Construction sector: -
Dubai is rapidly growing from all perspectives and you can see the positive result. Various sectors are increasing, the city is witnessing various skyscraper developments, social as well physical infrastructure too and for the construction sector, it is the best opportunity.
According to the Global Construction survey, the construction industry in the United Arab Emirates is expected to grow by 6.8% to reach AED 245,982 million in 2022.
Thus, if you are planning to new business set up in Dubai then you can consider the construction sector. This can be the better idea because certainly, you will encounter non-stop opportunities.
E-commerce:-
After COVID 19, the market scenario was completely different and everyone was under strict touch-less rules. At that time the E-commerce business became a boon for every single human being and had seen ample growth. Online purchase, digital payment, and contact-less delivery made life easy at that period and after that users/customers got more habited to that. So, this is another idea that you can try when you are going to a company set up in Dubai.
Additionally, UAE’s E-commerce has reached $5 billion in 2021 and it is expected that it will surpass $ 8 billion by 2025. This is the fastest growing sector with an average 75% of user is highly preferring to purchase online.
Travel and Tourism:-
Dubai is known as the top tourism destination in the world. Visitors from various countries every year explore this place. UAE has received total international guests of 1.27M in the year 2021 and 3.97M in 2022(Jan-Mar). The highest number of international guests from Oman at 463K. The city is witnessing the world’s popular tallest tower Burj Khalifa, the famous Burj Al Arab hotel, first artificial manmade archipelago Palm Jumeirah. Moreover, the city is going to receive other complimentary projects that will surely increase tourist visitation. Hence, you can try a hand at this business.
Sources of visitors by Regions (Jan-Mar 2022)
Countries
|
Percentage
|
Western Europe
|
24%
|
Eastern Europe (Russia, CIS, EE)
|
13%
|
MENA
|
12%
|
South Africa
|
14%
|
North Asia and South –East Asia
|
3%
|
Africa
|
4%
|
America
|
6%
|
Real Estate Agency:-
This is another emerging business in Dubai. Investors from across the world choose Dubai for real estate investment. In 2020 investment rate in Dubai was 65.6% and recently it surges to 73.7% which is indeed a rapid growth. Surely, investment in this sector will bring ample opportunity to you.
Also, UAE is inviting investors from different nations by providing them special offers like Gold Visa facilities for top-tier applicants, also grants full residency with no additional conditions. So, from that point of view setting up a real estate business in Dubai will be a wise idea.
Health sector:-
Surely, health care is a promising sector if you are planning to set up a new business in Dubai. UAE health care facilities are quite advanced because the country use advanced medical technology. And these technological advancements are increasing the opportunities for business in the health sector.
UAE Ranks 22nd in the world index of health care innovation. UAE imports products from 72 countries but receives 80% percent from 10 countries. And it is estimated that by 2030 the GCC nation will stand by itself.