The city of skyscrapers, yes, you guessed it correctly, it’s Dubai. After independence from Great Britain, the United Arab Emirates was formed. Dubai (Dubayy) is also known as the city of ports and beaches. The west flaunts sandy beach sides attracting tourists worldwide; along with this, it is a place where big businesses have emerged. Dubai is a city that is relatively open for upcoming enterprises and supports the development of the same.
Dubai is a comparatively crime-free city; moreover, Dubai experienced a tremendous rise in its population due to its friendly business environment. The initial hike was because of merchants and traders planning to reside due to business encouragement.
Origin of Free Trade Zone in Dubai
Trade is the soul that drives Dubai. During the city’s business encouraging strategies, in 1980, Jebel Ali Free Trade Zone was established. It was with the motive to attract industrial investments. A prevalent belief that Dubai has an oil-based economic sector leading to its development might be false. However, it still enjoyed the oil wealth in the 1960s and 1990s.
Dubai might not solely rely on its oil production, considering it to be a perishable resource. Therefore, trading and mercantile import-export have built their home in the hearts of Dubai. Because of the state’s appropriate political environment, this city facilitates investments, trade, and start-up opportunities for the town at once and the Emirates as a whole.
The opportunistic, resource-abundant, and business-friendly atmosphere of Dubai has enabled investors to establish and develop their businesses in the city.
According to the report of world banks’ ease of doing business 2020, the United Arab Emirates has a more straightforward prospect to establish your company than the rest of the Middle East. To be precise, Emirates is ranked within the top ten business-friendly nations because its government is making constant efforts to facilitate a business-friendly atmosphere and provide newer and better opportunities to existing investors and newcomers. Moreover, simple procedures and ease of development make Dubai a favorable location for establishing and expanding new business ideas.
Dubai has observed growth in its population over the years. Not only the natives but also the new traders are attracted towards the lands of Dubai in search of a market for their products.
Dubai, being the hub for small and larger businesses, this city stands to be the best business location for upcoming start-ups.
Who in today’s time is not willing to establish a business of their own? It requires a lot of hard work and dedication to making a business profitable. If a host can provide you with an excellent business adaptive situation, it will not be fantastic. Well, Dubai is one such host.
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So well, here we have for you the best business ideas to start in Dubai. Undoubtedly, Dubai is the hub for growing business; therefore, these are among the most profitable business ideas that you will be willing to establish in this city.
- E-commerce
If you are looking for a rapidly growing sector in Dubai, then e-commerce is one of them. As you can see in the US, China, or Europe, it won’t get much developed. But because Dubai is a city with a lot of diversity in taste and preference; hence, e-commerce can prove to be the best business idea in Dubai. There can be a huge market that can target considering its rapidly growing population.
- Construction
Dubai is the land of skyscrapers. Hence, there is no doubt that this city has an immense number of opportunities for engineers and persons willing to invest in the construction sector. Dubai being the capital has hosted various events and is on the constant verge of development. Their business in the construction sector is among the most profitable business ideas to operate in Dubai.
- Retail business
The city of Dubai is not just a home to large businesses, but also to small businesses. The retail sector is growing at a rapid speed. The rise in the population, economic expansion, and improved standard of living has facilitated the retail industry’s rate. For small business ideas planning to establish in Dubai, the retail sector is the best fit.
- Recruiting agency
The pace at which the economy of Emirates is growing would require a lot of human resources and skilled labor. Emirates being a small nation, such tremendous growth, may make it face a shortage of manpower. Therefore, people from Pakistan, India, and Europe migrate to the United Arab Emirates, searching for a job. It is the reason why recruitment agencies can be a good business idea in Dubai.
- Travel agency
Dubai not only facilitates businesses but is also the best tourist attraction. With a growing economy, it has a powerful impact of around 6.5 trillion USD. Moreover, people from worldwide are attracted to beaches, hotels, and skyscrapers. Therefore, a travel agency is one of the most profitable business ideas in Dubai.
Being one of the most popular tourist and investor attractions, Dubai facilitates its environment-friendly approach towards the development of small and large businesses. Moreover, business-friendly regulations make the business option profitable in Dubai.
Many agencies are working hard day and night to provide the most dependable local sponsors
that align perfectly with the goals and ambitions of the company. The best agency in Dubai is
SHURAA BUSINESS SETUP. To book a free consultation with Shuraa’s free zone company
formation specialist, CALL +971 44081900 or send a WHATSAPP to +971 50 777 5554 or
simply drop an EMAIL at info@shuraa.com
Anika Sharma