Do you want to start a business in Dubai? And searching for promising business ideas with low investment?
Dubai is considered as the commercial capital of United Arab Emirates and has the favourable economy for business investment. This is the main business hub amongst Arab countries.
Here we have prepared a list of 30 ideas on how to start business investment in Dubai.
Dubai is popular as global ‘City of Opportunity.’ It has been ranked 1st for airport connections to business districts and 5th most affordable city in 2014. According to the PWC report, the state ranks 1st for lowest corporate tax rate globally, finishes 10th in cost of living, ranks 17th in the cost of business occupancy.
Dubai’s economy was initially built on revenues from the oil industry, revenue from petroleum and natural gas currently account for less than 2% of the emirate’s gross domestic product. The state became important ports of call for Western manufacturers. Today, UAE has focused its economy on tourism by building hotels and developing real estate. The city is also increasingly developing as a hub for service industries such as IT and finance, with the new Dubai International Financial Centre (DIFC).
The UAE economy is resilient and can accommodate changes to market dynamics, open new frontiers, and diversity thanks to the country’s strong infrastructure, technology, and logistics. The UAE seeks to create new sustainable and competitive economic models and adopt more flexible approaches that boost cooperation between the public and private sector. Be it in Dubai or outside of the state, starting a business in Dubai is a very encouraging decision from entrepreneurs point of view.
Procedure To Start A Business In Dubai
Dubai is an investor-friendly city. Starting a business in UAE only includes a few registration and documentation. Some of the basics are here.
Procedure Time Cost
- Reserve a company name and Apply for registration at the Department of Economic
- Development (DED) 1 day AED 110 for initial approval + AED 210 for name reservation
- Notarize the company’s Memorandum of Association at DED 1 day 0.25% of the capital (for 3 copies of the Memorandum of Association), AED 5 for each page of the additional copy
- File company documents with the Department for Economic Development (DED); Obtain trade licence and Register for membership at the Dubai Chamber of Commerce and Industry (DCCI) 3 days
- Apply for the establishment card at the Ministry of Labor 1 day AED 2,000
- Register native workers with the Ministry of Labor 1 day No charge
- Register native workers with the General Authority for Pension and Social Security
List Of 30 Profitable Business Ideas In Dubai With Low Investment
Dubai is a very potential market for advertising professionals. You can initiate different advertising service providing from home. As the business grows, you can come up with a full-fledged establishment.
Dubai is famous for fashion apparels. It is one of the most popular destinations for shoppers. Apparel is a lucrative field to invest in United Arab Emirates.
#3. Arts & Crafts Making
If you have a crafty mind and look for home based opportunity, then arts and crafts industry is just for you. Not only in Dubai, you can sell your product globally from online marketplaces.
Transportation is highly integrated with Dubai. Starting a business in the automobile industry is a perfect proposition for new entrepreneurs. Different franchise opportunities are also available.
Beauty and health care industry are booming like anything in United Arab Emirates. Service providing and retail outlets are the most profitable areas to cater.
This is one of the most profitable home based business ideas in Dubai. If you are an expert in this field, you can start this business with almost zero capital investment. This is somewhat of a future business as VAT will be fully implemented from the start of 2018.
#7. Computer Related Businesses
Computer is an essential item for every small and big business. In this current digital era, computer related businesses have shown increasing growth. You can start a business with small startup capital.
Consulting is one of the most profitable business ideas in Dubai for subject matter experts. According to your knowledge and experience, you can start any of consulting business even from home.
eCommerce is the most trending sector for investments. Online buying tendency of people and increasing spending capacity are the reason of the eCommerce growth. This business is highly management intensive.
Education industry is another booming sector in Dubai. Apart from traditional scopes, management institutes in different segments like hotel, hospitality are doing very well.
Dubai is very exciting for any entertainment industry. It has so many people from so many countries; there is certainly an enthusiastic audience.
#12. Fish Farming
The fast-growing population of Dubai has created a huge gap in demand and supply of seafood. Aquafarming is one of the most promising sectors for small business owners. The main driver of the aquaculture industry is a source of juveniles.
Any sort of business in the food industry is profitable in Dubai. Apart from the state’s own population, the country attracts huge visitors from across the globe.
#14. Green Business
Going green or becoming environmentally-friendly is now more than a trend and has become part of our culture, affecting an individual, local, and corporate initiatives.
Handyman service providers are on high demand in the country in various respect. You can start with individual services. Otherwise, you can form a company with different service offerings. Read More…
#16. Home Based Cooking Business
If you love and enjoy cooking you might be interested in starting a home based business on cooking. Any individual having with true passion about cooking can initiate this home based business with low capital investment. Read More…
#17. IT Industry
Dubai is the top business gateway for the Middle East and Africa. Dubai Internet City, now combined with Dubai Media City as part of TECOM (Dubai Technology, Electronic Commerce and Media Free Zone Authority). If you are an IT professional, you can start a business of your own in the country.
#18. Jewellery making
Dubai is considered as jewellery hub. Jewellery making is one of the best business ideas here. Country’s retail jewellers cater to customers from over 180 nationalities, expatriates as well as tourists. The jewellery that sells here is imported from over 30 countries.
#19. Oil & Gas
The revenue generated by sales of oil and gas comprise a significant proportion of the budget of the Emirates. This dependence is particularly strong in Abu Dhabi, which earns 55% of its budget and GDP from sales of carbohydrates.
Tourism in Dubai, the largest city of the United Arab Emirates, is an important part of the government’s strategy to maintain the flow of foreign cash into the emirate. There are several niche ideas to start a photography business in Dubai.
#21. Poultry Farming
Major poultry operations in Dubai are fully integrated, including on-farm slaughtering facilities. They also have their marketing, sales and distribution staff and some even retail directly. Medium and large scale poultry farming is profitable business in Dubai.
#22. Real Estate
Real estate business ideas in Dubai are the most lucrative segments to invest. The country is home to skyscrapers such as Emirates Towers, which are the 12th and 24th tallest buildings in the world and the Burj-al-Arab hotel, located on its own artificial island and currently the world’s fifth tallest and most expensive hotel.Residential projects and commercial real estates both are the profitable proposition for new entrepreneurs.
#23. Recruitment Agency
Dubai is one of the dream city for foreign job seekers. Recruitment is a key challenge as the indigenous population accounts for just 0.5% of the workforce, the balance will be drawn from outside the United Arab Emirates. This situation has created a strong Recruitment agency industry, scouring candidates to fill the increasing number of vacancies.
#24. Recycling Business
Any individual can earn handsome money from a home-based recycling business. The magnitude of garbage that we produce is increasing day-by-day at a disturbing rate. While most people are aware of the effects of not recycling used materials, much more are not even aware that recycling can be a lucrative business.
Economic improvements boost spending on retailing among locals, tourists and the expat community.
Internet retailing remains a small but growing channel in the country. You can start any sort of retail business by purchasing a franchise also.
Private investigation is a highly respected field that has grown significantly in the last few decades. Private investigators contribute significantly for law enforcement, cyber crime, surveillance and human resource.
The telecommunication industry in Dubai has grown at an annual rate of 20% over the past few years, and the increasing life standard has boosted the demand for digital lifestyle products.
Dubai is a hub of tourism industry including shopping tourism, business tourism, cultural tourism, sports tourism, medical tourism etc. Starting a business in the tourism industry is definitely a profitable venture for new entrepreneurs.
Dubai Govt. is providing high quality infrastructure facilities and an advanced transport and logistics network for the people of the country. Because of the growing population, experience a high amount of traffic congestion. The city has become the most congested city in the Middle East. Professionals working in the country spend an average of 1 hour and 45 minutes commuting to and from work. This has created opportunities for small entrepreneurs in transportation industry.
#30. Vending Machine
Dubai is considered as the shopping city. It attracts millions of travellers across the globe throughout the year. A vending machine is an advanced form of retail business. A vending machine is a simple machine that dispenses any items like foods, drinks, cigarettes, etc. Snacks and cold beverages are the largest product segments in the industry.
In this post, focus has been given in the most trending industry sectors of Dubai. This list of 30 profitable business ideas in Dubai will definitely help entrepreneurs to take a right decision of starting a business in Dubai.