The UAE is quickly growing into a global technology hub, capturing the attention of Asian tech professionals. A recent survey by Capital.com reveals that 81% of Asian tech experts view the Middle Eastern country as an increasingly important tech destination. With nearly half expressing a willingness to relocate there, the UAE surpasses traditional favorites like Germany and Hong Kong in appeal.

UAE's Growing Tech Appeal

The survey, conducted across Singapore, Hong Kong, Vietnam, and India, highlights the UAE's attractive status in the tech industry. This emerging reputation is driving a noticeable shift in tech talent preferences. The UAE's supportive government policies and favorable business environment are key factors contributing to its growing appeal. 76% of respondents believe the UAE offers a conducive environment for tech development.

The region is now a prime relocation destination for tech professionals, competing closely with traditional tech hotspots such as Singapore and the UK. While 46% of respondents are eyeing Singapore and 57% the UK, the UAE's 45% is a noteworthy figure, indicating a significant rise in its attractiveness.

Commenting about the findings, Tarik Chebib, the CEO of Capital.com, Middle East, mentioned: “With 8 in 10 respondents from our recent survey recognizing the UAE as a competitive tech hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term, it's clear that the region is gaining momentum as a favorable destination for tech talent.”

“Asia's tech professionals have traditionally gravitated to cities in the UK, the US, and Singapore to further their careers, so it's encouraging to see the UAE stand shoulder-to-shoulder with this cohort and get the recognition it deserves as an attractive location to live and work,” he continued.

Government Support

The survey also emphasized the critical role of government support in enhancing the UAE's tech industry profile. A staggering 93% of respondents highlighted the importance of having a supportive government, which aligns with the UAE's focused efforts to nurture its tech ecosystem.

Key aspects such as advanced banking systems, visa provisions, and high-quality healthcare are viewed positively by tech professionals, further solidifying the UAE's position as a desirable relocation choice.

The potential for the UAE to attract and retain top tech talent is substantial. With 47% of respondents actively seeking relocation, the UAE could be well-positioned to harness this interest and continue its trajectory as a leading tech destination.

Early this year, Capital.com opened a new regional headquarters in the UAE. This initiative aligned with the firm's participation in the country's NextGenFDI initiative to attract digital businesses to the region.