There is a reason why the UAE is doing things differently than the rest of the world. It may perhaps answer your question as to why the country is successful in whatever it put its eyes onto. One possible reason can be, them relying less on oil production as they know it’s going to run out someday and instead; providing merchants and traders lots of investment and startup opportunities to prove their mettle admits the UAE’s booming entrepreneurial scene.
This blog covers the aspect of various profitable business opportunities in Dubai for this year. Are you interested in starting a business in the Emirate? This article is just the answer you are looking for.
Best Businesses to Start in Dubai
This sector has seen a sudden boost in the recent years. Even though the e-commerce sector in the region is not as developed as in the Europe, US, or China, what is exciting is that there are a lot of shoppers that can be targeted. Dubai has a diverse population and diverse taste due to which an industry like e-commerce will last for a long run.
New buildings and skyscrapers are erected every new day in Dubai. This opens a huge opportunity for engineers and other professionals in the building and constructions sector. Dubai’s plan for expansion in infrastructure due to the upcoming events like Dubai Expo 2020 is also providing continuous traction for the growth.
This industry has been growing at a scorching pace with every passing year due to the factors like rise in population, robust economy, increased standard of living and continuous influx of foreign visitors. Therefore setting up a storefront, sales office or warehousing facility can be quite lucrative in a country like Dubai.
The Emirates is reeling under the shortage of manpower due to more and more businesses establishing in the country. With a fast growing economy, a lot of skilled employees are needed to keep industries in various sectors going. Millions of people from India, Europe, and Pakistan search for a job in the UAE and so they approach such hiring firms.
Dubai is a haven for tourists. It has emerged as a powerful industry with an economic impact of around 6.5 trillion U.S dollars worldwide. It has managed to grow year on year enticing people from across the globe offering a myriad of exciting elements like beaches, skyscrapers, hotels, shopping malls etc. Hence opening a Travel and Tourism Company can be a profitable option.
Healthcare industry is rising, and there is a high demand for professional and skillful doctors and clinics. Moreover, people from Asia and Africa are coming to UAE for treatment as it is comparatively cheaper than Europe and USA. There is a free zone ‘Dubai Healthcare City’ dedicated towards the healthcare sector in Dubai.
7.Business Consultancy Service
This is one of the most profitable and sought-after business sectors in the UAE. While it may demand extensive experience, the benefits outweigh the challenges. Before you start a consultancy business in Dubai, make sure you have all the applicable licenses from the authorities.
It is just like general trading but you save cost on having a physical office for this business. All you need is an inventory and delivery service. You can also start trading on third party websites to grab bigger market in less time. You can also build your own website and promote it to get direct customers.
Dubai has a lot of working population and they find it really hard to do the household stuff at their own. Housemaids in the UAE are an easy and affordable luxury; however, people prefer hiring them via professional service/business. Setting up a maid service or cleaning company is easy and can prove to be a success in short time. There are housemaid visas available as well for hiring maids from outside the country.
Having significant disposal income and good purchasing power makes it easier for people in the Emirates to dine out frequently. The only thing one needs to research is to check the environment where you intend to run the café ore restaurant and also decide on how you intend to attract customers to your restaurant.
This is a tricky business venture, but once you get the hold of it, this business will fetch you profits for a long run. One thing you need to decide is the type of advertising agency you want to start or the services you intend to offer. For example, if you want to be known for producing viral videos on YouTube or for crazy print adverts, let one of your services be seen as a flagship for the rest.
Beauty parlor or beauty salons provide products and services that enhance the client’s physical appearances and mental relaxation. This is one of the most trending beauty business ideas in the retail segment. You need to check the requirements for starting this business before taking the plunge.
13.Webpreneur (Web Development)
It includes online ventures like mobile app development, online marketing, content agency, online PR firm etc. E-commerce and web development are interlinked. Growth in one sector will give rise to growth in other sector.
There are many unexhausted opportunities in Dubai transport sector. Starting a transportation company can yield an impressive return for a passionate entrepreneur. The opportunities range from trans-city transport services to local taxi services. The economy of the country is expected to grow in 2019, so there is a high chance that this will have a direct impact on critical sectors such as transportation.
There are less security concerns in the UAE than most of the developed countries but individuals and businesses do not take a chance with their assets. Hence there has been a rise in demand for security personnel or guards in the country. If you cannot afford to start this business, you can still make money in the security sector by selling security devices such as alarm systems and surveillance cameras.
Dubai is also known as the ‘Mecca of Gold’ and ‘Dubai Diamonds’ are always the most sought after by tourists and other nationals. The country’s retail jewelers cater to customers from over 180 nationalities, expatriates, as well as tourists. You can setup shop as either as a jewelry maker, bead maker or jewelry merchant.
The Global Textile Industry, particularly the Apparel Industry has seen remarkable changes in the past few years. Tourists around the world flock in Dubai for tourism and shopping. It is famous for fashion apparels. Hence setting up an apparel business in the city if you have a good taste in clothes and are updated with the latest fashion, you are good to start this business.
Most of the people come to Dubai either for a job or to start a new venture. Many of them are not aware of the legal formalities that shall be undertaken while registering the business. This is where documentation or attestation service comes into picture. This become is also deemed as profitable in the UAE market
Entertainment business is a glamorous industry and strategic planning with knowledge is required to be successful in this business. Dubai certainly has an exciting audience and is welcoming to every kind of entertainment. You can have an Ad or Filmmaking business, career expo, dance studio, night club etc.
Due to presence of huge expat population in Dubai, there is an immense opportunity for anyone who wants to set up schools and colleges. The main requirements that you need are certifications, licenses, and infrastructure. If you don’t want to start a new school, you can buy a franchise.
Today, real estate is one of the booming industries in the United Arab Emirates. Dubai is a home to the tallest building in the world, ‘Burj Khalifa’. It also has many skyscrapers, artificial islands, and commercial and residential projects. So, there are opportunities in various segments of real estate. You can decide to venture into real estate development, property management, or brokerage.
There are many large scale businesses in the Emirates and there is also a huge demand for professionals that offer financial services such as auditing, accounting, and bookkeeping. If you have a solid background in any of these fields, you must definitely start this venture.
Delivering packages can help you earn a lot. If you have got a good car and phone then you can start this kind of business. You can get as many clients as possible and be known for timely delivery to be successful in this kind of business.
Owning and running a nightclub can be fresh and exciting. In today’s world people want to socialize with others and are willing to pay to use a gorgeous venue dedicated for this purpose. Success in nightclub business is very much possible if done properly; it demands dedication, and meticulous attention to the every detail of your business. If you have these things, then you can go ahead with this business.
25.Day Care Business
This business option can be started due to high rate of working couples in Dubai who cannot manage to take care of their child while working. Day care centres is not just for taking care of the child but also for learning new things and being able to warm up in a new environment.
Now that you have understood the various business opportunities provided in Dubai which can be profitable, you can start researching on the ones which interests you. However, remember that the success and the profitability in the business depend on how well you do it. if you do not input enough time and effort, you may end up losing it.
Do you have any queries?
We at Business Setup Worldwide can help you with starting any business in the UAE. Contact us today- we’d be glad to assist you.