Dubai has emerged as a top choice for experienced remote workers, particularly in the wake of the global pandemic. A recent study by real estate firm Savills Plc, which assessed 20 prime residential markets for their appeal to remote workers seeking long-term arrangements, highlighted Dubai’s growing popularity.
The city’s rapidly evolving fintech and financial services sectors have become a magnet for skilled hybrid workers. This is particularly significant for those impacted by job cuts in the tech industry, which has witnessed over 200,000 job losses this year alone.
Swapnil Pillai noted that many individuals who were laid off from global tech firms are now viewing Dubai as a strategic base to contribute to its flourishing sectors. The shift towards hybrid work models triggered by the pandemic has led executives to explore new locations for establishing their work bases. Coastal cities with convenient airports and warm climates, like Dubai, have proven to be especially attractive.
A separate study by consultancy AWA, examining 22 countries, revealed that employees are currently only going into the office an average of 1.75 days per week. Consequently, 37% of employers are considering reducing their office space.
As rental rates in popular digital nomad hubs continue to climb, the affordability of prime rental properties has become a crucial factor in deciding relocation destinations. Lisbon, which held the top spot last year, has dropped to fifth place due to escalating rents.
Interestingly, Malaga, a Spanish city, has made a notable entry into the rankings, securing the second spot right after Dubai. Google’s establishment of a presence in Malaga earlier this year further underscores its growing allure to remote workers.
