Are you an entrepreneur looking for growth areas for your business in Dubai?Discover the top 5 opportunities for Dubai Business, so if you are in one these business already and you are not doing well, may be you are missing one or more from the tools needed, or you are out-dated - Keep your self in the market & Keep updating your business model to fit your market changes
1. Business setup in Dubai: Real Estate
One of the prime business opportunities in Dubai is real estate. That’s right; the real estate industry in Dubai alone contributes 22% to the city’s GDP.
Construction projects are undertaken by both local and foreign companies. Architects come from all over the world. The projects are designed to meet the needs of international investors and tourists alike.
Delving into the real estate market in Dubai does have its challenges:
- Like finding the right property to invest in
- Return on investment possibilities
- Taking advantage of the city’s tourism traffic via hotels and serviced apartments
- Rentals as monthly income.
2. Business set up in Dubai: Travel and tours
Many travel companies have a business set up in Dubai. Dubai is the travel hub of the Middle East.
Tourism traffic to Dubai is expected to cross 10 mn arrivals in the next 5 years. This is more than many neighboring countries.
Emirates Airlines has very successfully created Dubai Airport as a convenient travel hub. This brings increasing number of transit passengers.
Fly Dubai the country’s discount airline has strategically chosen to tap into second tier markets within a 3,000 km radius.
However these are destination flights and many travel agents both from Dubai and international markets offer inexpensive packages. This new direction has brought in large numbers of tourists from cities which were unknown to Dubai earlier.
Tourist traffic to Dubai is now growing at 8 to 10% per year as is the market for businesses serving them
3. Business set up in Dubai: Hotels and Clubs
Again, tourism has made a large impact on the types of businesses that are expanding. Many home grown entrepreneurs have gone from a small bar to multiple hotels.
Generally alcohol licenses are issued only to 4 and 5 star hotels.
4. Business set up in Dubai: Trade
UAE applies zero personal, corporate, wealth and capital gains taxes. Custom duties are nominal.
With a population of more than 1.7 bn people within a 3000 km radius, Dubai is well located to facilitate cross country trade. It has also been blessed with troubled neighbors.
5. Business set up in Dubai: IT/IS Sector
Most of the international Software and IT/Hardware companies opens headquarter in Dubai, giving the all sector the power and support, which makes it easier for Software and IT/Hardware vendors to grow.
Return of Investment in Software Sector between 50% - 60% , the investment required for startups 250 AED (70k $).
One of the most important aspect behind this sector is you can easily find skilled employees in the market.
The popular sectors requires Software and IT/Hardware are hospitality, hospitals, manufacturers and schools.
Note that there are various additional requirements by the Labor Ministry for this industry. Please inquire about these before you go ahead.
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