Dubai is renowned for its excellent business environment. It lies on a strategic global location from where trading with Europe, Asia, North Africa and beyond becomes very convenient. Dubai (UAE) is also amongst the favourite hubs for people looking forward to opening businesses and offices for its incredibly attractive tax regime on both personal and corporate incomes. It also offers numerous incentives and incubator schemes available for startups to flourish and expand. The UAE is also a regularly rank holder in the World Bank’s index for top destinations for ease of doing business.

So, if you have plans to start a new business in Dubai, here are a few potential business ideas for you to consider. 

  1. Restaurant and Cafes

The cosmopolitan culture of Dubai has encouraged this vibrant city of the Middle East to cook food from every part of the world, making it a perfect destination for those who want to taste the flavours of east and west at the same place. You will find more food and beverage joints per capita in the UAE than anywhere else in the world. However, it does not stop investors from investing in the restaurant and cafes business as people in the Emirates, especially Dubai, have an excellent appetite for eating out. On average, almost one-third of the total residents eat out at least twice or thrice a week. You do not need to invest a bomb in this business initially, as you can open a food truck, food stalls or cafeteria to satiate the appetite of Dubai’s food lovers.

 

  1. Events Management Business

Dubai is one of the most sought-after events organising hubs in the world. As a result, the event industry has grown exponentially in the last few years and is expected to grow significantly in the coming years. This sector’s scope of business growth is massive, from large corporate exhibitions and trade shows to private events/functions such as weddings and parties.

 

  1. Construction Sector

In the last two decades after globalisation, the constriction industry has grown by leaps and bounds in Dubai. Though the construction industry requires a little more capital to start, it has the potentials for enormous returns. Moreover, since more and more global companies are making Dubai their home, we can see a massive opportunity in this sector.

 

  1. Freight and Cargo

Dubai is strategically located between the two worlds – the East and the West. Since it lies by the Arabian Gulf, it is incredibly well-connected by sea. Additionally, it is also easily accessible by land and air, making it the perfect location for a freight or cargo business.

Primarily, this business involves assisting manufacturers or traders who are on the lookout for shipping services in Dubai to ship their goods overseas. Setting up your office near airports and shipping yards will undoubtedly make your business attractive to the numerous Dubai businesses that need logistic services regularly.

 

  1. Real Estate

Ever since the advent of globalisation, the real estate industry in Dubai saw impressive growth. The global business community saw a massive opportunity due to its strategic location, easy taxation and ease of doing business, making it an ideal business hub for local and foreign investors. It is on an equidistance from both its East and West. If compared to other world cities like London, Singapore and Hong Kong, Dubai yields higher returns. The reason is, an increasing number of investors are on the lookout for both commercial and residential properties.

Are You Determined to Start a Business in Dubai?

If you are determined for a business setup in Dubai, then ensure you are taking all the proper steps to avoid any conflicts or hassle later. Make sure you are aware of local rules and regulations before your begin. Also, do decide in advance which sector you are planning to invest in to not end up with the wrong choice only to repent. The best is to hire a professional business setup consultant in Dubai with years of experience and knowledge to help you in the entire process efficiently.