Dubai is known as the investment capital of the Middle East with business ventures, opportunities and successful franchises frequently opening.
If you are interested in which industries have proven to be the most successful in Dubai for potential business investment purposes, this post will prove to be helpful.
Dubai is a fairly new city, founded from a scrap of dry desert, it has become the most cosmopolitan city in the world – comprising 83% foreign residence – and revenues increasing yearly to a whopping $8.14bn by the end of 2016.
There are some important details to consider when you are planning to invest in Dubai. In order to have a successful business, understanding what markets and industries are successful and booming are critical components to be considered. Also, understanding what market you will enter helps you to recognize what resources and talent you will need to scout for.
1. Real Estate
Although the real estate market in Dubai has shown slow progress in the past few years, it is expected to see strong rebounds in 2017 and peaks by 2020. Since rates are at their lowest, investors ought to take advantage of that opportunity. The 15th edition of Cityscape Global demonstrated upcoming real estate developments in the region, with around 300 exhibitors and 40,000 interested attendees. Moreover, since the population in Dubai is increasing yearly, the real estate market is the perfect way to benefit and make high profits from low rate investments.
Trading in Dubai is very the government is very open to foreign investments. there are a few things you need to take into consideration. First off, a local partner is needed for companies based out of the country. Secondly, it is important to gain insights and familiarize yourself with the region, as it can seem unfamiliar and different to foreigners Understanding local customs and behaviors will ensure a more successful implementation strategy.
Dubai is known to have a very well established and growing service sector. Industries such as finance and technology are ones to keep an eye out for, as they are currently growing and developing in Dubai.
4. Travel and Tourism
Dubai is considered one of the leading go-to destination spots in the world. It is a diversified hub and the travel and tourism industry is growing on average 8%-10% yearly. This growth is the main reason why many investors are choosing Dubai as a location, as well as tourism and travel as a business sector to enter into.
Due to Dubai acquiring a high social scene and a good meeting spot for families, businessmen and tourists, the country offers big opportunities for hospitality companies. With a high market share and huge demand, hotels and restaurants have a great opportunity to invest in this industry in Dubai.
Europe Emirates Group offers a wide range of services to expats and provides specialized details on starting a business in the UAE. We also deliver expert, tailored counseling on all aspects of this endeavor.