The United Arab Emirates has long been known as a global hub for business and innovation, but recent statistics reveal some trends in immigration and economic growth that may be surprising to those who are unfamiliar with this growing corner of the Middle East.
One of the most striking facts about the UAE is the sheer scale of the expatriate population. As of 2024, an astounding 88% of the country’s total population were foreign born. This means that of the roughly 10 million residents of the UAE, nearly 9 million were born elsewhere. This demographic has transformed the UAE into a uniquely diverse tapestry of over 200 nationalities.
On the business front, Dubai has issued 45,653 new business licenses in just the first half of 2023, a surprising 33% increase compared to the previous year. This surge in entrepreneurship and corporate expansion reflects the UAE’s growing reputation as a startup haven and business-friendly environment. The country boasts a tax-free environment, with no income tax, and 9% corporate tax rate in many sectors and free zones, which adds to its allure.
Among the expats living in the UAE is businessman and philanthropist Michael James Burke. Born in Ireland, Burke has been living in the UAE since 2004. Having fallen in love with Dubai as a child on vacation, he got involved in UAE real estate and ultimately decided to make the UAE his full-time home.
Like many entrepreneurs, Burke benefits from the UAE’s business-oriented and tax-free approach. But there are other perks of living and doing business in the UAE that are less well known.
“The UAE is the safest place in the world,” he said. “There is just no crime here – you don’t have to worry about locking your car or leaving your purse somewhere. No one steals here. No one litters – the streets are clean, and you feel safe wherever you go.”
In fact, the UAE’s safety index score of 84.43 makes it the second safest country in the world, surpassed only by Iceland.
When asked if he misses Ireland, Burke talks about the vibrant Irish community located in the heart of Dubai. “People are surprised to learn that there are so many Irish expats here. But the Irish have been here for decades. Irish workers planned the beautiful, wide roads in this country. They built the horse racing industry in the UAE. We have our own sports leagues and community activities. It’s a little taste of home right here in the Middle East.”
As the UAE continues to evolve on the global stage, it presents a unique blend of opportunities for both individuals and businesses. The country’s commitment to safety, diversity, and economic growth has created an environment that attracts people from all corners of the world. From its tax-free incentives to its multicultural communities, the UAE offers a haven for those seeking new horizons. For businessmen like Michael James Burke, the UAE has become more than just a temporary destination—it has become a home.