Dubai is a business hub which offers easy access to the huge number of consumer markets located in West Asia, Eastern Europe, Africa, CIS countries and is one of the topmost destinations for investors in the Middle East.
The government policy supports the growth of small businesses, as well as large corporations. Business opportunities in Dubai are open to all foreign investors being the major boost to the economy of Dubai.
There are many free zones in Dubai which offer various financial incentives to investors and that is why commerce is at its peak in Dubai. Setting up a business in Dubai is not difficult. Compared to other places in the world, taxation in Dubai is minimal and mostly non-existent except for only three sectors: tobacco processing, oil and banking.
Therefore, this tax-free environment is ideal for new and emerging businesses. If you intend to invest in Dubai, then you will have no problems in terms of setting up your business. But there is a need to know the best markets to invest in without wasting time. In order to be success-full in starting-up your activity, you must create first a business plan and so good research on your marketing and financial plan. You are required to register your business and contact consultants to get all the licenses needed. Below are 10 business idea opportunities in Dubai that will guarantee investors quick returns and good profit:
Construction of skyscrapers and modern new buildings are erected in Dubai with each passing day. This sector is continuously growing due to the arrival of new expatriates and offers a lot of opportunities to construction firms, architects, engineers and real estate developers. Therefore, investors can set up businesses that manufacture or sell raw materials used in building and construction.
Financial services. Due to the recent introduction of VAT in the UAE and also to the many large scale businesses, there is a big demand for professionals which offer financial services like bookkeepers, accountants, auditors. This is a good business which can offer a lot of opportunities and good profit.
Real Estate. Dubai used to be a desert but not anymore. Real estate is one of the biggest industries in the country. Construction firms often race for projects in various sectors including housing, industrial, and logistics among other construction project categories.
Environment. The rapid development of Dubai, the construction and industrialization are causing huge damage to the environment. This has created among the people awareness of protecting their environment. Green businesses are growing faster in Dubai which offers a lot of opportunities in various environmental protection services like waste recycling.
Travel and Tourism. Dubai is one of the major tourist destinations in the world, a travel agency is a good business to start-up. The travel and tourism has become a powerful industry. There are a lot of opportunities in the tourism sector and in all related activities like transportation, accommodation, restaurants, food services. Starting a travel and tourism business is definitely a profitable venture for new and passionate entrepreneurs.
Job Agencies. In a fast developing economy like that one of Dubai where a lot of skilled employees are needed to keep industries in various sectors going, a job agency specifically for skilled labourers, could be a good business. Dubai and also all the country is always in need of engineers, construction personnel, nurses, accountants, IT experts etc.
Trading. Traders from around the globe usually meet in Dubai to exchange goods and services. The phrase “exports and imports” is very common since the people’s major source of income is from trading. You can actually export or import any marketable products such as textiles, vehicles, fashion materials and plastic items.
Health Care Clinics. Healthcare industry is rising, and there is a high demand for professional and skilful doctors and clinics. Moreover, people from Asia and Africa are coming to UAE for treatment as it is cheaper than USA and Europe.
E-Commerce, web development, internet marketing, and online businesses are the most trending sector for investments. Despite the presence of huge malls and shopping centres in Dubai, online buying and purchasing tendency is constantly increasing. This business is growing and will continue to provide more opportunities to Webpreneurs.
Lady Beauty and Hair Salon. Dubai is a trendy city and always open to fashion and beauty. Therefore, to start up a lady beauty salon which includes hair, facial, nails and feet services is a good and profitable business. In order to be successful, you need to know the products and fashion trends.