Absolutely, Dubai is becoming a go-to spot for financial activities, especially for those in newer industries like cryptocurrencies. And besides the business perks, Dubai also offers a fantastic lifestyle and plenty of networking opportunities.
I don't believe things that are discussed on paper but I like reality. The reason why I like Arabic big Arabic countries is because they don't ask for task and this help new business to prosper as they don't need to think a the time about paying tax but Dubai system is more than you think. You can't just move in even though you are granted their visa, you need some money to be paid before you can start a business there, it's one time I think before you can move down there.
Another thing about Dubai is that they don't employ foreigners like the UK and the Canada, these two European countries are among the biggest states that provides job opportunities to foreigners even though they are discriminating sometimes and ask for high tax, you don't see such privileges in Dubai for foreigners and this why you see people don't go there despite been tax fee country.