Doing Business in Dubai: Top 4 Opportunities for Start Ups
1. Retail Business in Dubai - Though next only to London, Dubai is recognized as a high area for shopping by people across the world. The town state of Dubai is reputed to be home to more than 100 shopping malls that offer neurologist dubai almost any product or service you can think about. There is almost no other city in the middle-east that will offer the exact same comfort level as Dubai does.
What make retail business in Dubai so attractive are the 2 major shopping festivals - Dubai Shopping Festival and Dubai Summer Surprises. Though malls dominate Dubai's skyline, it can be common to see boutique style retail stores all over Dubai. Retail business in Dubai is estimated to be around USD 17 billion annually. You may demand a local sponsor to begin a retail business in Dubai. Market estimates have predicted a 15% growth rate for the retail business in the coming years.
2. Construction Business in Dubai - If you are about to begin a construction business in Dubai, you cannot find a better place than here. You will find at the least 2 major events - Expo 2020 and Dubai Wholesale City that is already attracting construction firms in hordes from all around the world. In addition to massive investments in high-rise buildings and hotels, Dubai also plans to strengthen its infrastructure on a great plane. Market surveys estimate the construction industry to cultivate by 9.3% next few years and peak around 2020 during the time of the time of Expo2020.
Early indications are that Dubai spent significantly more than USD42.2 in construction activities and potentially this can be more in the years ahead. The biggest patrons of construction industry in Dubai will be the healthcare and hospitality industry. It is estimated that Expo2020 will alone need near 160,000 rooms. To begin a construction business in Dubai, you will need to co-opt a nearby sponsor.
3. Food & Beverage and Hospitality Business in Dubai - It is but natural that F&B and hospital business in Dubai are destined to cultivate by leaps and bounds in the coming years. The us government of UAE and specially the Government of Dubai have traditionally considered tourism and hospitality as engines for growth and nation building. As an entrepreneur you can consider starting a cafe, hotel chain, and café or hotel apartment. On the list of major attraction for entrepreneurs may be the Dubai Sports City. The catering business in Dubai can be in for major changes considering that schools in Dubai are on the list of major benefactors of the catering industry.
You will find 3 major sectors within the catering industry to select - quick service restaurants, casual dining places and fine dining. There is also a huge market for ethnic food and beverages. Given that significantly more than three-fourth of individuals in Dubai are foreigners, you can also choose a niche eatery that offers quality food at affordable prices to migrants employed in Dubai.
4. Tourism Related Business in Dubai - Tourism is this type of wide sector and you can find endless opportunities for establishing a travel related business in Dubai. You can consider opening guide service, room booking and providing logistic supports. Within the tourism industry, you can consider a business related to healthcare. Dubai is reputed to have some of the finest hospitals around the globe with medical doctors and paramedical personnel working here. The us government also invests heavily in the tourism sector and is among the major areas by which Dubai hopes to become a world leader. Even conservative estimates claim that by 2020 Dubai's healthcare industry will attract not less than 0.5 million people generating an overall total revenue of AED 2.6 billion.
What makes Dubai so well suited for tourism may be the forthcoming Expo2020 and the planned Dubai Wholesale City Plan. Both have the ability to attract a million plus visitors annually in the immediate future. Dubai already includes a large hotel room capacity and occupancy is believed to be in the region of 85%.