Dubai is becoming more attractive to corporations due to its favorable and open business environment, according to a report in Arabian News. 

Dubai’s office market has seen a surge in inquiries from the UK and Europe, along with other international markets. This is according to a new report from commercial real estate experts CORE. It says there is a strong drive among companies “wanting to expand in Dubai due to its favourable and open business environment”.

“In addition, Dubai is also seeing an influx of many international firms relocating their staff and operations from Russia and Ukraine,” said Robert Thomas, head of agency at CORE.

“Sectoral demand continues to be led by the services and technology fields, particularly fintech. In addition, with progressive cryptocurrency regulations and frameworks in place, Dubai is attracting many cryptocurrencies related businesses,” Thomas added.