Successful Business Ideas To Go For In The UAE
Dubai welcomes business entrepreneurs warmly making sure it provides opportunities equally. However, the hard part is coming up with a smart and effective business idea that could succeed. As we moved to a new era of technology after the pandemic, coming up with a business idea might be a bit challenging. Here are 10 business ideas for 2021.
Read More: Top 10 Richest Countries in The World
Restaurant
The UAE has more food and beverage outlets per capita than anywhere else in the world. But don’t let that put you off. The Emirates, and Dubai in particular, has an insatiable appetite for eating out. Around a third of residents eat out on average at least two to three times per week. What’s more, 17 percent eat out or order takeaway every single day.
This is one of the low investment ideas on this list. You don’t need a huge initial outlay to sate the appetite of Dubai’s army of diners – you could open a food truck, market stall, or cafeteria.
Events Company
Dubai is a global events hub. In total, the emirate’s events industry is estimated to be worth more than AED 165m (USD 45m). This is only set to grow with Expo 2020 on the horizon – the largest event of its kind to be held in the Middle East.
Construction
As we are entering Expo 2020 an event that has contributed some USD 42.5bn in construction projects, construction projects will more likely increase.
Health
The health and wellbeing market is home to numerous subsectors. You could be a personal trainer, masseuse, or holistic therapist, or organize wellness programs, or trade-in vitamins and supplements.
Real estate
Dubai’s real estate industry is famed for its impressive returns. After a relatively slow period, some areas in Dubai are returning yields of more than six percent — that’s higher than many major cities including London, Singapore, and Hong Kong.
There are other opportunities here too, outside of investment. The introduction of long-term visas, along with the relaxing of foreign ownership rules is likely to increase the number of expatriates in Dubai, which in turn increases the demand for property management services.
Web development
Here we have one of the more lucrative online business ideas in Dubai. Thousands of new businesses launch here every year – and they all need websites.
If you already have the requisite skills then all you require is a laptop and an internet connection. If you are new to the craft, training courses are plentiful and affordable.
Image Source: Unsplash
This article was previously published on UAE Moments.To see the original article, click here