Business ideas are galore in Dubai. We have the task of just finding the right one. Business environment, policies, and tax regimes help a business gain the required momentum. Moreover, Dubai has many incubator schemes, incentives for start-ups. In addition, the location of Dubai makes it a desired place to do business. Dubai is ranked among the top ten nations in the world in the World Bank’s ease of doing business index.
Some of the Business Opportunities:
- Restaurants: There are many food joints in Dubai. People tend to eat out 2 to 3 times a week. Small outlets require low investment. For instance, a food truck, a market stall, a cafeteria, and likewise can be set up with very low investment.
- Event management: In association with Expo 2020, business meetings, exhibitions, trade shows will increase. There will be a lot of scope for parties, and other private events also. Therefore, event management companies will be in high demand.
- Construction: The construction business will see a high with Expo 2020 in line. The need for office spaces, restaurants, other buildings, and infrastructure facilities will increase. The investment will be a little more but there will be enough return to compensate for that.
- Health and fitness: The population of Dubai is health-conscious. There are many opportunities for health and non- health care business. Professions such as that of personal trainers, masseurs, therapists will be a great success. Wellness programs, the sale of vitamins, and supplements are other options.
- Transport: Dubai is known to have the best in class transport facilities. According to the need of the people, there can be different options like chauffeur services, taxi services, executive taxis, bike taxis, and the like.
- Freight and Cargo: Businessmen ship products to other countries with the help of cargo services. Expo 2020 will bring many opportunities for the cargo and freight business.
- Cleaning Business: Many shops, offices hotels, restaurants will require cleaning and maintenance services. Cleaning services will stand very important as everyone wants their space to be tidy.
- IT and Web development services: Many companies outsourcing their IT work to professionals. Design of websites and other computer and online-based works will be high on search as most of the works are done on digital platforms.
- E-Commerce: Due to the current pandemic of COVID-19, the eCommerce industry is really booming everywhere in the world. With the eCommerce license, you can also start selling on platforms like Amazon, noon, etc.
Dubai Expo and Business in Dubai
The ease of doing business is the main attraction in Dubai for businessmen. Other than that, the upcoming Dubai Expo has increased the business opportunities and ideas in Dubai. For instance, demand for skilled and unskilled laborers, residential spaces, office blocks, travel agents are on a high. Apart from that, the scope for law firms and legal advisors has also increased.
With the start of Expo, the business like printing, packaging, media advertising, and the like will have a huge scope. Similarly, the demand for hospitality business and travel agencies will increase.
Other than that, real estate marketing, clothing, and accessories, hospitality, and daycare business are some good business options in Dubai.
In short, Dubai is welcoming business houses and startups alike to set up their business in Dubai. They are also providing the required facilities and benefits to develop business. Therefore being filled with business opportunities.