Business to start in Dubai
What is best for you?
Business to start in Dubai (United Arab Emirates) has turned many people into successful entrepreneurs in the past many decades. The investor-friendly regime has ensured that Dubai, Abu Dhabi, and other Emirates cities in the country are fertile for the growth and development of businesses. Consequently, Dubai is one of the top business destinations around the globe, and many foreigners are starting businesses in Dubai. With a focused and concerted effort, one can reap matchless benefits. At the same time, it is good to know the top 10 successful business ideas in Dubai, UAE. Therefore, you can choose the one that suits your business acumen and go ahead with company formation in Dubai. Which is the best business to start in Dubai? What are some of the most profitable businesses in Dubai?
We are discussing, one by one, the businesses to start in Dubai in 2024.
1. Travel and tourism business
Dubai is one of the world’s leading tourism destinations and tourism in Dubai is a major source of revenue. The city hosted 14.9 million overnight visitors in 2016. In 2018, Dubai was the fourth most-visited city in the world based on the number of international visitors.
You can give it a try and start a business.
2. Contraction Business
Dubai is continuing its growth with the establishment of infrastructure facilities, skyscrapers, industrial units and so on. You can consider trying your hands in the construction field. A business set up in the construction sector in Dubai offers excellent growth prospects if you have enough experience and expertise in the field. Alternately, the firms offering construction materials also have great scope and are among the best businesses to start in Dubai.
3. Ecommerce Business
In the contemporary UAE market, e-commerce solutions are among the most successful business ideas in Dubai. Unlike most of the other business fields, setting up an e-commerce business in Dubai doesn’t require a big investment. E-commerce solutions are witnessing exceptional growth, especially after the period of the COVID-19 pandemic.
4. Real Estate Brokerage
5. Healthcare Sector
Dubai provides widespread opportunities for businesses in the health sector. Obtain the requisite approvals and go ahead with your business plans to set up a business in the health sector. Reach out to us if you need support with business setup formalities or guidance on any related issues.
6. Consultancy Services
Those who have qualifications along with ample experience in a particular field can establish a business providing consultancy services. Make sure that you have all the approvals before setting up the company and starting business activities. Talk to us now to get detailed info regarding various consultancy businesses in Dubai and the prerequisites for the same.
7. Beauty Salon
Are you a qualified beautician? Or maybe you have a taste for the field. Then, go into the beauty salon business. The firm can be started with a low investment. It could be expanded subsequently, as you grow.
8. Restaurant Business
Food is one of the basic needs. A restaurant that offers quality food is going to be a success in Dubai. Since the emirate has numerous expats who are staying alone, the restaurant business in Dubai has a high probability of success.
9. Recruitment Agency
Ever since more and more businesses started opening up in the emirates, there has been a surge in the requirement of the workforce. With a recruitment business, you can easily leverage the growing market and earn profits.
10. Cleaning Services
Cleaning business in Dubai presents a good opportunity for entrepreneurs to enter Dubai’s flourishing market and carve a niche for themselves. You can either target the residential segment or offices and industries where cleaning services are required daily.
The Conclusion
Dubai is popular as the global ‘City of Opportunity.’ It has been ranked 1st for airport connections to business districts and 5th for the most affordable cities in 2014. According to the PWC report, the state ranks first for the lowest corporate tax rate globally and finishes 10th in the cost of living index. The country also ranks 17th in the cost of business occupancy.
That’s not a bad idea to invest in Dubai and enjoy low corporate tax income. The businesses listed above are the top 10 profitable business to start in Dubai. Perhaps there are many more opportunities that you can explore. That depends on your net worth. It’s also recommended to visit Dubai in person, make an assessment, and conduct market research to see where you can fit.
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