Investment Opportunities in Dubai 2022
Being a promising destination for international trading & business opportunities, Dubai has emerged as one of the most developed & fastest growing countries in the world. Not only the locals but business entrepreneurs all over the world choose Dubai to open their business franchise or branch company as it is a hub of luxury tourist destinations & multicultural occasions.
Taxation advantages, strategic economic zones, a short period for company formation, lucrative tourist destinations, luxurious hotels & restaurants- these wide ranges of investment opportunities in Dubai attract investors all over the globe.
Dubai’s ever-growing economy & abundance of investment opportunities make it easy for the owner to incorporate small businesses into enterprise-level companies.
Are you an aspiring entrepreneur to start your venture in Dubai & looking for investment opportunities? Then in this article, you will get to know about 8 top investment ideas in Dubai 2022.
Let’s dig into it!
Factors That Will Make You Invest in Dubai
Once a desert, distant city of UAE, Dubai has progressed a lot in every aspect over all these years. As per Global Power Index 2020 (GPCI), Dubai has earned its place in the top 20 cities. It has become a hub of international trading for Asia, Africa & Europe. The reasons behind becoming a strong trading place are:
- Economic Zone: Dubai’s company formation is divided into 3 zones- Mainland, Freezone & Offshore. Each zone has its formation system, business types & trading system which open lots of opportunities for the business owners to explore.
- Taxations: One of the main reasons is the minimal taxation environment. You have to pay little or no taxes on income, interest, import, export & capital gains. Only businesses related to real estate need to pay multiple property taxes.
- Full Ownership For Foreign Investors: Not only for the in-house investors, but Dubai has also broadened its facilities for the foreign investors. They can open their branch office outside their registered office. Also don’t need any physical office spaces sometimes. Owners from other countries can run their company as a full entity.
- Strong Infrastructure: Dubai’s impressive & strong infrastructure is the reason why its real estate sector has moved forward to a smart recovery in this pandemic situation. 18% of the GDP growth of Dubai directly came from investment in infrastructure last year. Including Burj Khalifa, Dubai holds the world’s largest & tallest buildings. Also, Dubai International Airport is the busiest airport in terms of passengers. Apart from these, Premium property- Dubailand, Business Bay makes Dubai an advanced city with strong & best infrastructure in the Middle East.
Top 8 Investment Opportunities In Dubai
- Delivery Services For Ecommerce Business
Delivery businesses maybe those that have been successful throughout this pandemic period. Even Covid couldn’t stop people from shopping! As online shopping platforms, grocery platforms gained immense popularity, the necessity of fast delivery agent companies has increased. So, establishing a delivery platform can be a profitable idea in 2022 also.
2. Warehouse Facilities For Rent
As Dubai is famous for its strong infrastructure & also a central hub for business, investing in storage construction & giving them for rent is fruitful & also helpful for the store owners. If you own any physical store and also run your business from home, you might need extra warehouse or storage facilities to store raw materials or other things. Investing in a spacious space, you can allow companies to allocate their office or for simple warehouses at fair rates.
3. Business Of Jewellery Making
It is said that “ Dubai is a Mecca of Gold”. Dubai offers extraordinary facilities & great opportunities to incorporate gold trading business. It is the best place around the world to start your gold business or antique jewelry business in a full swing. You can make money in this business as a bead/jewelry maker or jewelry retailer. Contributing to 20% of the non-oil exports sector, gold trading in Dubai is one of the largest divisions of the UAE economy.
4. Tour & Travel Agencies
Dubai is considered a center of travel & tourism. Dubai attracts around 15.93M travel enthusiasts annually as it connects consumers from the Middle East, Indian Subcontinent & East Africa. These millions of tourists make investors invest in travel agencies as a startup or small business idea every year. Indeed it is the most profit-earning business in the UAE. A travel agency includes- booking flight tickets, transit visas, booking taxis/buses/car, hotel rental, restaurant booking & things related to tour.
5. Construction Subcontracting Business
Construction business is already developed & money-making business in Dubai. You will find hundreds of construction firms on the go in high demand. These construction firms need small companies to contribute to their big project. To build up a fully facilitated construction firm you need spacious space, large manpower to give quality full work as most of the work will be government projects & also private sector projects. So, if you have limited investment but want to contribute to the construction sector, then this subcontracting business may be helpful for you.
6. Real Estate
One of the most promising business opportunities in this list is the real estate business in Dubai. Having the world’s best hotels, apartments, office space, Dubai is considered a heaven for real estate. This is the safest business opportunity for the ex-pats as people from any other country can own property in Dubai. But, before investing in real estate you should consider some factors: property valuation, static location & purpose of investment. The property business is becoming more lucrative because of real estate development, brokerage & advanced property management systems.
7. Transport Business
A transport service business is another easy money-making business idea. One of the reasons for the demand for transport services as Dubai is a top tourist destination. So, taxi renting services or online cab booking services are always in demand. To start a transport business, you need to select your targeted area first. Besides this, trained drivers are a vital part of this business. Also, you can make an online transform service platform where only registered drivers will be applicable to provide service with their vehicles.
8. Job Agencies
Job agencies or recruiting businesses are another growing opportunities that will bloom in 2022 also. As a high demand for IT specialists, accountants. Nurses, building workers, partnering with any recruitment agency is the essential step. If you want to start a niche-based business with a minimum investment, then you can choose this career agency idea as it is a hot topic when it comes to finding professional employees for a particular field.
So, these are some demanding small business ideas for 2022, though you will get hundreds of other ideas in Dubai as it is a land of opportunities. To operate a successful business in Dubai you need clear knowledge about its economic zone, costing, market research, company registration, legal advisory & so on. You have to reach out to the best business setup service provider in Dubai alongside investing.
KWS is a leading Business Setup Consultant in Dubai that provides- any kind of business setup(Mainland, FreeZone & OffSore) in Dubai, business support(Trade license, Visa service, Legal Translation service, Trademark Registration, Company liquidation, Finding local sponsors) & so on.
