UAE is one of the richest countries in the world that offers an excellent business environment for both the locals and the expatriates. Setting up a business in the country will give business owners high revenue if they pick the most profitable UAE business opportunities.
Various business opportunities can be found in the region. However, only some of them promise high returns on investment. Therefore, you need to pick only the best business opportunities. Moreover, it is essential to hire a market research UAE company so that you can get the revenue maximally.
The Most Promising UAE Business Opportunities
An Emirati market research company will give you the assistance needed to seize the business opportunities offered by the region. The assistance you’ll get is in the form of data, information, analysis, and suggestions related to the market, customers, and competitors.
When you are discussing the UAE business opportunities with the market research company you hire, it is recommended for you to consider these top 5 business opportunities.
- IT and Web Development
UAE is famous for its modern and smart city, i.e. Dubai. This region has over 1,200 tech startups. Despite its large number of tech-based companies, business opportunities in IT and web development remain wide open for investors and business owners.
It is profitable to start this business because there are thousands of registered businesses that need IT services, such as designing and maintaining corporate websites. In addition, companies in UAE also need online security, online marketing, and IT innovation services.
- Restaurants and Cafes
Another promising business opportunity in UAE is the culinary business or restaurants and cafes. Emiratis love to eat out in restaurants and cafes. They usually do it two or three times a week and around 17% of people in Dubai do it every day.
Emiratis also love to order takeaway. As a result, opening restaurants and cafes in UAE offers high revenue for business owners. And the best thing about it is that you do not need large capital to start this business.
Thousands of construction projects can be found in UAE. This fact shows that the country offers excellent construction business opportunities. However, you need large capital to start this business since those projects are worth millions of dollars.
UAE offers more affordable healthcare options for its citizens and citizens of nearby countries. It results in a large number of foreigners coming to this country in order to get healthcare services.
Opening a healthcare clinic in UAE will give you high revenue, but you require expert assistance to do it. Therefore, it is essential for you to hire a business and market consultant to make the process of opening this business easier to do.
For those of you who want to reach the health care market in the UAE, you can use the services of the best UAE Healthcare Consulting there.
UAE offers a large room for e-commerce businesses to grow. Currently, the e-commerce business in the region is not well developed compared to other modern countries. However, it is reported that e-commerce sales increased in 2020.
Therefore, you can take this opportunity to develop an e-commerce business and start selling various products online. Setting up this business may require relatively small capital, but you need assistance from a market research firm to penetrate the e-commerce market successfully.
Starting a business in UAE can be very profitable if you can seize one of the opportunities above. For expatriates, it is recommended to start it in the free zones because these zones offer tax exemption and other benefits.