The UAE is the world’s new capital for entrepreneurs

Reuters/Abdel Hadi Ramahi

In an increasingly connected world, wealth has become more portable, especially since the pandemic. Ultra high net worth individuals can now seamlessly manage their businesses and investments from almost anywhere, thanks to advancements in technology.

This wealth mobility has reshaped the way the global elite think about where to live, work and invest – and all signs point to the Middle East, particularly Dubai and Abu Dhabi, as the new frontier.

Dubai and Abu Dhabi have both risen rapidly to compete with established global powerhouses such as London, New York and Hong Kong. Their mix of safety, quality of life, strategic location and opportunity has made the two cities magnets for expatriates, entrepreneurs and investors alike.

Having invested in the UAE’s thriving property market, I see this as just the beginning of the Emirates’ transformation into a global epicentre for success.

Safety and quality of life are paramount

Safety and quality of life are non-negotiable for today’s mobile elite, and the UAE excels on both fronts. The region’s commitment to security extends far beyond crime prevention. It includes robust law enforcement, advanced infrastructure and a stable political environment.

For expatriates and entrepreneurs, this means peace of mind when walking the streets late at night or making multimillion-dollar investments. Coupled with a high standard of living, excellent healthcare and top-tier schools, the UAE offers a lifestyle that few other locations can match.

This is particularly relevant as ultra high net worth individuals increasingly migrate from regions such as the UK. The UAE’s low tax environment, economic stability and warm climate are major draws. These aren’t fleeting trends, but enduring shifts that will define the next decade and beyond.

An undervalued real estate market

Despite a booming luxury real estate sector, particularly in Dubai, UAE cities remain undervalued compared to global centres such as London, Hong Kong or New York. The region’s broader real estate market, including Saudi Arabia and Bahrain, is also poised for growth.

Abu Dhabi boasts more than 100 kilometres of untouched coastline, offering incredible potential for development. Dubai continues to attract interest from European, Asian, African and Indian buyers, fuelling demand for ultra-luxury properties.

However, a key challenge remains: a lack of supply at the very top of the market.

Too often, developers targeting ultra high net worth individuals fall short of the design and build quality expected in cities such as London. This creates an opportunity for developers with the vision and expertise to deliver world-class properties that meet the exacting standards of the global elite.

Why entrepreneurs are choosing the UAE

The UAE’s strategic location between East and West, its business-friendly policies and initiatives such as the Golden Visa programme have positioned it as a global business hub and an attractive environment for entrepreneurs. Large corporations, family offices and startups are establishing their presence in Dubai, driving demand for high-end residential and commercial properties.

But it’s not just about infrastructure. The wisdom and visionary nature of the UAE’s leadership has created an environment where resilience is built into the fabric of the economy.

The quality of government officials is mind-blowing. Many of them possess the skills and expertise to lead Fortune 100 companies. This stands in contrast to the West, where politicians are often perceived as second-tier individuals who, in many cases, allow political agendas to get in the way of what is best for the country.

The UAE’s economy and demographics at a glance

The Middle East has weathered global challenges, from economic downturns to the pandemic, better than most regions. This proactive approach ensures that the region remains not only a safe investment but also a dynamic place to live and work. 

The UAE is a global hub in its own right. But what sets it apart is not just its gleaming skyscrapers and world-class amenities: it’s the vision and wisdom of the leadership driving development. 

As the Middle East embraces innovations such as smart cities and sustainable urban planning, it is redefining modern living. Dubai, for example, is investing $35 billion in a new airport, which will have five parallel runways – a contrast to the UK, where Heathrow has spent 20 years deliberating the addition of a single new runway. 

This proactive approach, coupled with the region’s tax advantages, exceptional quality of life and strong emphasis on safety, positions the Middle East not just as a destination, but as a compelling choice for a way of life.

For investors, the opportunity is clear. With a market poised for further growth and demand continuing to outpace supply, the time to invest in Dubai and the wider Middle East is now. For those of us who are already here, the future isn’t just bright: it’s transformational. And for those who think it is too late to come or invest, it has only just begun. 

Nick Candy is a British property developer. He has been the treasurer of Reform UK since December 2024