The real estate company Savills Plc highlighted Dubai as being especially alluring to long-term remote employees after ranking 20 outstanding residential areas as a feasible base in a recent survey.
Dubai best destination for hybrid workers: Malaga and Miami, two newcomers, followed Dubai in the rankings, with Lisbon, the top-ranked nation last year, falling to fifth.
The survey indicates that Dubai’s rapidly growing fintech and financial services sectors are attracting a significant number of senior hybrid professionals. The tech sector’s job layoffs exceeding 200,000+ in the past year have affected many of these professionals.
“According to Swapnil Pillai, a Middle East researcher at Savills, layoffs across global tech firms have impacted many professionals.” They are using the city as a base to support these booming industries.
Following the epidemic, several executives set up their offices in remote locations, frequently in warm coastal cities with convenient airports, as a result of the transition to hybrid work.
“Relocation Trends: Workplace Habits, Housing Affordability, and Urban Rankings”
According to a separate research of 22 nations by consultant AWA, workers are still only visiting the workplace an average of 1.75 days per week. As a result, 37% of businesses aim to cut their office space.
While this is going on, the affordability of premier rental homes has become increasingly important when determining where to relocate next as rent costs climb in digital nomad hotspots. Lisbon, which led the rankings the previous year, has slipped to number five as local rents have increased.
Lisbon also terminated its decade-long, well-liked Golden Visa Programme for brand-new foreign homebuyers earlier this year as a result of an increase in home prices.
Malaga, a newcomer to the rankings and this year’s host of Google’s new cybersecurity hub, finished in second place, trailing only Dubai.
Malaga was closely followed by Miami, which is ranked third in the index.
The Florida city attracts buyers relocating from financial hubs like New York and Chicago due to a combination of low taxes, relaxing rental prices, and well-liked beaches. The research also stated that there is fierce competition for those migrating to Miami with their families to provide their children with a high-quality education due to the city’s insatiable need.
“This affluent demographic has driven demand for luxury property to its highest levels and made the search for private schools a very challenging one,” said Cyril Bijaoui, a Miami Beach-based Corcoran Group real estate agent.