Dubai is known as one of the most successful, effective and popular business hubs in the World. Dubai has a good environment for working and starting a new business. The changes in the policies by the government of Dubai has opened the gates for foreign investors in the Business World in the city of Dubai.
The economy of Dubai is increasing at a fast rate and also the political condition of the city is unchanging. People have a high living standard in Dubai which has made Dubai a Successful Business center for both businessmen and companies. You have a lot of good fields to start a business in Dubai.
Below are some profitable business ideas to start in 2020 Dubai:
1: Construction Business
Construction is one of the best business ideas for a business in Dubai. Along with the enormous investments in high constructions or buildings, Dubai is also planning to reinforce its substructure on a dense plane. A Market survey has estimated that the construction business will rise by 9.3% in the coming few years and it would be at the top round 2020.
2: Retail
Next to London, Dubai is a top place for shopping by various tourists from all around the world. There are a number of shopping malls in Dubai which comprehend all kinds of products and services that you can think about. Dubai is the best place to start a rental business that can offer you great comfort.
Dubai Shopping Festival and Dubai Summer Surprises are the two shopping festivals that make the retail business more attractive in Dubai. It is estimated that the retail business would to be around 17 billion USD annually in Dubai by 2020. It is also estimated by the market that retail business will attain a 15% growth rate in the next coming years. To start a new business in Dubai, contact us today.
3: Tourism Related Business in Dubai
Tourism includes initial guide service, booking rooms and providing logistic support. Tourism-related business is becoming more popular in Dubai and is one of the best opportunities to start in Dubai in the 2020.
4: Food & Beverage and Hospitality Business in Dubai
Also known as F&B, Food & Beverage and Hospitality business are intended to grow by leaps and bounds in the next few years in Dubai. There are 3 chief sectors within the cookery industry to choose from:
- Quick Service Restaurants
- Casual Dining Places
- Fine Dining
5: The IT Industry
The IT industry is growing at an immense rate in the UAE. Also, the telecommunication market has grown at a massive scale driven by growing IT solutions over the earlier few years. This industry offers services like voice communications, television facilities, graphic designing and video streams data recording and analysis. You can earn a good profit by starting an IT Industry business in Dubai.
6: Oil & Gas Resources
The Middle East Region is rich in Oil & Gas Resources. This clearly shows the importance of the region and outlook of the worldwide oil marketplace. Oil and gas is one of the best business ideas to start in Dubai as it is rich in these resources. Despite being subjugated for years, the oil sector has enough room to accommodate the new investors to start a new business. This has been the pillar of the country’s economy for many years. Interested investors can start their own businesses in Dubai in 2020.
7: Food
It is an understatement that the food business succeeds everywhere. In the UAE, there’s always a high demand for food and snacks since there are more expatriates in Dubai than locals. Starting a food business in UAE means there will be a lot of profit.
9: Trading
Traders from all over the globe meet in Dubai to exchange goods and services. “Exports and imports” is a very common phrase as it is the people’s vital source of income. You can professionally export or import any marketable products. It is a fast-growing business in Dubai. To start a Trading business in Dubai Today, Contact us.
10: E-commerce
The e-commerce industry has spread all over in Dubai. If you start an e-commerce business in Dubai, it would prove to be a great idea. With many online businesses in Dubai, the business related to e-commerce would be advised as it is very profitable. You can start a business in Dubai through the e-commerce industry. For more information in this regard, contact us today.