Top 10 Business to start in Dubai
Dubai is a place full of opportunities for local and foreign investors. Starting business in Dubai is very easy, thanks to business setup policies of the Dubai Government. Dubai welcomes entrepreneurs to prove their metal and provides opportunities to unlock their spirit. One can start any business in Dubai after getting approval and license from the appropriate governing authorities. Dubai has seen immense growth over the years and there are some sectors where growth has been abnormal. There are number of businesses you can start in Dubai, we have narrow it down to top 10 businesses you can start in Dubai.
Consultation and consulting is very famous and profitable business in Dubai. You can provide consultation services on number of matters like business setup in Dubai, Bank account opening in Dubai, visa services in Dubai, legal consultation in Dubai. If you have good knowledge about the city, the rising trends in Dubai market and license to operate as a consultant, this business is pretty profitable.
Ecommerce is another type of business that you can start in Dubai. It has been very famous since 2000. Dubai is loved for its duty free shopping and amazing shopping centers. Dubai has realized the importance of e-commerce. It is estimated that the total value of e-commerce in Dubai will reach 2.5 Billion$ by July 2018. The city framed for its endless luxury shopping malls has 46% online shoppers and stands among the top cities popular for online purchases. Surveys found that 30-40% of Dubai’s residents make online purchases at least twice a week.
Many entrepreneurs have exploited this change in shopping trend and have earned Millions by establishing E-commerce stores. Well, almost every brand today gives an option for home delivery of their products by making an online purchase and you can pay by Visa or Mater Cards
3. Food processing and delivery service
Dubai is a place where you can find the people from all around the world. Business of food processing and delivery service has been very popular. You can find the international food chains in Dubai. You can start your own food processing and delivery service business in Dubai. Dining out in Dubai is very famous among tourists. Restaurants and eating spots are directly related with hospitality industry. Tourists in Dubai are always looking for Good and cheap dining places. This is why food and restaurants is like a guaranteed successful business in Dubai.
Handyman demand is very high in Dubai, you can start you own handyman service in Dubai at very low cost. This business has high profit margins. Skilled labor for household work is pretty difficult to find in Dubai. There is always shortage of handyman. You can start your own business by hiring skilled labor with little investment.
5. IT industry
IT industry in Dubai is a thriving industry. You can start you IT business in Dubai where you can find state of the art and modern technology infrastructure. Dubai also has special economic zone for IT related businesses. World’s leading IT companies have offices in Dubai. This is because it’s very crucial for any company’s reputation to have a branch office or a representative office in Dubai. The success story of Careem (an online taxi service) has inspired a lot of software houses to develop applications and software that are useful for the masses.
6. Jewelry making
Dubai has one the biggest jewelry markets of the world. The leading names in jewelry making industry have their setups in Dubai. Dubai also has a free zone for Jewelry and precious stone business which is known as DMCC. You can start you own jewelry making business in Dubai. New designers are always encouraged as there is a dearth of newcomers in this industry. The locals of Dubai have a craze for Gold arts and crafts. Dubai is now the center of entertainment and fashion. Shoppers have keen interest in Dubai’s jewelry as it is good quality at relatively lesser rates. If you have interest in Jewelry making than start your own setup in Dubai, you will never regret.
7. Recruitment agency
Dubai is one of the leading economies and has always in need of skilled people from around the world. You can start you own business of providing cost effective work force from around the world. Dubai is a home for more than 120 plus nationals but employers are still complaining for competent and skilled labor. This demand is increasing day by day as more and more projects are starting. You can start your own recruitment agency and don’t worry about the clients; you will surely get a good number of them onboard within no time.
Dubai is one the top destinations of tourists therefore tourism business in Dubai is very profitable and famous. Every year millions of tourists visit Dubai. You can start this business from your home country by arranging their trips to Dubai. People are crazy to see the skyscrapers, the shopping centers, the Ferrari world and crazy palm islands. When a visitors lands in UAE, he looks for activities. You can start a business of adventure sports like horse riding, sky diving etc.
9. Real Estate
Real estate business in Dubai is most lucrative and profitable. Dubai has the sky line of buildings and also has the world’s tallest building. You can start your own Real Estate business in Dubai. The prophecy made by Gurus is that real estate sector will observe a continuous up rise in the following years to come. The fascinating reality is that this rise will be in all sectors of market including value of apartments and villas, rentals and prices of commercial properties in Dubai, Sharjah, Abu Dhabi, and overall UAE. This is because the UAE government is striving very hard to encourage investors and real estate shoppers. The rising trend of Real Estate operations is not just bounded to Dubai, it raised across UAE. The market is growing at a good pace and is proving to be very healthy for investors.
Fish farming is a very popular business in Dubai. Due to growing population the demand of sea food and is increasing day by day. You can start Fish farming business in Dubai to fill the gap of supply and demand in fish farming industry.
There is not even a single sector that has failed in Dubai, however; there may come rise and falls. Dubai has transformed itself from a fish market to an international market of modern world’s trade, commerce and industry. If you are willing to do any kind of business In UAE, we are here to provide you consultancy and help in establishing a successful business. Our team at Riz and Mona is ambitious to provide services to potential business owners, looking forward to expand in UAE. Feel free contact us anytime, we are always here to help you.