Execs want to be digital nomads, too. Here are 10 destinations that have what they're looking for.
- C-suite executives also want to enjoy the digital nomad lifestyle.
- Dubai and Abu Dhabi are among the best locations for them, according to Savills' Executive Nomad Index.
The stereotypical image of digital nomads brings to mind a young backpacker trying to explore the world while coding from a beach cafe. But they're not all like that.
Some C-suite leaders also want to embrace the benefits of the work-from-anywhere lifestyle. The destinations that suit them are just slightly different.
Dubai and Abu Dhabi are the most popular locations for executive nomads, according to its latest "Executive Nomad Index," a ranking of the top 25 places for long-term remote workers by the real estate broker Savills.
The two cities, both in the United Arab Emirates, ranked highly for their fast internet connectivity and good quality of life. But it was Dubai's air connectivity that helped it secure the top spot.
"Dubai and Abu Dhabi are incredibly appealing to executive nomads, because they offer everything you need to thrive both personally and professionally, from modern infrastructure to high quality of life," said Andrew Cummings, head of residential agency Middle East at Savills.
"We've seen a real focus on creating a lively business environment where there are plenty of opportunities to grow, build networks and make lifelong connections," he added.
To be considered in the Index, these locations must be in countries that offer a digital nomad visa or equivalent — temporary residence permits for remote workers — or be part of a "large economic bloc that allows free movement of people for living or work," Savills said. This means that certain locations are only an option for those who have the right to live and work there.
They are then measured on five overarching metrics: internet speed, quality of life, climate, air connectivity to other countries, and quality rental stock.
Quality of lifestyle and prime residential offerings are particularly strong considerations, the spokesperson added.
Savills' top 10 most popular destinations for executive nomads:
- Dubai, UAE
- Abu Dhabi, UAE
- Málaga, Spain
- Miami, USA
- Lisbon, Portugal
- Barcelona, Spain
- Palma, Spain
- Barbados
- Algarve, Portugal
- Saint Lucia
Thailand and South America are popular destinations for younger, more mobile digital nomads. However, executives are more likely to be older and have families, Savills said. That means quality of life, safe neighborhoods, and access to good healthcare and education are higher priorities.
Another benefit of remote work for the C-suite is avoiding higher taxes.
In London, new plans pitched by the recently elected Labour Party to increase taxes on some bonuses have led to estimates that the UK will lose 9,500 millionaires in 2024. The policy is driving up interest in cities like Dubai and Milan, Business Insider previously reported.