The UAE has witnessed many successful entrepreneurs in recent decades. There is no doubt that Dubai, Abu Dubai, and other emirates in the country are the most fertile places to set up a business. However, Dubai is often the no.1 choice for foreign investors and entrepreneurs. There are countless reasons why Dubai is the top-most choice to start a business. The reasons could be-ultra-modern infrastructure, highly diversified economy, world-class financial centre, great transportation links and airline network, zero-tax regime, easy regulation for business setup, Stable and secure governance, and many more.
However, choosing the right type of business that is profitable, is something you should research first. Many times businesses fail because they choose a business type that does not work out and the business owners have no better option but to take the decision of company liquidation.
In case you're looking to start a business in Dubai, here are some successful business ideas you can keep in your consideration.
1. Real Estate
With the arrival of countless immigrants with and without family, businesses find another opportunity to generate revenue, which is real estate. As per the latest report, 8.92 million ex-pats take shelter in the UAE. And, Dubai with millions of tourists every year, opens the door for property investment. This clearly indicates there is a huge demand for property for sale or rent. You may Consider starting a business setup in Dubai where you can provide your clients with real estate services in different sectors such as residential, commercial and industrial fields.
2. Construction Sector
Dubai, as you may know, has the greatest infrastructure facilities, industrial units, skyscrapers, and many more. There are a wide number of industrial projects going around in Dubai. Construction is one such profitable field. There is a huge availability of construction workers, labourers, contractors, engineers, and more. You may consider setting up a business in the construction sector in Dubai if you have enough experience in this field. Or, you can start a business by offering construction materials.
Everything is looking for online service in 2022, especially after the pandemic. Dubai is a great place to start an online business. Remember, e-commerce solutions are one of the most successful business ideas in Dubai. Moreover, unlike a traditional business, setting up an e-commerce business doesn’t require a big investment at the initial stage. You can start with an online clothing store, or online furniture store depending on your interest and budget.
Tourism and hospitality are without any doubt profitable business ideas in Dubai. You will be amazed to know that Dubai ranks sixth in terms of the most-explored tourist destinations in the world. If you have an interest in travelling and you have experience in this field, you may consider opening a tourism enterprise. You could provide travel packages, travel-related hotel booking or even photography services.
5. Imports/Exports Service
See, UAE is positioned between the US and East and Western Europe. It positions perfectly in the middle of the international trade route. Dubai especially has an advanced infrastructure. Anyone can connect to this city by using transportation links by sea, land, and air.
This gives a great opportunity to import/export products seamlessly. And, the great news is that if you initiate an import business in a free zone, you will not be required to pay taxes on your goods.
Apart from that, there are also a few other profitable business ideas such as health sector, consultancy service, salon or parlour service or restaurant business.
We hope these business ideas will help you figure out which business type you should go for. However, selecting as well as setting up a new business in Dubai can be exciting and overwhelming.
We offer exceptional and professional support in the business setup in Dubai. Whatever business idea you have, we can help you set up your company in compliance with the rules and regulations of the government.