Tourism in Dubai is a part of the Dubai government’s strategy to maintain the flow of foreign cash into the emirates. Dubai’s lure for tourists is based mainly on shopping, but also on its possession of other ancient and modern attractions. Dubai got ranked as the world’s 1st most visited city by international tourists that have visited Dubai according to the recently released list and survey of Euro monitor in 2018. In 2016, the direct contribution of the travel and tourism sector to the UAE’s GDP was AED 68.5 billion (USD 18.7 billion) which is equivalent to 5.2 per cent of the total GDP. It is forecast to rise by 5.1 per cent per annum from 2017 to 2027 to AED 116.1 billion (USD 31.6 billion) which would be equivalent to 5.4 per cent of the total GDP in 2027. The total contribution of the travel and tourism sector to the UAE’s GDP was AED 159.1 billion (USD 43.3 billion) which is 12.1 per cent of GDP. It is forecast to rise by 4.9 per cent per annum to AED 264.5 billion (USD 72 billion) which would be 12.4 per cent of GDP in 2027. The travel and tourism sector directly supported 317,500 jobs in the UAE which is 5.4 per cent of total employment. This is expected to rise by 2.4 per cent per annum to 410,000 jobs which would be 5.9 per cent of total employment in 2027.
Below are some of the biggest reasons why a tourism business can flourish in the UAE.
- Central Location:
- Access to both Air and Sea:
- No Taxation Policy
- Repatriation of Earnings and Profits
- Safe to live and high quality of life
- Visa and Residency
- Multinational Companies