After the pandemic, a lot of business was set up. The government’s business license issuing body – the Department of Economic Development (DED), proves that there was a 4% jump in the issuance of trade licenses in 2020. Dubai provides ample opportunities with business-friendly reforms and hassle-free resources available. Here is the list of the top 15 successful business ideas in Dubai.
1. IT solution
The best business to start in Dubai for entrepreneurs was to go digital. This is ideal for tech geeks to act on their online small business ideas. Dubai Media City (DMC) and Dubai Internet City(DIC) are designed to encourage the ID sector in Dubai. There is a demand for IT in hospitality, insurance, healthcare, logistics, trading, etc.
Providing web-based (customer relationship management, website, content management systems, e-commerce sites) and mobile-based solutions (social media integrations, native applications) for these industries is the need of the hour which will be a highly profitable business source. Modern technology such as artificial intelligence and robotic process automation has gained much popularity.
Now the taste and preferences of people have changed. They have adopted an online mood of browsing. It is considered one of the most successful business ideas in Dubai. With the big e-commerce companies dealing with large-scale logistics systems, thousands of vendors, and occasional complications with the digital font, entrepreneurs with any online business ideas can go for company registration in Dubai. You can check it in detail here.
3. Fashion and beauty
Dubai is known for its panache and glam. People being fashionable and classy are now in great Trent. The first thing which anyone notices in anybody is its fashion of things. Designing, fashion consulting, and tailoring are also gaining momentum. You can also opt for the fashion industry if you have a skillful mind. Dubai provides an excellent market for this.
Being your producer of things is the best way to gain prosperity. During the pandemic, the great and sudden demand for essentials like gloves, PPE suits, sanitizers, vitamins, etc., increased, which was controlled through manufacturing. Dubai provides manufacturing industries in printing paper, foods, drinks, perfumes, cosmetics, etc.
Logistics is the process of planning and executing the efficient storage of goods and transportation. It aims to meet customer requirements in a timely, cost-effective manner. With the increase in E-commerce, the demand for the logistics industry has also increased. With the seamless geographical connectivity with suppliers, the business could be simple and profitable.
6. Digital Marketing
Dubai has garnered attention from international and local organizations with its digital marketing. The city offers low tax rates, a pro-expats policy, advertisement agencies, and billboards for digital marketing.
Digital marketing helps us to achieve the target more quickly and is more fruitful.
Digital marketing provides
- Global and local market accessibility
- Advertisement at a lower cost
- Very easy to learn and understand
- Effective targeting
- Provide multiple strategies.
7. Cloud kitchen
A Cloud kitchen is also known as a virtual kitchen. It accepts orders via online platforms such as websites, mobile apps, and third-party platforms. These are the best business in such a complicated situation.
The benefits of cloud kitchen are:
- Low risk, high reward
- Easily manageable
- A broad audience base
- Low infrastructure cost
8. Consultant services
Each newly setup business needs to have a consultant regarding the market, its demand for the industry, customer interest, etc. However, even online ventures require company registration in Dubai. One crucial requirement to set up any consultancy in Dubai is that the company’s owner should have completed higher education. It is one of the successful business ideas in Dubai. You can check it out in detail here.
9. Specialty clinics
The business of beauty is never going to come down. People want to be looking in a specific manner which leads to increment in these clinics. The desire to look good constantly fuels the business of making people look good, even via aesthetic procedures. These include laser hair removal, cosmetic surgeries, etc.
Dubai is one of the most robust automobile markets, with a high influx of luxury cars. This is due to low entry barriers like low fuel costs, import tariffs, high per capita income, and favorable tax policies. Therefore this makes the entire automotive industry one of the best businesses in Dubai.
Dubai is called the city of golds, having some of the best single pieces of ornaments. The city provides a conducive environment for gold, diamonds, and precious metals business. The famous places in Dubai are-
•Dubai Multi Commodities Center (DMCC) – A hub for companies trading in commodities such as gold, diamond, and precious metals, among others. Those interested in trading in precious metals can benefit from DMCC
•Dubai Gold Souk – A traditional Deira market located in old Dubai. The Dubai Gold Souk is an institution and has been the heart and soul of Dubai’s gold trading market.
•Dubai Diamond and Gold Park – Comprises retailers that offer manufacturing blocks, custom-made jewelry, and commercial spaces.
12. Real state
Real estate is a famous business market because it is investor-friendly and adopts open economic policies that facilitate foreign direct investments. Dubai offers tax-free residential property purchases for UAE residents and no VAT for investors in residential property, making this one of the most in-demand businesses to start in Dubai.
13. Food and beverage
Dubai is now a hub of business comprising the people of different areas, and this opening of a food and beverage industry will be profitable. From Michelin-starred restaurants and chefs to cafes, concept dining, and food trucks, the city is continuously looking to bring in new offerings for its customers.
14. Retail Business
There is always room for starting a retail business in Dubai, as Dubai attracts a lot of tourism during the year. And thus, this increases shopping for products ranging from luxury brands to food, electronics, etc.
15. Tourism services
Dubai has a natural god-gifted gift of being tremendously beautiful. Dubai has been on the top of travel bucket lists witnessing around 16 million tourists visiting the city for various reasons. It is a tourist paradise due to its architectural marvels, world-class shopping malls with global brands, and overall local and cultural experiences. Opportunities for a broad spectrum of tourism subsets like adventure, food, leisure, sports, and culture. Thus starting travel tourism will also be a good option.
Why the Clever Corp Consultancy Services?
Our services give you a customized solution focused on your particular business and market, and we design strategies that enable our clients to achieve continuous growth and scale sustainably. To discuss more in detail your business plan, reach us today to have a suitable solution for your business dreams. We at Clever corp hold vast experience and our expert advisors are round the clock at your service to understand your idea better and get them into reality. Contact us at +971586412031 or +97145804048 to discuss with our experts at [email protected].