August 27, 2023
Dubai tops global ranking for remote work; Abu Dhabi enters top 4.
Dubai claims the top spot as the best city globally for remote workers due to its high quality of life and prime rents. Abu Dhabi enters the top 20 list for the first time, securing the fourth position in the 2023 Executive Nomad Index by Savills. The index assesses cities based on internet speed, quality of life, climate, air connectivity, and prime rents. Both Dubai and Abu Dhabi excel in offering urban living and quality of life, contributing to their rankings. Dubai's connectivity, strong mobile networks, and prime residential market propel its rise to first place, while Abu Dhabi's leisure investments and visa options, including the UAE's one-year residency permit for remote workers, attract executive nomads.
UAE's private sector sees over 80,000 emiratis employed.
Over 80,000 Emiratis now work in the UAE's private sector, a threefold increase compared to 2018, attributed to effective government resolutions and the Nafis initiative. The initiative led to a surge in 2022, with 50,228 Emiratis in the private sector. The UAE Cabinet's resolution aimed to achieve a 2% Emiratisation rate, resulting in significant nationalization progress.
Nearly 17,000 private sector companies employ Emiratis, a 57% rise from 2022. Dubai leads, with 47.4% of employed Emiratis, followed by Abu Dhabi at 38.6%. The top job categories include business services, administrative support, trade, and more. MoHRE praises compliant private firms as partners in national Emiratisation goals..
Shaping UAE's Golden Visa program: Banks in the lead.
The UAE's Golden Visa program, offering long-term residency to investors, is thriving due to proactive UAE banks. Competitive mortgage rates, up to 2% lower than peers, make UAE a prime property investment destination. Banks simplify Golden Visa applications and offer residency guidance, driving real estate growth.
Beyond Dubai, UAE banks boost Golden Visa demand in other emirates. Incentives and discounts, like 10% price cuts in Abu Dhabi, attract foreign investment. UAE banks drive the Golden Visa program, bolstering the UAE's economic outlook and real estate market potential.
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Update UAE visa data online, get automatic Emirates ID replacement.
UAE residents can now easily update their visa information via online platforms, creating an automatic Emirates ID replacement application. Accessible on the official website (www.icp.gov.ae) or the UAEICP smart app, it allows changes to personal info, profession, passport, or nationality. Required documents include ID photo, passport copy, sponsor-signed request, and Emirates ID copy. The process incurs a Dh200 fee, refundable if an application is rejected.
