Dubai is the land of constant opportunities! But what makes it a point of attraction is that the UAE government makes it easier for investors to build their businesses faster than any other Arab country.
Not only that UAE opens doors for you to invest in a healthy ecosystem, but also the “World Bank’s Ease of Doing Business ranking 2020 with 16th position in the global ranking of 190 countries.” Thus, you will get a seamless experience with the low fees and easy processes to establish your office.
Accordingly, Dubai is one of the sweet spots to start a profitable business, especially if you wish to kickstart a new business idea in a successful domain.
In this article, we will demonstrate some of the flourishing business fields to assist you in the process of the company formation in Dubai.
The healthcare sector became one of the predominant industries, especially after the tech revolution and the tremendous development in the last couple of years. After the technological evolution of digital transformation and artificial intelligence (AI), the health tech sector grabbed the attention of venture capitals and investors.
New medical mobile applications have come to life with enormous benefits for the public such as Sehhaty, DoctorUna, and HeyDoc medical apps.
Hence, if you are interested in this medical arena, the medical mobile applications can play a vital role in creating the best profitable business to start in Dubai.
UAE is famous for luxury cars due to the active automobile business field there. It’s a revived business that is full of opportunities. So, setting up a business in Dubai in the automobile field is easier than before. Thus, you can win a fair percentage of the market share if you start big with any available franchise in this automobile sector.
Speaking about the luxurious businesses that Dubai is famous for, we have to include the Real Estate sector as the best profitable business in Dubai. It’s a Cash Cow machine to invest in and reap the fruits of its profits. So, residential units and commercial offices are the unique point of sale to invest in.
One of the flourishing businesses in Dubai is the delivery services sector. Not to mention the ample delivery dimensions you can focus on. For instance, take Talabat as a live example of how they harvest the fruits of the F & B market penetration through the food delivery service they offer. Accordingly, they have over 75 percent of the food delivery market share in the UAE. Hence, you can find a new need to fulfill for your targeted niche.
The emerging market of online and ecommerce businesses is now doubling down to the endless opportunities it brings to young investors. Therefore, you can find a plethora of e-commerce business pain points which can yield profits out of the fulfilled needs of their customers. So, you can join them in building your e-commerce brand identity.
Speaking about online businesses, one cannot deny how the fashion and apparel industry was flourishing in the past few years, and it proves to be a more promising business area to tackle in the upcoming years. You can invest in luxurious brands or in a best-selling franchise that aspires for setting up a branch office in Dubai.
Another surging business field and the most profitable business in Dubai is cosmetics and MakeUp. As a result, the revenue of the cosmetics, beauty, and makeup fields is about to increase in the upcoming years.
According to Statista: “revenue in the Beauty & Personal Care market amounts to US$1,161m in 2023”. Thus, this is a winning card to play in your next investment game.
If you are looking for a profitable business in Dubai with a low investment budget then you can move your focus to the following sectors.
Continuous learning has become a buzzing topic for almost everyone, including ambitious calibers. Thus, the education, training, and e-learning sectors become points of attraction to young investors who are interested in establishing impactful businesses.
You can check the education heat map by the UAE Ministry of Economy that proves how increasing investments are in 2023 as the spending amount in this field reached 7.1 Billion.
Hence, the training and e-learning businesses are up-and-coming areas, especially for low-investment plans.
Another profitable and on-demand field is the bookkeeping business. It has a vital function in keeping enterprises’ finances more organized. If you’re interested in financial records and have a way with numbers, you can start a bookkeeping agency to offer financial services for small and medium enterprises (SMEs).
This bookkeeping agency is considered a low investment business idea because all you need to start a bookkeeping business is a solid plan with accounting software, and you can shoot.
To conclude, starting a business in the UAE is now easier than before. If you decide on a profitable business idea, now is the right time to unleash your determination and take your investment plan to the next level.
Yet, we highly recommend checking business consultation before kicking off your business to take the shortest roads towards success. Thus, you can contact us at Freezoner to assist you, and pave your way to building your business in Dubai.
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