A strategic blend of investment, innovation, and opportunities drives Dubai's status as a premier hub for millennial talent.
It is also the leading destination for Indian expatriates, with over 3.5 million Indians living in the UAE. This diversity is further highlighted through this key employment statistic—Emirati nationals account for just one in every 23 workers in the city.
The other 22 naturally represent a broad spectrum of nationalities. And this is how Dubai has become home to 200 nationalities, all contributing to making the UAE the fastest-growing global economy.
And still, there is so much more that attracts millennial talent to UAE’s most influential city, Dubai.
Dubai’s strategic location at the crossroads of Europe, Asia, and Africa makes it a prime location for businesses aspiring for an international reach. Due to its central location, it enables cost-effective operations for enterprises by reducing shipping times and optimizing the supply chain.
No surprise that Dubai is the busiest airport by seats globally (as of August 2024), leveraging its prime geographical location to attract millennials. Its central position facilitates seamless travel and logistics, creating a high appeal for young professionals seeking connectivity and opportunities.
UAE ranked 2nd globally in FDI inflows in 2023, according to the World Investment Report 2024. It received an FDI inflow upwards of USD 30.688 billion through initiatives incentivizing investors and promoting entrepreneurship.
As Dubai gears to become the third-largest economy worldwide by 2033, it aims to attract USD 177 billion in investment over the next 10 years. It has committed to allocate USD 6.88 billion in the upcoming decade to achieve its D33 agenda.
The country is also actively incentivizing new economic sectors, such as FinTech, E-commerce, AgriTech, gaming, medical tourism, healthcare, logistics services, ICT, and renewable energy, among others.
The emergence and institutionalization of foreign varsity campuses in Dubai, such as Heriot-Watt, Middlesex University, University of Birmingham, University of Europe, and many others, underline Dubai’s potential for academic excellence and commitment to diversity and inclusivity.
The city’s proximity to India- barely a three-hour, low-cost flight, further adds to its appeal to Indian students looking for international exposure. Coupled with a hassle-free visa and access to earning-while-learning opportunities, Dubai makes for a booming higher-ed hub.
Additionally, the cost of education in Dubai is more reasonable than in other popular student-friendly countries. Pursuing an undergraduate or postgraduate degree may cost nearly Rs 17 lakh a year, while the cost of living can vary between Rs 60,000 and 90,000 monthly.
Source : https://economictimes.indiatimes.com/nri/work/how-dubai-became-the-hotspot-for-foreign-millennial-talent/articleshow/112679881.cms
