Dubai has an ever-growing economy and the city is transforming itself to be the business hub of the world. Dubai’s business-friendly environment and multicultural population have made it a commercial-tourist hotspot, attracting people from all over the world to the city. Even after the COVID -19 pandemic which affected trade and business worldwide, Dubai’s economy was soon to get back on its feet, yielding a remarkable profit across various sectors. These incentives make Dubai the perfect place to start a profitable business and below given are the top five business sectors that yielded a profit in Dubai, despite the global pandemic.
01. Real- Estate Business.
The real estate sector in Dubai is one of the evergreen sectors in the city, yielding a remarkable profit through property markets. The efficient land and property regulations, effective commutability, and booming tourism and hospitality industry are few reasons why more and more people are making the mainland their home. Dubai government’s remarkable COVID-19 measures, along with highly anticipated global events like EXPO 2020 have contributed to record-breaking growth in the Real Estate sector in the first half of 2021 alone. With more people making Dubai their home, the Real-Estate business is one of the most profitable businesses to start in Dubai.
02. E- Commerce/ Web Development.
Internet is one of the inevitable services that we require in our present world, whether for personal or commercial uses. E-Commerce is the new method of trade as online marketplaces have become increasingly popular, especially after the COVID-19 pandemic. E-Commerce websites are highly in demand and so are the web developers who could cater to this never decreasing demand. Dubai, being an industrial epicenter and business hotspot of the world, has a high demand for competent website developers and concerning agencies. E-Commerce is the future of trade, and starting an E-Commerce/ Web Developing business in Dubai is a highly profitable idea.
03. Food and Restaurant Business.
Anywhere in the world, the food and restaurant sector is high in demand, and in a vibrant city like Dubai, the food industry is one of the highly rewarding business sectors. Dubai is home to over a million people, with a majority of residents depending on restaurants and food hubs on a daily basis. In addition to this, the city attracts a remarkable number of tourists, travelers, and foreign professionals from all over the world. The multicultural city has hotels and restaurants of international standards, along with SMEs and smaller restaurant chains for diverse culinary experiences. Starting a restaurant business in Dubai is, therefore, a safe and gainful idea, especially if it’s unique and competent to withstand the growing competition.
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04. Delivery Services.
The innovative transformations of the E-Commerce sector have provided us with the easy to track delivery services, whether it is food or online orders. Dubai, being a commercial hub hoards numerous shopping centers, malls, and hypermarkets with a majority of its population depending upon competent delivery apps and websites for their requirements. This, along with Dubai’s exceptional infrastructure, has helped in the growth of delivery services and agencies, especially during the COVID-19 pandemic. Starting a delivery servicing agency in a fast-pacing city like Dubai is definitely a lucrative move.
05. Health Startups and Healthcare.
The healthcare industry regardless of the city or its population is one of the unavoidable and highly profitable establishments in any part of the world. Dubai is considered the medical hub of the Middle East, with world-class hospitals and therapy centers. Dubai’s health sector consists of hospitals, clinics, therapy centers, rehabilitation centers, and massage parlors with the residents being aware and conscious about their health and well-being. Dubai health sector has been globally applauded for the efficient tackling of the COVID-19 pandemic, both private and public sectors showing a competent effort in curbing the disaster down. Dubai government is highly supportive of research and inventions in healthcare and the healthcare industry is viewed as one of the most profitable business setups in Dubai.
Starting a business in Dubai is effortless with the right idea about the changing trends and updating regulations. For the past 17 years, Flying Colour Business Setup has been helping clients set up their businesses in an easy and hassle-free manner. Please feel free to mail your queries at firstname.lastname@example.org or contact us at +971 4 4542366.