10 Highly Profitable Business Ideas in Dubai
Dubai – A name appearing to many people on planet as a dreamland has several unique opportunities to be offered to a businessmen and women. Dubai is a business thriving emirate and is a part of UAE. It has a unique advantage of location on global map. This location advantage provides it an opportunity to reach to more than a billion people on this planet from neighboring countries.
Zero income tax, 200 plus nationalities people residents, high class educational and healthcare facilities and sound law and order situation make it more attractive for people to relocate here with families.
For anyone to live and settle here in UAE the first thought comes in mind is that what he or she should do in order to earn living and create wealth in long run. We as business set up adviser, every single day face this question from potential client that which business he or she should start in Dubai? or which business has more potential to make money?
Of course, the possibility to achieve success in any business is purely dependent on the management. We still try to figure out following business opportunities which can be well established with minimum capital requirement and still providing fair chance to grow bigger. All these business might require anywhere between AED 100,000 to AED 300,000 investment.
Coffee shop
This is a shop servicing coffee, tea and prepared sandwich. It can be opened in a small shop around 200 sq.ft. This type of grab and go concept along with few seating can be created with low budget. Depending on location of shop, it can give an opportunity to run this business from morning breakfast till late night . Also it might not need more employees. Once settled, this mainland license in Dubai also provides an opportunity to open coffee kiosks in different hotel lobby or hospitals or universities. An investor can make decent profit with the investment range from AED 200,000 to AED 300,000.
Cafeteria
Under this concept, the investor can create a food menu to cook the food as the kitchen will also be part of it. The total space required including the kitchen will be a minimum 500 SQ.ft fit out of which minimum 200 SQ.FT should be the kitchen. This is also a very good business providing a steady source of income with an approximate investment of AED 200,000 to AED 300,000.
Cleaning services company
Under this business concept investors can recruit the cleaning staff and provide it to commercial and residential premises on an hourly or daily basis. This business also has good potential to provide decent profit to the owner. This business can be established with at least 15 to 20 cleaners with an investment of approximately AED 200,000 to AED 300,000.
Holiday home rental
Dubai Government has made it possible and legal to rent furnished apartments and villas under a holiday home rental license in Dubai on short-term basis. The license is approved by DTCM. Gradually the business owner can increase the number of rental properties. In the present time, it is also easy to get customers due to websites like Airbnb and Booking.com. It is possible to start this activity with an investment of approx. AED 300,000 with a few rental apartments.
Grocery Shop
This is a business which can be set up even in a small shop with a very small number of employees. The area of the shop shall be 130 sq. ft. or more. This business can be started with a capital of AED: 150.000 to AED 200.000 based on the location. Upon setting up grocery business in Dubai and attending full time with efficient home delivery, the investor can make monthly profit between AED 10,000 to AED 25,000. This business can be established with an appropriate investment of AED 150,000 to AED 250,000.
Beauty salon
This is also a business which can be started with very basic requirements. The required staff can also be easily recruited. The initial investment requirements will also be not so higher.
The high class customer services and affordable rates with effective social media marketing will help in generating very good client base and retaining them. This business can be established with the capital of AED 150,000 to AED 300,000 depending on location and size of shop.
Ladies garment/ Ecommerce / Tailoring
This could be a very attractive business idea for a female looking forward for starting her own business in Dubai. It can start from small tailoring shop and having a unique designing skill for various types of female garment. Effective social media marketing, excellent designing and quality product will help to build client base and retain them over a period of time. Also these dresses/ Garment can be sold online.
IT. Consultancy / Web designing / Digital marketing
This is a very easy to start type of company and can be started in beginning as one man show. Government also allows this license to start as an instant license for first year in Dubai mainland without physical office. In order to start this business as one man show without any employees the owner himself/herself must to have the technical skill to deliver the results. The competition could be higher but massive efforts from the entrepreneur could result in attractive income. This business can be started well under AED 35,000 to AED 50,000 in Dubai mainland.
Real Estate brokerage
This is a specialized license that could be very useful for someone who has an extensive experience in properties dealings. Real estate brokerage business has very big potential of generating big revenues as sometimes big deals can fetch big commission. Real Estate brokerage activity is fully regulated by RERA in Dubai. The initial investment required to set up Real Estate brokerage office well under AED 100,000.
Tourism
Dubai is considered as international tourism hub from so many decades. Dubai and UAE has world famous places like Burj Khalifa, Burj Al Arab, Dubai frame, Atlantis, Dubai mall, Gold Souq, Wild Wadi, Water Park, IMG World, Bollywood Park, Zayed mosque and many more countless attractions including hotels, resorts, restaurants, cafes and nightclubs. Tourists from all over the world come to Dubai for holidays and shopping. Tourism business has great potential to earn money. Tourism license in Dubai and office can be set up well under AED 70.000 initial investment.
All of the above mentioned businesses have very good potential to generate profits with scalability in future. We at Flyingcolour hope that people will take advantage of highly profitable business ideas in Dubai. This blog is written by Mr. Raj, Chairman of Flyingcolour Business Setup, Accounting & Tax Services, who strongly advocates that the only way towards fast growth is to be ‘Client Focused’. Feel free to call us today for a quality consultation related to your business setup queries. Please send inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366
