How the lockdown blues are encouraging UK residents to make the Dubai move.
As scores of residents across the United Kingdom adjust yet again to the most recent lockdown, Dubai welcomed British holidaymakers with open arms. The London-Dubai air route ranked as the busiest in the world over the first week of January.
Tired of the uncertainty, anxiety and apprehension that emerged as a by-product of battling the stay-at-home effects of COVID-19, lockdown fatigue took over the UK, with people across the country longing for a change of scene that represented long-term safety, sunshine and smart investments.
Home to approximately 240,000 British expats, the UAE has long been a favourite on the UK holiday map and having recently administered approximately 2 million vaccine doses to residents, Dubai effortlessly ticked all the right boxes.
Take a look at how the drop in temperatures as well as real-estate prices, contributed to Dubai becoming a lockdown dream come true for the holiday season and beyond.
Downtime in the Sunshine
With average temperatures dropping between 11-17 degrees, not only does Dubai promise the coolest winters with sunny skies and perfection-worthy cloud views, but stunning beaches, sprawling malls and a host of recreational activities including desert excursions, yacht parties, swanky dining and more, means you never run out of things to do, all year long.
Successfully Managing COVID-19
By virtue of its advanced healthcare infrastructure and the country-wide vaccination campaign, the UAE has one of the world’s lowest virus death rates of 0.3%.
Dubai serves as a global model for crisis preparedness, maintaining the highest levels of protection against the pandemic with a zero-tolerance policy when it comes to enforcing preventative guidelines including mask-wearing, social distancing and precautionary measures in all restaurants, hotels, social gatherings and entertainment outlets. Regular inspections are also carried out to ensure strict adherence with penalties in place for violators.
With a strong regulatory framework ideal for investment, the UAE represents an excellent opportunity for British nationals looking to diversify their real estate holdings and simultaneously achieve high yields. With an assortment of furnished residences and ready villas and apartments in prime locations across Dubai, DAMAC Properties offers smart investments or forever homes, with communities designed to maximise on the best that life in Dubai has to offer.
With ready and off-plan properties designed for both, the discerning investor and families ready for a new way of life, the UAE as always, represents a lucrative investment opportunity.
Safety & Security
Recognised as among the top 10 safest countries in the world, the UAE has earned this coveted spot through years of carefully developing and implementing a law enforcement system that resulted in low crime rates year after year, confidently encouraging residents to bring in their families, establish businesses and stay in the country for the longer term.
Proximity and Connectivity
With an average flight time of six hours and 45 minutes, Dubai is one of the shortest long-haul flights in and out of the UK, further cementing its place as a firm favourite of the nation. Not only is Dubai a gateway to the global economy, but by virtue of the ease of business set-up and continuity, it also opens doors for business and leisure travel, making it an ideal spot for a holiday home that embodies the best of comfortable living, from bustling city vibes to peaceful master communities located a short distance away.
With a host of airlines that offer non-stop flights to and from the UK, the entire travel experience for holiday and homemakers is now easier than ever.
With heavy investment across a wide range of sectors like construction, transport, healthcare, telecommunications, technology and overall industrial and economic development, the UAE has emerged as a strong player in the global infrastructure space and is recognised as an attractive place to do business and invest in.
The World Bank’s Doing Business 2020 report ranks the UAE 16th out of 190 economies, for how regulations allow freedom of business, including those related to starting businesses, obtaining construction permits, getting electricity, registering property, paying taxes and receiving credit.
The UAE also ranked ninth in the IMD World Competitiveness ranking 2020, one notch above the US and one below Canada. The ranking rates economic performance, government efficiency, business efficiency and infrastructure.
While the realities of the pandemic may slow things down for now, there’s no doubt that British investors will find a way to make the most of the real-estate market dip and soon, have a Dubai address to call their own.