The growing real estate market, which underscores Dubai’s appeal to investors, is also driving heightened interest in visas and job opportunities among professionals. This shift from a tourism-dependent economy to a more diversified business landscape is drawing many.
Economic issues in Pakistan, such as inadequate growth to accommodate the increasing number of graduates, inflation, and political and social instability, are leading many to look for opportunities abroad.
Pakistani companies have shown a 71% increase in joining the Dubai Chamber of Commerce, with several firms planning to set up subsidiaries in Dubai, attracted by the city’s infrastructure and real estate projects.
Adil Ismail, Director and Founder of Superior Consulting, a Karachi-based immigration support firm, told Business Recorder that Dubai presents a blend of opportunities and advantages, making it an ideal destination for Pakistani professionals. Despite the competitive job market, a survey reported by Gulf News found that over 60% of UAE business leaders anticipate expanding their workforce in the coming year. Ismail noted, “Dubai’s job market is evolving rapidly, with high demand for skills in technology, healthcare, finance, and construction. Employers are looking for candidates with strong technical skills, relevant industry certifications, and proven experience.
However, Pakistani professionals often encounter challenges with the complex visa and immigration process, and Ismail recommends consulting with reputable immigration agencies to navigate these issues.
Dubai’s economy has diversified beyond tourism, aiming to double its economic size and become one of the top four global financial centers within a decade through its 10-year economic plan, D33. Plans include expanding public beaches and reviving the Palm Jebel Ali island.
Dubai’s stable status continues to make its real estate market appealing to Pakistanis. The property market is thriving, with improved protections compared to the 2008 financial crisis. Investors from traditional markets like India, Pakistan, and the Middle East are joined by those from Australia, the UK, Europe, and Turkey, as Dubai’s property sector continues to flourish.
The city’s strategic location, tax-free environment, high returns, and challenging conditions in home countries make it a top destination for investors. Emerging sectors such as renewable energy, e-commerce, and digital marketing, along with a growing healthcare sector, provide new opportunities. Despite its relatively high cost of living, Dubai was ranked as the city with the highest number of millionaires in the Middle East by Henley & Partners in May 2024. Its tax-free income policy and high quality of life make it an attractive choice.
Ismail highlighted that salaries in Dubai vary widely, with competitive compensation for professionals in technology and finance. He advises Pakistani professionals to research and negotiate packages that include housing allowances, health insurance, and annual flights home.
“With the right support and guidance, Dubai can be a profitable and fulfilling destination for Pakistani entrepreneurs, top talent, and skilled professionals,” Ismail concluded.