Dubai Doing Better Job Than New York, Tokyo, And London As A Startup Oasis
Originally published in Startup MGZN (link below)
Dubai has recently been ranked #29 out of 85 nations in the world in the Startup Cities Index, beating rivals such as New York, Tokyo, and London. The survey by the furnished apartments platform Nestpick wanted to discover which cities offered the best quality of life for those working in the startup industry. The researchers found out that an experienced IT professional working for a Dubai startup took home about USD 76,000. It makes the Emirate the 14th best pay globally for these type of employees.
Dubai proved itself as a successful startup incubator. Young people are highly encouraged and motivated to think out of the box and present innovative solutions. Careem, yallacompare, Fetchr, Talabat are among the most renown young companies established in Dubai. Some of the big names in the industry like Antoine Massad, chairman of AJM International and chairman Beco Holdings; Patrick Vosgimorukian, managing partner of Digital Spring Ventures and many others agreed that the Emirate was a top destination when it came to starting a business.
According to Massad, a famous angel investor specialized in alternative and non-traditional investments in tech sector, and the UAE has witnessed a dynamic growth in startup industry. Abu Dhabi and Dubai offered world class conditions, favorable legislation, and many other amenities. No wonder the Emirates turned into a home for some of the leading venture capitalists in the world.