The favourable economic climate of Dubai has made many businesses over the world start operations in Dubai. With a growing expat population that is experienced, qualified and skilled, the chances of turning entrepreneur and starting a new business is ripe in Dubai. No-tax zones, easy incorporation and abundance of skilled manpower are the major attractions.
The government of the land has made its pro-business stance clear. Their aim is to convert the region into the fastest growing commercial capital of the world similar to London, New York, Tokyo or Shanghai. With so many amenities on offer, this could be your chance of exploring a financial opportunity that can help you turn over a fortune.
In this article, we are going to look at seven business ideas that you can explore in Dubai in 2022. With a steady and ever-growing market, the tiny Emirati region of Dubai is perfect for entrepreneurs looking to turn over a new leaf as far as starting a new business, or expanding their commercial horizons are concerned.
List of 7 Successful Business Ideas to Explore in Dubai in 2022
E-commerce Sector-
Digitalization is proceeding at breakneck speeds in Dubai. One of the most visible fallouts is in the Ecommerce space. Consumer habits are changing making it favourable to start an Ecommerce venture in the land. You can start an aggregator platform, a food delivery service or even explore starting a gifting platform to appeal to Dubai’s affluent target audiences.
Construction Space-
Infrastructure development is a top priority of the government. From residential villas to skyscrapers offering the best commercial office spaces, construction is taking place across the length and breadth of the island. Being part of the sector, even in a small capacity can help you size the growing opportunities that are offered in the space. This has excellent prospects.
Green Energy-
The UAE is slowly trying to move from its dependence on fossil fuels. One area that has captured the fancy of the Royal Family is the clean and green energy space. Solar farms are the future that will be integral in powering the city’s power requirements. You can try to set up a green energy solutions company in Dubai and access some of the incentives that are on offer.
Organic Farming Opportunities-
Just like green energy, there is an increasing focus on UAE being self-sustainable. Right now, they are paying other countries for all their essential supplies. Organic farming is a viable option especially for entrepreneurs looking at hydroponics and aquaponics. In the next few years, this is going to be a major industry and area of opportunity in the Middle East.
Real Estate Potential-
Every year, thousands of individuals move to Dubai. This includes expats moving to all parts of the world, including the USA, UK and other European countries. This has fuelled a demand not only for residential real estate, but also for commercial office spaces. Starting a real estate agency that helps with finding property to taking care of the paperwork is a great opportunity.
Consultancy Services-
If you do not want to set up your own business, there is one area where you can bring your experience and expertise. This is the dynamic and fast-growing realm of consultancy services. You can assist other businesses in planning growth strategies, hiring, carrying out paperwork and other areas. This can help you move from project to project and gain significantly.
Cleaning and Handyman Services-
With so many people moving to Dubai, new offices opening and business spaces coming up, the need for janitorial and handyman services are shooting through the roof. This is a simple business to set up that involves hiring people from other countries and offering high-end services. According to experts, this is one area that is going to witness major growth in 2022.
The Bottom Line
With an easy process to get your business off the ground, you need to work with a top Dubai law firm to help you with the incorporation process. They will also be able to handle your business contracts and ensure that your licenses and certifications are up-to-date. If you have any more questions, which you would like us to address on the subject, please let us know in the comments section below.