What does it take to launch a new business in Dubai and turn it into a multibillion-dollar brand in just a few years? What is the ease of doing business in the United Arab Emirates? Is it possible to start a business in Dubai without putting any money down? And what are the most profitable businesses in Dubai that don’t require a large investment?
I’ll share some of the best business ideas you can start in a part of Dubai even if you don’t have any startup capital in this article. But, before we get started, let’s take a look at the history of Dubai and its economy.
Dubai: Background Information
Dubai is one of the wealthiest of the seven emirates that make up the United Arab Emirates federation. Dubai is noted for its high-end shopping, sophisticated architecture, and vibrant nightlife.
The tourist and real estate sectors have seen a lot of innovation, which has contributed to Dubai’s economic success. Dubai is a business-friendly environment not only because of the high level of protection for people and property, but also because the majority of taxes are non-existent. The government of Dubai only implemented a 5% VAT in 2018, but the real estate property tax in Dubai is only 4%.
If you want to start a new business in the United Arab Emirates, you’ll need to engage a reputable human resource management agency and a qualified public accounting firm. Let’s look at some of the extremely successful company ideas that are so easy to start in Dubai now that we’ve learned some fascinating facts about the Dubai economy.
The Most Profitable Business Ideas You Can Start with a Low Budget in the United Arab Emirates
Setting up a business in Dubai is one of the best moves you can make if you ever want to expand your brand internationally. This is due to the fact that you will have a wide range of possibilities to pick from, ranging from tiny firms that can be started on a shoestring budget to those that would cost millions of dirham.
Even if you have a limited budget, here are some of the top business ideas you may start in Dubai this weekend:
Commercial Real Estate Marketing
In Dubai, real estate is one of the most well-established sectors. Starting a real estate marketing agency is the perfect place to start if you are a new business owner who wants to run a lucrative venture in the UAE’s most luxury metropolis.
In Dubai, anyone with good phone closing skills and marketing experience can sell houses worth millions of dollars. With an increasing number of entrepreneurs flocking to this opulent metropolis in the UAE, the need for residential and office space is growing. You can assist real estate investors in managing their properties as a marketer.
Real estate marketing has become a lucrative profession because to skyscrapers and luxury structures. Working as an intern at a real estate firm that uses new technologies such as artificial intelligence and a trustworthy financing system is a quick method to learn how to launch a real estate marketing agency in Dubai and make it successful. Learning how to become a successful real estate agent will only take a few months.
Artificial intelligence isn’t a brand-new modern technology when it comes to financing real estate developments. It has been in use in the United States for some time. In the midst of the COVID pandemic, marketing real estate properties will necessitate a knowledge of e-signature technology, which allows you to legally close property deals without having to see your partner or investor one-on-one.
Services for Couriers
Are you seeking for a new business that is both exciting and simple to start? You’ve come to the right place. You can start a courier service business today or at any time in the future. You are already qualified to do this pick-up and delivery service if you have a phone number and a car.
To run a successful courier service business in Dubai, all you need to do is be available to pick up an item or a shipment and deliver it to the buyer’s or receiver’s specified address, and you’ll get paid right away.
You must have relationships with grocery shop owners, foreign logistics businesses that do not have branch offices in Dubai, and establish a positive connection with your consumers in order to run this business successfully. To avoid losing your client’s faith, make sure the things are well-protected.
One of the primary reasons why operating a courier service business in the United Arab Emirates is a successful one is because they realize the benefits of outsourcing delivery in the e-commerce industry.
Agency for Travel and Tourism
Did you know that over 16.73 million people visited Dubai in 2019, with the number expected to rise to 20 million if the global pandemic hadn’t occurred? Overnight visitors from around the world spent $30.82 billion in 2018.
What drew so much money to Dubai in such a short period of time? This is due to the fact that Dubai is regarded as a major tourism hub around the world. The demand for travel and tourist agents is increasing, as you undoubtedly already know. As a result, someone must step forward to fill the position.
For anyone looking to start a business in Dubai, the tourist industry is a lucrative option. You may provide your clients with useful information such as how to find inexpensive or affordable flight tickets to Dubai, fantastic places to visit, and how to adjust to the new environment comfortably.
You may also bundle an information product that you can give away on your travel and tourism website to people who want to know how many tourists visited Dubai in 2021 and how to extend their visa (here’s a guide on how to write an information product in 7 days).
Here are three things you can do to attract more clients organically:
Find out how to open a tourist and travel agency in Dubai.
Become a part of Dubai’s best travel and tourist companies.
Overdeliver to your current clients so they will always suggest you.
Cleaning Service Concept
The need for a cleaning firm cannot be overstated, given the growing number of tourists, more expensive buildings, and international activities. In this post, I explain why business owners should use a commercial cleaning services.
Understanding how to use all cleaning chemicals and technical equipment is required to establish a cleaning company in Dubai without a large expenditure.
If you can operate the cleaning company on your own, you may choose to hire a dedicated workforce and split the profits with them. Hospitals, restaurants, residential unit owners, car owners, and other businesses will occasionally require your services.
Before starting your cleaning firm, you should conduct thorough research to determine the market demand for your product or service in various sections of the city. If you have the opportunity, prepare a cleaning firm business plan and interview industry experts.
As your cleaning firm grows and more employees are employed, talk to an insurance agent in your area to figure out what kind of insurance you’ll need. Cleaning company insurance coverage such as public liability insurance, employer’s liability insurance, and buildings and contents insurance are frequently required, particularly for cleaning companies in the United Kingdom.
A Digital Marketing Agency
If you decide to take the risk and establish your own internet marketing company, your journey to being one of the best digital marketing agencies in the UAE can begin right now.
All you need right now is your search engine optimization talents, content marketing skills, web design and development skills, advertising skills, and so on to start a profitable digital marketing company in Dubai. To be honest, you don’t even have to be an expert in any of these abilities. You’re ready for business if you know a little bit about all aspects of digital marketing and can manage a whole team.
Make sure you provide everything a consumer wants in a full-service digital marketing agency so they don’t go to one of your competitors.
Currently, blockchain technology is being used by a number of large-scale digital marketing firms in Dubai. Everyone should be aware of how blockchain technology is assisting in the fight against ad space fraud in digital marketing in Dubai.
What should you do if you can’t figure out how to start any of these company ideas from scratch for some reason? I recommend that you study Guy Kawasaki’s method for creating the perfect pitch that can obtain grants.
Which of these profitable company ideas do you think you’d like to start? Which of these businesses do you think is the simplest and most cost-effective to start in Dubai? Do you know of any investment opportunities in Abu Dhabi that require little or no capital, similar to the ones we highlighted in Dubai, so we may write a follow-up post? Contact us and we’ll take care of it.
Also Read: Managerial Skills: Five Skills every Manager should Develop
7 Business Ideas for a College Student
Dubai’s Ease of Doing Business
The United Arab Emirates is placed 16th out of 190 economies in terms of ease of doing business, according to the World Bank’s annual rankings. Despite sliding from 11 to 16 in the ease of doing business from 2018 to 2019, the UAE continues to lead the Middle East.
New Zealand, on the other hand, is ranked first in the world for ease of doing business, according to a World Bank annual report.
Here are the top 12 characteristics that the World Bank considers when comparing countries’ ease of doing business:
- Starting a company
2. Recruiting employees
3. Dealing with building permits
4. Getting access to electricity
5. Property registration
6. Obtaining credit
7. Minority investors are being protected.
8. Having to pay taxes
9. Cross-border commerce
10. Obtaining government contracts
11. Contract enforcement
12. Insolvency is a problem that needs to be solved.
If you’re thinking about starting a business in Hong Kong, which is ranked number three (3) in the ease of doing business report, here’s an article that will show you how to register your company in Hong Kong with ease, even if you’re a foreign citizen.
- Tags: Business
