Yoga is a form of health and is gaining wider acceptance. The UAE is not far behind in this trend, and given Dubai's health-conscious population, there is a huge business opportunity for new yoga centers.
Yoga is now taken seriously by fitness and spiritual practitioners worldwide for various reasons, including mental stability and aiding in weight loss. Yoga has grown in popularity, with over 300 million people practicing yoga worldwide today.
There are numerous reasons and benefits to establishing a Dubai yoga studio. This blog will walk you through the advantages, procedures, and costs of installing a yoga center in Dubai. Let's get started.
What are the Advantages of Opening a Yoga Studio in Dubai?
There are several advantages if you are a well-trained yoga professional looking to open a yoga studio in Dubai. Here are a few notable examples:
- The Dubai population is self-conscious about their appearance, and yoga keeps them looking fit and healthy. As a result, yoga studios are in high demand in Dubai.
- Indians will account for approximately 27.5% of Dubai's population in 2022. You can take advantage of this because many Indians choose yoga as a form of exercise due to its Indian roots, creating a large market for yoga studios.
- Yoga is not just for Indians. In Western culture, it has evolved into both a necessity and a way of life for people worldwide, including Dubai. As a result, if you open a yoga center, you will quickly find a large clientele.
- Following the covid-19 pandemic, yoga has gained popularity because it includes breathing exercises to increase lung capacity. As a result, many yoga instructors and centers established an online presence, attracting even more customers.
- Yoga centers are considered to be health-related organizations because yoga falls under the health and wellness category. As a result, they receive substantial support and exciting incentives from the Dubai government.
- Another advantage of obtaining a yoga license in Dubai is that you can quickly expand your center's branches to other UAE emirates.
Now that you've learned about the advantages of your company formation in Dubai look at the yoga center formation process.
Procedure for Establishing a Yoga Center in Dubai
The process of establishing a Dubai yoga studio is relatively simple. What you must do is as follows:
- Choose a Legal Structure
The first step is to determine your yoga studio's legal structure. An LLC is the ideal business structure in the UAE, even though a partnership or sole proprietorship can be used to open a Dubai yoga center. This is because an LLC allows you to expand your business and establish it in other cities.
- Select Your Location
Following that, you must select an appropriate location for your yoga center. It is best to conduct some research to determine where yoga is in high demand among people. In this case, residential areas with less competition are preferable. Finally, starting a yoga studio on the Dubai mainland is better.
- Obtain Approval
Once you've decided on a location, you must obtain the necessary approvals. For example, you must first obtain permission from two different departments in Dubai to open a yoga center. Because yoga is classified as a sport, the first department is Yoga and Sports Welfare.
Furthermore, due to the general public's health and wellness benefits from yoga, the Ministry of Public Health must give its second approval. Depending on third-party operation approvals, the configuration process takes about 2 to 3 weeks.
- Collect all Required Documents
Following the approvals, you must gather the remaining documents. Your professional license or other recognition letters, passport, visa copies, and other required documents.
A business consultant can assist you in completing all of the necessary documents and getting them approved to obtain your yoga license in Dubai.
- Create a Bank Account
Now that you've submitted the documents and received the necessary approvals, you must open a corporate bank account. If your company is licensed, you must ensure that your customers can easily make cash and online payments.
As a result, a corporate bank account can facilitate smooth transactions and help you keep track of them all. However, it is essential to note that opening a bank account in Dubai can take up to four weeks.
What is the Cost of Opening a Yoga Studio?
You won't have to spend a fortune to set up your business in Dubai. Many instructors or professionals believe that yoga is best practiced in an open environment and that no investments are required.
A yoga studio can cost up to AED 25000, not including the yoga license fee in Dubai. Furthermore, the market fee of 2.5% and VAT of 5% are not included in this price.
Given the positive growth and rising popularity of yoga, opening a yoga studio in Dubai will allow you to profit handsomely. And now that you understand how to open a Dubai yoga center, you can do so in a matter of weeks. In addition, hiring a business setup consultant can help you save even more time.
The business setup professionals are highly experienced and can quickly assist you in establishing your yoga center. They will guide you through each step, assist you in developing a proper business plan, and even clear any doubts you may have.
They will also assist you in gathering all necessary documents and obtaining approvals from the relevant departments. Setting up a yoga center usually takes 6 to 8 weeks in Dubai.
However, the business consultants at Business Setup Worldwide can expedite the process, allowing you to set up your studio in a fraction of the time. You can contact us and give us your specifications, and we'll take care of the rest.
How much does a yoga teacher earn in Dubai?
The average income for Yoga teachers in Dubai is AED 9,094 per month.
Is it profitable to open a yoga studio?
Yoga studios are successful, with 15% to 25% profit margins. Various factors impact yoga studio profitability, including the number of students, space utilization, pricing strategy, revenue versus expense ratio, and community involvement. Yoga studios that only operate online have higher profit margins of up to 80%.
How much space is necessary for a yoga studio?
There is no absolute rule, but it's a good idea to assume that each practitioner will need about 21 square feet. This calculation considers a two-by-six-foot mat and accounts for an additional one to two feet per person.
What kind of floor is suitable for a yoga studio?
Yoga studio flooring should provide stable, firm footing without being too soft like carpet or too harsh like concrete. Due to their moderate cushioning and shock absorption, wood, cork, bamboo, or fitness mats make the best flooring materials.