Thousands of different businesses are launched in the UAE yearly, specifically in its commercial capital, Dubai, which is the ideal hub to start a business because of low taxes, its vibrant economy, strategic location, and many more. Therefore, foreign entrepreneurs and investors are choosing the Emirates more often when establishing their new business projects. The procedure for registering a company in the UAE is quite simple, you need to register with the relevant Department and obtain a license.
With efficient startup support from Startup-n-Marketing that helps turn ideas into reality and accelerate business growth, forming a company in the UAE is made easier. Our team assists entrepreneurs through each step of the company formation process, helps you understand the nuances of local legislation, and helps legalize and form your business in the United Arab Emirates seamlessly.
If you’re looking to put up a business in Dubai, UAE, here are the 10 most successful niches you can consider:
- Construction
Dubai is home to the world’s tallest building, Burj Khalifa, the world’s largest retail complex, Dubai Mall, and other record-breaking global landmarks, so it’s no surprise that the construction niche is on top of this list. Cities are growing and putting up new infrastructures, building skyscrapers, roads, and industrial facilities, so the need for construction companies has increased.
Huge infrastructure projects aside, the capital has been receiving a lot of tourist attention. In the first half of the year 2022 alone, more than 10 million people visited the UAE, and some of them are considering obtaining a permanent residence visa. This increased the demand for housing, luxury real estate, commercial real estate, and retail space. So, if you have enough experience and knowledge in this area, you can safely consider this niche to start your business in. Companies that sell building materials also have great opportunities for development in the UAE. The construction sector in the Emirates has not even reached its peak yet, so it’s still alright to open a construction company in the UAE and expect a good outcome.
- Real Estate
With the Construction niche on the top of the list, up next is the launch of a real estate agency. Someone must look for clients for these thousands of residential and non-residential areas, and sell, lease, and manage real estate. Many people are leaving their home countries and need real estate for various purposes, may it be for housing, commercial (for their business), and many more. They go to the Emirates, as this region is considered the safest for doing business and living. Competition is constantly growing in this country, especially in its capital. Since this niche is in high demand, it’s time to enter the market. This niche has a lot of potential, which is why it is a great idea to open your own real estate agency.
- Food and Beverage
UAE leads in food and beverage sales in the Middle East, which makes this a very competitive niche. With its rapid growth, foreign and local investments and initiatives are made to boost domestic food and beverage production.
If you’re planning on putting up a business in this industry, you can consider opening a grocery supermarket, a restaurant business, or build a business on the import of food, greenhouse equipment, and packaging and commercial equipment for the food industry. This niche can seamlessly set you up for success since it is a constantly growing and competitive market.
- Cleaning Company
Cleaning companies are in high demand. You can offer household cleaning of apartments, commercial offices, or industrial production. To open this type of business in the mainland of the UAE, it is necessary to register with the Department of Economic Development (DED) and obtain a special license.
- Businesses in the Service Sector
Service-based businesses in the UAE thrive because of its growing and long-term sustainable market. The most popular service-based businesses in Dubai, UAE include ateliers, beauty salons, and car service. Other in-demand services include accounting, translations, call centers, medical centers, clinics, laboratories, sports clubs for adults, schools for children, event organization and entertainment, transport services and logistics, courier delivery, catering services, recruiting and many others. With the rapid economic growth and development in the service industry, it is an ideal niche to build your business in.
- Travel
The number of tourists that come to the UAE is growing every year, and the government is doing everything possible to increase this number even more as it strives to take first place in the ranking of the most popular destinations for tourism in the Global Destination Cities Index.
And this, in turn, gives an incentive for the development of business tourism, the organization of business networking, conferences, exhibitions, entertainment concert programs, and various corporate events. Thanks to this, other related niches that serve tourism are developing. If you’re planning to start a business in the travel niche, here are a few ideas that may help you: a travel agency, lodging business, ride sharing, guided tours, luggage delivery service, eco and urban excursions, and many more. With Dubai, UAE having the most diverse blueprint for tourism growth, building a business in the travel niche can set you up for success.
- Investment and Finance Niche
Dubai, UAE attracts large volumes of investments in the finance industry. Business activity in the commercial capital is constantly increasing, and the demand for lending services, financial leasing, money transfers, insurance services, start-ups and developments, and support for small and medium-sized businesses are also growing. Investment and finance businesses are supported by the state and are therefore exempt from paying taxes. With the foundation of the stock exchange in 2000, commodity exchange, financial market, the demand for brokerage services is growing.
- Production of Goods
Establishing a manufacturing business in Dubai, UAE can easily set you up for success. With the capital’s highly conducive environment, businesses that focus on the production of goods have a high opportunity for growth. UAE’s well-established logistics system, favorable geographical location, necessary resources, low tax system, government support for business, and large domestic demand contributes to the development of the production of goods. Among the potential businesses in this industry that you can consider are the production of building materials, aluminum and metal structures, machinery, spare parts and equipment, medicines and medical equipment, perfumes, food, clothing, and textiles.
- Import of Goods
The demand for imported goods is very high inside the country- this includes premium goods, exclusive goods, and luxury goods, and the increasing needs of the population cannot be fully met by local production alone. This is due to the high standard of living in the UAE. Some goods that are in high demand include auto parts, fruits, vegetables, meat, flour and flour products, agricultural fertilizers, fabrics, clothing, electrical goods, and household chemicals.
- Export and Re-Export of Goods
Importing and exporting goods into overseas markets from Dubai, UAE is an ideal business if you want maximum returns on your investment. The UAE exports gold items, diamonds, oil products, plastic, glass, essential oils, coffee, food, textiles, etc. into the foreign market. Major participants in this market consider the United Arab Emirates as a global trade hub where you can find anything for export. The logistics helps simplify all processes of import and export of goods and sale and delivery. With a business in this niche, you can explore and expand into international market opportunities.
Dubai’s comfortable economic environment allows you to organize a business of any scale, freely produce and sell goods and services, and enter international markets. The most attractive conditions for development are offered by the free economic zones of this country, so whatever niche you decide to start your business in, you’ll get huge opportunities for growth.
If you are planning to open your business in the United Arab Emirates, Startup-n-marketing (SnM) specialists are ready to help you choose the right jurisdiction and license for your business. For an individual consultation, fill out the feedback form, and as soon as we see the application, we will call you back.
