Dubai’s economy has undergone tremendous economic diversification over the past several decades as a result of its aggressive plan to establish itself as a major international centre for several different sectors. Entrepreneurs from outside and locally have established themselves in business setups in Dubai.
The Emirate’s pro-business atmosphere and rather simple market entry procedures continue to make it a desirable location for forward-thinking businesses, although Dubai’s largest sectors continue to be the key drivers of development and expansion.
Online Store Solutions
By 2023, the e-commerce business in Dubai is expected to contribute Dh12 billion to the local GDP, according to statistics. One of the fastest-growing eCommerce marketplaces in the MENA region and the entire world, according to investors, is expected to increase by 64.7% over the next five years. Increased internet usage, easier access to e-payment systems, and the availability of engaging online shopping experiences may all be credited with this expansion.
The List, a business setup in Dubai established in 2016, is one of several vying for the top spot in Dubai’s expanding e-commerce sector. Over $2.5 million has been invested in the firm to support its growth trajectory. E-commerce appeals to SMEs and business owners looking to get into this sector due to its easily available licencing needs and low startup costs.
Real Estate
Dubai has a strong real estate market, which attracts both domestic and international investors. Among all the top industries for growth in Dubai, it is one of the most profitable sectors. Since roughly 70% of Dubai’s population is made up of immigrants, the city’s real estate markets are supported by the ongoing migration of ex-pats.
The emergence of various businesses providing real estate listings and classified search services has been facilitated by the real estate boom in Dubai. While younger are cutting through the noise with concierge-type services for tenants and purchasers, they just secured $4 million in investment. Bayut acquired $20 million in investor backing back in 2016.
Wellness and Healthcare
While the COVID-19 epidemic presented previously unheard-of difficulties, it also provided several opportunities for creative businesses to provide solutions. Over the past few years, improvements have been made in both the public and private sectors of the Mainland Company Setup. By roughly 2025, most estimate that it will produce up to AED 39.4 billion.
With startups, digital applications that assist patients in finding and scheduling appointments have grown significantly. These businesses are poised for growth thanks to the investment of $12.3 million and $2.5 million, respectively.
Building Services
The construction sector is one of Dubai’s most sought-after occupations. Dubai is known for having some of the most stunning architectural sites in the whole globe. Being dominated by regional goliaths, the construction sector in Dubai may be one of the more difficult ones to get into, but supporting businesses that provide services to these goliaths is a worthy endeavour.
Participating in Dubai’s fastest-growing industry provides business owners and SMEs with exceptional chances to advance their ideas. Dubai Expo 2020 will host networking events to strengthen ties among the city’s business community, while commercial office space and company licences offer essential assistance to new competitors.
Business Setup Dubai provides SMEs and business owners with expert Mainland Company Setup. Our services have been specifically designed to assist customers in starting their businesses while overcoming the relevant regulatory procedures in the UAE.