10 business ideas in Dubai (2021 edition)
Dubai’s business environment is famous the world the world over. As well as an incredibly attractive tax regime – zero percent on both personal and corporate incomes – the emirate sits in the perfect global location from which to trade with Europe, Asia, North Africa and beyond.
Dubai is also known to be a welcoming environment for entrepreneurs – with numerous incentives and incubator schemes available to help startups thrive and grow. The emirate also regularly ranks within the top ten in the World Bank’s ease of doing business index.
Of course such an environment is home to a wealth of great opportunities, in everything from trading to tourism.
So, if you’re looking to start new business in Dubai, here are 10 potential business ideas for your consideration.
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.
2. 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.
There is plenty of scope for business ideas within the events industry, from large corporate exhibitions and trade shows to private events such as weddings and parties.
While construction may be an industry that requires a little more starting capital, the potential return can be enormous.
In early 2017, Dubai was home to over 3,200 active projects, worth an estimated USD 245bn. This figure has likely increased since in the run up to Expo 2020 – an event that has contributed some USD 42.5bn in construction projects.
4. Health and wellbeing
Dubai’s population is incredibly health conscious. So much so that the emirate contributes hugely to a UAE health and wellness market worth almost USD 3bn – the largest in the Middle East.
There is plenty of opportunity here for both healthcare and non-healthcare-professional. The health and wellbeing market is home to numerous subsectors. You could be a personal trainer, masseuse, or holistic therapist, or organise wellness programmes or trade in vitamins and supplements.
The inhabitants of a thriving city need to get from A to B – and many want to get there in style. That’s what lends this particular business idea so much scope. You could operate a bike taxi service, right up to limousine hire and chauffeur services.
Be sure to do your research first to get to know both the local area and the needs of its inhabitants. The demand for executive cars will be far higher in some areas of the emirate than others, for example.