Dubai is the commercial Capital of the United Arab Emirates (UAE). The success story of the last 30 years of Dubai, transforming from an oil-dependent desert to one of the leading economic and innovation city in the world, Dubai attract Hundreds of thousands investors and entrepreneurs every year to Dubai to set up their business here. This is because of the easy process of the company setup, commitment to sustainable development & economic diversification, progressive-minded government, and liberal corporate policies.
If you are looking to start a business in Dubai, here are a few options you can consider. The following industries have opportunity and potential returns in the near future.
1. Real Estate
Real estate is one of the most established industries in Dubai. Its city of sky skyscrapers includes world’s tallest building Burj Khalifa, The palm,Burj Al Arab and many more. Hundred of new projects in industrial, housing, aviation and commercial are in pipeline, this sector is expected to only further growth. This is the ideal time to be investing in the construction projects in Dubai. With the World Expo 2020 being hosted by Dubai, this industry is certain to receive an added advantage.
2. Financial Services
The UAE has quite an organized and advanced financial system in place, to support the large and SME businesses there. As such, the Banking, Financial Services & Insurance sector in the region is well developed. After VAT implementations there is a great demand for accounting, bookkeeping, auditing, and other financial services in Dubai.
Dubai is known for its ‘souks’, or bazaars at the initial stage especially those of jewelry. Now Dubai Has Many shopping malls such and Mall of the emirates and one of the biggest in world The Dubai Mall, the emirate is referred to as the shopping capital of the Middle East. There is an always prospect opportunities for Retail establishments and merchants in the city. Also the online retail industry growing. Amazon recently acquired the popular online retail souq.com.
Dubai attracts millions of tourists each year. It is one of the most preferred tourist destinations in the world. With the world-class hotels and resorts here. Businesses operating in the hospitality and tourism sector directly or indirectly can look forward to take the advantage of available opportunities in Dubai.
As of now, around 12% of the population of Dubai is school going age, and this figure is expected to rise in the future. Many international recognized institutes are already operating in Dubai it would require many more to fulfill the requirements. Therefore, more teaching professionals and educational institutions can look for expanding.
Dubai is a one of the developed city in the world, and the people here enjoy a comfortable living standard. People in Dubai care for their health and the mandatory health insurance requirements by the government, there is big demand for professional healthcare services. Business in the sector of health & wellness is sure to gets benefits in Dubai.
Trade is one of the major platform for Dubai. Import/export is the lifeline of the region. Everything from food, textiles, and jewelry to furniture, luxury items and vehicles, even drinking water is traded in Dubai. With the business-friendly and progressive environment, Dubai welcomes traders with open arms.
If you decided to open a business in Dubai, Contact us,We will help to establish your business dream in Dubai.