to create the “Golden Visa”.

The “Golden Visa” is a 10 year visa that focuses on incentivizing high achievers. This visa began to appeal to many individuals. It also incentivized bringing families and businesses.

As a result, the individuals moving to Dubai were now considered more stable, long term-residents.

No Income Tax

An additional appeal that draws expats and wealthy individuals to the area is the fact that the UAE has no income tax. For individuals who are millionaires and billionaires, this is especially appealing.

Of course,with no income tax, the country must find a way to compensate for this loss. As a result, there are permits that must be obtained for a variety of things. These permits, however much a nuisance, do not offset the savings for the uber wealthy and what they save on their income taxes.

Location

Another appealing aspect of living in Dubai is the location. It is very centralized in terms of the rest of the world, and is often a layover location for many exciting destinations.

In addition to the ease of travel from Dubai, it also has a wonderful climate. Of course, during the summer months there can be extreme heat, but this doesn’t deter the super wealthy.

It is during these months that holidays are scheduled for individuals to escape the heat.

Quality of Life

When you have high expendable income, there are many excesses to spend money on. From golden luxury vehicles, to having everything drip in diamonds, dining at some of the best restaurants in the world, and having unparalleled entertainment, showcasing wealth has become a part of the culture.

One way that individuals choose to showcase their wealth is through the number on their license plates. The lower your number is on your license plate in Dubai, the more money it costs to purchase it. In fact, many license plates cost more than luxury custom cars. In fact, the number 1 license plate sold at auction for over $14 million and is expected to appreciate in value over time.

Other quality of life aspects to consider include an amazing education system, low crime rates, and an effective medical system.

Conclusion

Dubai ranks third in cities that are expected to grow in wealth, and is expected to be a major financial center. With all the growth and incentives for businesses and individuals, as well as the location and quality of life, it is no surprise that many wealthy expats choose to make Dubai their home.

World

Swiss International University Enhances Student Employability with Major Global Collaborations

Published

3 days ago

November 8, 2025

Jenny Jackson

New collaborations with Citibank, Abu-Ghazaleh Global, RAK Properties, and others strengthen SIU’s commitment to connecting academic learning with global career opportunities.

Swiss International University (SIU) has already informed about the new corporate partnerships that will start in October 2025 and that they will provide students with better access to internships, training programs, and job opportunities in various fields.

The new partnerships are aligned with SIU’s goal to combine education with the real world, as they ensure that the graduates are equipped with the required knowledge, skills, and professional exposure to be successful in the global economy of today.

In the last few weeks, SIU has formed alliances with several major companies, including those from the banking, business, hospitality, real estate, and consulting sectors. The students will be actively involved in each collaboration through internships, practical training, and the career opportunities that will be given to them during or after their studies.

Among the key collaborations are

Citibank, where students of the business and finance fields will get to experience international banking operations through special training and possible hiring programs.

Abu-Ghazaleh Global has given SIU’s programs its official blessing and access to practical experience in global business, accounting, and consulting.

RAK Properties is going to give real estate and business students a chance to learn about property development, investment, and project management.

The Signature Inn Hotel Al Riqa L.L.C. offers students of hospitality a chance through real-life interrelated scenarios to gain the knowledge of front-office operations and guest management.

Al Shabaka International Businessmen Services is opening a door for the students to meet the professionals involved in global business consulting and administration.

Galadari Motor Driving Center, where students will get a clear insight into corporate management, customer relations, and operational efficiency.

Women’s First Jobs is going to help female students and graduates through career counseling, professional networking, and empowerment initiatives.

MyFounders.Club Global is building up the students and aspiring founders in terms of innovation and entrepreneurship by taking them through the process of developing and launching new ventures.

Revival AE Project Development Consultant Co., L.L.C., where students will be working on consulting for sustainable projects and environmental management.

“The partnerships that we have formed represent our commitment not only to the business world but also to the world of academia,” said the Head of Swiss International University. “We are aspiring to equip every student in SIU with the power to win the global job market through robust academic credentials, practical exposure, and a web of real opportunities. Our target is not a teacher-student relationship whose only need is the job—our students will be the ones making changes in the various fields of tomorrow.”

The academic world and the global market are the two areas where SIU, collaborating with partners at the present time, shows the institution’s continued commitment to creating a career-oriented academic environment where learning takes place beyond the walls of the classrooms.

The deadline of October 2025 is approaching, but the university is still looking to make new strategic partnerships to grow its network of global partners. It is clear from the continuous activities of the university that it is striving to offer its students worldwide the possibility of not only utilizing their skills but also being a part of the industry via employment and thus empowering them to make a difference in international markets.