In the last two decades, the United Arab Emirate (UAE) has seen a sea of transformation in almost all sectors. It has grown by manifolds as compared to the rest of the Middle East. It was once known only for its massive oil reserves and oil production. However, in the last 20 years, it has diversified, providing merchants and traders with huge investment and startup opportunities, which has resulted in the UAE’s booming entrepreneurial scene.
Today, UAE is one of the most preferred destinations for business. As per the World Bank’s Ease of Doing Business 2020 report, it is easier to set up a business in the UAE than in the rest of the Middle East. It ranks 16th worldwide. The entire company incorporation process in Dubai (UAE) takes just eight days and six simple procedures. The city is best for investment because of the abundance of resources and an investor-friendly atmosphere. The stability and harmony in the state’s political atmosphere add to the many qualities that make Dubai amongst the ideal places to invest. Constantly advancing the business environment provides all necessary facilities and opportunities for investors.
So if you plan to start a business in Dubai, below listed are the top eight business sectors in Dubai that offer promising returns:-
Last many years, the construction industry in Dubai saw an unparalleled rise. High-rise buildings and skyscrapers in Dubai made headlines the world over. Go anywhere in Dubai, and you will see new buildings with modern designs and structures. The sector opens vast opportunities for construction companies, engineers, architects, real estate developers, and various other professionals in this industry. The population of Dubai is expected to grow by many times in the near future, as a growing number of people from across the globe are making it their home. If you are looking for opportunities in the construction sector, it will not disappoint you.
The skilled workers’ services business is in high demand these days, and people are always looking for skilled workers from trusted agencies. Investors and entrepreneurs looking for business ideas can start this business by providing skilled worker services to clients who need them. The work area of experienced professionals is widespread, including repair, maintenance, electrical work, plumbing, masonry, carpenter, and many other jobs. There are different types of services to offer to your clients. Make sure you have the right license to open this agency. You can consult with a business setup consultant in Dubai to understand it better.
In the last few years, people have become very conscious about their looks and are found taking extra care of their skin and hair. This is why we see the skin and hair beauty business growing by leaps and bounds across the world, and the trend is also visible in Dubai (UAE). This can be another lucrative option for investors that provides services to improve people’s overall appearance.
As an increasing number of ex-pats are moving to Dubai for various purposes, the real estate industry that includes buying, selling, and renting properties in Dubai is also growing to cater to their residential and commercial needs. Be it a commercial property or industrial or residential property, and almost all types are in very high demand. If you want to start a business in the real estate sector, take advice from your business setup consultant and obtain the licenses and all necessary papers required by the authorities to operate smoothly.
Dubai’s tourism industry is vast, and it offers something to everyone. Dubai’s strategic location and wide range of options, along with its welcoming atmosphere, make it a perfect destination for vacationers who look for a travel destination that can offer them everything on every budget. It is one of the fastest-growing industries in Dubai. If you plan to start a business in Dubai, then the tourism sector is one of many profitable ventures for new and passionate entrepreneurs.
People throng the UAE market searching for good job opportunities as it is a dream city for job seekers from across the world. Moreover, for companies also, it is not easy to find experienced professionals, qualified and skilled employees, due to various reasons. The language barrier is another factor due to which companies see job agencies as the right choice to help them meet all tier requirements. Investors can start the business of a job agency quickly with minimal investment and ease. If you are looking for a lucrative business idea, you can consider this.
Since the global business community throngs Dubai for its excellent infrastructure and investor-friendly atmosphere, many business consultancy service providers have found an opportunity in this and opened consultancy firms to guide and advise investors willing to setup a business in Dubai. It is one of the high-demand areas as companies planning to establish in Dubai (UAE) seek complete business setup services in the city.
The digital solutions or digital marketing services market is growing fast in Dubai. Every business today wants to be successful online. So, if you are yet to find an idea to start a business in Dubai, digital marketing services is one area in which your business can thrive in Dubai.
Dubai is known as one of the most business-friendly cities in the world. If compared to other big cities, it is simpler and easier to start a business in Dubai. With the appropriate experience, good investment, and required knowledge, your business can succeed efficiently.
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