Doing business ideas in Dubai is becoming easier, with government procedures being reduced by 30% as part of an initiative to create a world-class startup ecosystem. With its entrepreneur-friendly business environment, favorable regulations, and tax benefits, Dubai remains a top destination for startups.
Looking for a new business opportunity or startup in Dubai with a high chance of success? We’ve compiled a list of the top 5 small business ideas you can pursue in Dubai.
What Are the Top 5 Small Business Opportunities in Dubai?
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Café or restaurant
For many years, the United Arab Emirates (UAE) has been at the forefront of the food and beverage industry, owing to a large influx of tourists and the presence of globally recognized food and beverage brands. As borders open and vaccines become available, there will be a significant increase in the number of people eating out in 2021, with revenue in the food and beverage industry expected to reach $317 million. However, the industry has undergone significant change since 2019.
The COVID-19 pandemic has hastened the adoption of technology-driven restaurant features such as countless orders and payments, restaurant management software (POS Systems), and marketing automation. To thrive in Dubai’s F&B industry, you’ll need to accommodate emerging technologies and keep up with Dubai’s food trends, as residents become more health and environmentally conscious.
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Property Management
Dubai’s economy and real estate market are both quickly recovering from the pandemic. Dubai house prices are expected to rise 2.5% in 2022, according to a Reuters survey of 11 property analysts conducted in August 2021.
Because of the increase in real estate value, apartment tenants have become villa owners to accommodate the need for a work-from-home environment, resulting in many international buyers and investors relocating to Dubai to participate in the luxury property market.
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Internet Store
E-commerce has been thriving in Dubai for many years and is still expanding rapidly. The e-commerce market is expected to generate $8,531 million in revenue in 2021, with a 10.16% annual growth rate between 2021 and 2025.
Starting an online business in Dubai is an excellent opportunity for any aspiring entrepreneur, as the UAE is one of the Middle East’s fastest-growing e-commerce markets. There are also numerous small business ideas available in the e-commerce industry, such as:
Online food store – During the COVID-19 outbreak in the UAE, online food sales increased by a factor of three, and this is expected to become the new norm in the post-pandemic period.
Traditional education is struggling to keep up with the current trend of digitization, so an online learning business is a viable option for entrepreneurs.
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Employment Agency
Thousands of businesses are established on Dubai’s shores each year, with 4,796 new licenses issued in February 2021 alone. Certificate attestation is important when starting a new business, With so many new businesses opening up every month, it’s no surprise that the UAE’s recruiting industry is thriving. It is also important to note that to fully saturate such a market, you must expand your reach beyond Dubai. As Dubai’s corporations refocus on the post-pandemic future, the ongoing trend of recruiting skilled professionals from abroad has Resulted in 85% of people in Dubai being expatriates.
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Dubai Travel and Tourism Agency
Dubai is one of the world’s most popular tourist destinations. It attracts millions of tourists each year, with 5.51 million international visitors expected in 2020 and 2.06 million expected from January to May 2021.
According to the most recent data released by Dubai’s Department of Tourism and Commerce Marketing, despite the current challenges faced by international markets, Dubai’s tourism recovery is gaining momentum. Due to the implementation of a strict preventive protocol system, Dubai has become one of the safest vacation destinations in the world. With borders opening up all over the world and Dubai already established as a safe destination, opening a travel agency or tourism business specializing in travel around Dubai and the Middle East is a good idea.