Connect with us

World

The Draw of Dubai and How it is Attracting the Wealthy

mm

Published

on

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 platesThe 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. 

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

Five Benefits of Studying Disaster Management

mm

Published

on

Are you concerned about helping your fellow human beings, especially when they most need it? The pictures and news about floods, earthquakes, and other disasters are horrendous. Even worse is seeing the people in those areas deprived of the basic necessities of life. If you’re ready to help limit the negative impacts of such disasters, now is the best time to prepare!

A disaster management degree is one of the best ways to achieve this purpose. It will lead to a career choice that is very demanding but potentially very rewarding as well. 

As a disaster management worker, you will help people most affected by disasters. You will also help disaster-prone groups to prepare and plan for future emergencies. Overall, one can say that this is a specialized area with specific requirements. You require both practical experience and academic qualifications to advance in this field. 

However, is disaster management a suitable career? There are a few factors that influence the desirability of any career path. Personal growth, career growth, self-satisfaction, and a reasonable expected salary are all essential considerations. Without further ado, here’s a look at some of the motivations for studying disaster management:

1. Your Work is to Help People

Most people see the effect of disasters on their screens and question why go into disaster management? And you might be one of them now. But a disaster management degree helps you reach out to the affected people more effectively. Yes, everyone can send in donations, prayers, and other forms of aid. However, managing the relief campaigns and actively assisting victims is much more gratifying. This reward alone answers the question. 

Helping victims gain some footing again

When a disaster strikes, many people can lose everything they have. They might not have their homes, loved ones, and means of living anymore. A disaster management worker can directly do a lot for such victims. 

Their degree and experience can help people restore their lives to normalcy. Distributing food and other essentials is just one step. After that, disaster management also helps victims get some source of livelihood, shelter, and whatever they need to piece their life back together. Such efforts also go a long way in assisting victims to recover emotionally from a disaster.

2. It Counts as Highly Skilled Work

If you start working in disaster management with a relevant degree, you are a highly skilled worker. Here are a few reasons why this is so:

  • You are required to complete formal qualifications, along with technical training sessions
  • This career path appreciates technical skills as well as experience
  • Disaster management requires a high skill level that not everyone can achieve

What are the advantages of a highly skilled career? 

The main advantages of such a career, including disaster management, include:

  • Further opportunities due to one’s technical knowledge and expertise
  • Enhanced experiences while working
  • Better pay than many other career paths
  • A feeling of satisfaction due to doing something worthwhile

3. An Exciting Path

Working within a crisis or inside a disaster zone is dangerous but exciting. There might be a lot of chaos sometimes, with extremely changeable situations. 

It can also be very difficult to respond to disasters, so you might have to work on adrenaline half the time. It’s all very demanding, but an adventurous soul will probably relish the experiences. 

Not everyone is not a perfect fit for this line of work. The stress and demands can get too much at times, adversely affecting the mental health of many workers. If you relish the idea of helping those in need no matter what, make sure to take a break when you need it.

4. Working in Different Locations

Getting stuck in a dead-end job is no fun. When you get a qualification in disaster management, your career will certainly not be boring. 

Among other factors, one reason for this is that disaster management takes its workers to several different locations. You might visit a metropolitan city one day and a completely rural setting the next. Some disaster management careers might even take you out of your home country. It won’t be a vacation, but you will get exposure to many different cultures, lifestyles, work methods, and much more. Overall, you’ll probably get a rich and fulfilling experience that’s rare in any career choice. 

5. Chances of Growth

With disaster management as your career choice, you have a lot of room for growth. This sector includes large industries operating all over the globe and in all kinds of settings. Many companies and teams always search for a qualified, sincere individual who wants to work in this line. 

If you start at the bottom of the disaster management sector, you may get support and lower-level positions first. It is the perfect time to learn all you can and gain experience within the field. 

As you grow within this sector, you can get better qualifications and experience in the technical areas. Eventually, you can rise in the field and start working on different projects.

If you work smartly, you don’t have to get stuck at a certain point in your disaster management career. You can work on the most well-known natural disasters as they happen or focus on lesser-known disasters and build your niche.

Conclusion

Studying disaster management and following a subsequent career might create a great path for many people. The education and experience here will show you how to help people in the worst situations. That path alone can make an individual feel satisfied and happy with their choices.

A disaster management degree will also put you in the highly skilled job category. It usually pays well, with some growth prospects to sweeten the pot. This career may also allow you to travel and get experience in new places. Overall, it seems like studying disaster management can be an exciting and sensible career option. If the above discussion seems interesting, why not check out some relevant courses today?

Continue Reading

Trending