Dubai has become the best place for people to establish a business there.
This is because it has a significant infrastructure and non-complicated business procedures. Most importantly, the UAE government is quite business-friendly.
There is no doubt that government policies help small and medium-sized businesses grow. Dubai offers many investment opportunities to business people across the globe.
In fact, Dubai wants to bring in creative people from worldwide because it wants to reposition itself as a knowledge-based economy built on new technologies.
In order to reach this goal, the UAE Government recently went one step further by letting foreign investors own 100% of a business.
In this environment, you should look into the sectors that offer innovators exciting growth opportunities.
These are the business investment ideas in Dubai you should consider:
1. Cloud Storage
Cloud storage solutions are in high demand around the world because they let even small businesses use cloud services without having to spend a lot of money on IT infrastructure.
Cloud computing has also become more important as more businesses include digital transformation in their business plans. The UAE cloud market is thought to be worth more than $325 million by the end of this year.
If you dream of starting a business, you can make that dream come true by joining an ecosystem that brings the latest Fintech solutions to Dubai.
As the needs of the financial community in the Middle East are always transforming, the Dubai International Financial Center (DIFC) plays a key role in bringing together established financial institutions, technology partners, and creative entrepreneurs.
So, if you are an innovator with unique Fintech solutions who wants to grow your startup in the Middle East, Dubai could be a good place to start.
3. Things on the Internet (IoT)
The Dubai Internet of Things (IoT) strategy aims to build the most advanced IoT ecosystem in the world.
This will protect Dubai’s digital wealth and encourage government departments to join the emirate’s smart transformation.
So, it would be smart to look into the chances that IoT offers.
4. Traveling & Tourism
Dubai has long been one of the most popular tourist spots in the world.
Many new theme parks are being built to bring in more tourists. So, if you want to try something new, you should work in travel and tourism.
5. Catering Business
The catering business is one of the low-cost business ideas in Dubai.
Unlike businesses that sell products, you do not need a shop in Dubai to run a catering business there, nor do you need a lot of money to buy inventory.
To start a catering service, you only need space at your house to prepare meals. You can promote your business for free on all social media channels, such as Instagram, Facebook, Twitter, etc.
Also, you should pay attention to how the food is packed, how it tastes and how well it is made, and how fast you serve it.
If you take care of these three things, you will not need to worry about marketing. Let the taste of your food speak for itself.
6. Construction Department
Dubai’s construction industry keeps growing as more infrastructure facilities, skyscrapers, and industrial units are built.
You might want to try your hand at constructing something.
If you have enough experience and skills in the field, setting up a construction business in Dubai is a great way to grow your business.
On the other hand, companies that sell building materials also have a lot of room for growth and are one of the best businesses to start in Dubai.
7. Real Estate Business
Most immigrants’ money in Dubai goes to rent their homes. To start a business in the emirate, people also need to rent a place.
Dubai is a goldmine for property brokers because it is full of tourists, ex-pats, and people looking for jobs.
Not only that, but short-term rental homes have become very popular among both investors and travelers in Dubai.
The best part is that starting a property rental business in Dubai is easy and does not require a lot of money. The price of a real estate broker’s license in Dubai starts from AED 12,500.
The price can go up or down depending on what kind of business is planned.
8. Workforce Supply
Dubai is very clean and has a world-class infrastructure, great public transportation, and better connections.
People used to build new apartments, repair the old ones, and keep roads in fine condition. Almost every kind of business grows quickly in the city, from manufacturing and recycling to restaurants and cafeterias.
Dubai is always in need of skilled and unskilled workers because there are always new businesses of all shapes and sizes opening up and a lot of ambitious job seekers and international visitors looking for better job opportunities.
Thus, starting a recruitment agency in Dubai is a wise decision.
To accomplish this task, you do not have to spend a lot of money to start a recruitment company in Dubai.
9. Handyman Business
A handyman service business has that much space to work in.
Whether it’s a government agency or a private company, a small business or a large corporation, a household or a business, a property owner or a tenant-landlord, a hotel or a small cafe, no business can be done without handyman services.
They do not know much about the subject and do not have time to deal with these kinds of tasks.
The good news is that you can find skilled people in the city of dreams. Pakistan, India, Bangladesh, Indonesia, the Philippines, and many other developing countries send many unemployed or underemployed people to Dubai to follow their dreams.
This is because the UAE government makes it easy to get a visa. So, you already know where your stock is and who your customers are!
All you have to do is decide what kind of handyman service you want. Depending on your skills, knowledge of the field, or personal interest, you can either do handyman work as a part-time job from home or start a full-fledged company with a few employees.
And the cherry on top is that you can start a handyman business in Dubai with very little money.
10. Café and Restaurant
People in the UAE can eat out more often because they have a lot of money to spend.
A small restaurant or café that serves a certain type of food or a mix of different types of food can be a good investment.
Mobile food trucks are becoming more popular in the UAE, especially in the Dubai area.
11. Dry Cleaning Service
Like cleaning and cooking, doing laundry is hard for people who work, so they always look for someone to help them.
Most people in the UAE want dry cleaning services, so if you want to start a laundry business here, you should consider it.
12. Maids and Cleaning Services
People who work are so busy with their jobs. Therefore, it is hard for them to do housework independently.
Most people hire housemaids through a company. Hence, you can establish this business.
13. Mobile Repairing
A new phone or gadget quickly replaces an older one, but most people do not buy a new phone or gadget until they already have one that works.
Most of the time, if something goes wrong, they first think of fixing it, not buying a new one.
If you know how to fix cell phones, this could be a very profitable business.
14. Freelance Writer
One of the best business ideas for Dubai is to start a freelance writing business. After 2020, more and more people will want to work from home.
If you can write well and have a lot of ideas, you might be good at freelance writing.
This is a great way to go because it is so flexible and can be used for any writing.
If you like to make up your own stories, you could start writing blogs for other people! They will tell you what you need to write and the keywords you need to use, and then you will be on your own.
You could find a job editing for that blog or website if you would rather work on the editing side. There are a lot of places to work in this field. So, if you know how to write and want to make some extra cash, go for it!
People have found that Dubai is the best place to start a business.
This is because it has a strong infrastructure and simple business methods. Most importantly, the government of the UAE is good for business.
Business people from all over the world can make investments in Dubai. In fact, Dubai wants to bring in creative people from all over the world.
These are the businesses you should consider:
- Cloud storage
- Things on the Internet (IoT)
- Traveling & Tourism
- Catering business
- Construction department
- Real Estate Business
- Workforce supply
- Handyman Business
- Café and restaurant
- Dry cleaning service
- Maids and cleaning services
- Mobile Repairing
- Freelance writer