Dubai: A Paradise for International Investors and Medical Tourism Individuals

Dubai, a city synonymous with luxury cars, deserts, beaches, record-breaking attractions, and towering buildings, is not just a holiday hotspot but a thriving hub of investment opportunities and medical tourism.

A Booming Investment Opportunity

Dubai's economy grew over 6% in 2022, and the city forecasts ongoing growth and an increasing population over the next five to ten years. This makes it an attractive destination for property investors. The city offers continuous incentives such as Golden Visas for property investment, easy processes for overseas buyers, convenient payment plans, and flexibility in banks' lending criteria.

Residential properties in Dubai offer superior rental yields (about 7 per cent) and even higher returns for short-term leasing. This is significantly higher than cities like London and New York, which see around 2.5 to 3 per cent. Combined with rising demand and a strong potential for long-term capital growth, it’s the perfect environment for property investment.

Moreover, Dubai and the UAE in general, offer a tax-friendly environment. There is zero tax on personal income, capital gains, and wealth – and only 5% Value Added Tax (VAT). As an investor, not having taxes will definitely make a difference in your revenue.

A Global Healthcare Destination

Dubai is also a leading destination for medical tourism, ranking 6th out of 46 global destinations according to the 2020-2021 Medical Tourism Index. The city's healthcare system is a mix of public and private, with the private sector building state-of-the-art facilities and catering to medical tourism.

In 2022, Dubai received 674,000 medical tourists, contributing AED992 million to the economy. The highest number of medical tourists were from Asian countries (39%), followed by Europe and the Commonwealth of Independent States (22%), and Arab and Gulf Cooperation Council (GCC) countries (21%).

The Zulekha Healthcare Group, which includes two multidisciplinary hospitals in Dubai and Sharjah, is a member of the prestigious Dubai Medical Tourism Club (DMTC), indicating the high quality and standard of the centre. The group provides high-quality service to patients and their families, with most of their interpreters being foreign-born and having medical backgrounds.

Conclusion

Dubai's strategic location, safety, exceptional infrastructure, and world-leading amenities make it an attractive destination for both investors and medical tourists. Whether you're looking to invest in property or seeking high-quality medical care, Dubai offers a wealth of opportunities.