UAE is doing things differently than the rest of the Middle East. They are relying less on oil production as they know it’s going to run out someday so instead, UAE is providing merchants and traders lots of investment and startup opportunities to prove their mettle admits the UAE’s booming entrepreneurial scene.

The UAE is an ideal place to start any business. According to the World Bank’s Ease of Doing Business 2020 report, setting up a business in the UAE is easier than the rest of the Middle East and the nation ranks 16 worldwide. It only takes eight days and six simple procedures to start a company in UAE. Dubai is further the best place in UAE for investment because of the abundance of resources and a healthy business climate brought by the stability and harmony in the state’s political atmosphere. The Dubai rulers are constantly working hard to improve the business environment and providing more and more facilities and opportunities for investors.

So if you want to start a business in Dubai, our company has done a little research to find out the top 10 business sectors in Dubai that offer a promising ROI without holding back. This will give you a small idea of what you are capable of investing in.

10 Successful Best Business in Dubai, UAE

1. Construction

Construction of high-rise buildings and skyscrapers in Dubai is not slowing down. New buildings with modern designs and structures are erected in Dubai with every passing day. A huge door of opportunities are wide open for engineers, construction firms, architects, real estate developers and several other professionals in this sector. The population of Dubai is growing insanely and is expected to multiply as expats are just pouring into the city, looking for opportunities to make their lives better. So an investor can set up a manufacturing business or real estate development firm, or they can sell materials used in construction.

2. Handyman

Handyman services business is on the peak as they are of high demand and people are always looking for skilled workers and trusted agencies. You can even start this business by providing individuals services of a small job for the clients who don’t find the time or lack the skills to do the work themselves. The working area of a handyman is diverse. It includes maintenance, repair, plumbing, and other electrical jobs so that you can offer different types of services to your clients.

To start this business, you must create a plan first and so good research on your marketing and financial plan. As per state laws, you are required to register your business and contact consultants to get all the licenses you are required to have. However, this is a promising business if you have skilled labor.

You Might Also Like to Read: Top Startups From Dubai

3. Beauty and Hair Salon

The residents of Dubai are too conscious when it comes to fashion and beauty. The reason being is that Dubai is a happening city and every day you will find something new and exciting going on in the Downtown. You can set up a ladies beauty salon in Dubai that provides services to improve beauty. This includes hair, nails, feet and facial services. You must know the requirements for imitating this business and also have a vast knowledge of products and Dubai fashion trends.

4. Real Estate Agents

As the number of expats is increasing by each passing day, the real estate affairs like buying, selling and renting of properties in Dubai are also increasing. The residents demand professional and trustworthy agents to make their property dealings smooth. For this business, you must take advice from your consultancy agency and get all the licenses required by the authorities to operate.

5. Oil and Gas

Oil and gas industry remains a dominant sector in Dubai, and all operations like exploration, extraction, transportation, and distribution are generating revenue for investors. Although it demands large-scale investment and services, some segments offer small and medium scale business ideas. The business startup requires thoughtful planning and market, and you can start a business in the industry that offers lucrative investment opportunities.

6. Travel and Tourism

Dubai is a haven for tourists. There are opportunities in all kinds of tourism including shopping tourism, business tourism, sports tourism, cultural tourism, and medical tourism, etc. There are several other things related to tourism like restaurants, food services, transportation, hotels, and photography. The travel and tourism has emerged as a powerful industry with an annual economic impact of around 6.5 trillion U.S. dollars worldwide. Starting a travel and tourism business is definitely a profitable venture for new and passionate entrepreneurs.

7. Job Agencies

A large number of expats come to UAE in search of good job opportunities and is a dream city for foreign job seekers. The companies are also facing trouble finding professional and skillful employees, due to the language barrier and the indigenous population accounts for just 0.5% of the workforce. You can open a Job providing agency in Dubai that connects companies and job seekers using your channel. For current business owners, a Job or Recruitment Agency company can be started quickly with a minimal investment and ease, but there are several things to consider before opening for the business like licenses etc.

8. Webpreneur, i.e., Web Development, Mobile, Internet Marketing

E-Commerce, web development Dubai, mobile, internet marketing, and online businesses are the most trending sector for investments. Dubai has grown into a truly digital city with limitless opportunities for web professionals. E-commerce stores are thriving and more and more businesses go online.

The UAE is ranked first in the Arab region and 12th globally in terms of digital competitiveness. The UAE's vision 2021 plan will make it the leading city and the commercial hub of the entire world.

Digitization in the UAE is growing and will continue to provide more opportunities for Webpreneurs.

9. Online Tyre Trading Business

The Middle East especially Dubai is a dream place for someone who loves high-end cars. You will find almost all the prestigious car brands wandering on the roads of Dubai. This has given rise to a unique business opportunity for online tyre traders. In fact, the total worth of the tire market in UAE was valued at $220 million in 2019 and is estimated to cross $420 million by 2025. The pioneer of this industry is PitStopArabia, the leading online tire shop in Dubai.

10. Business Consultancy Services

One of the most profitable businesses in Dubai is Business Consultancy and business setup services. This demands experience and some experts onboard but has proved to be a successful business venture. Again for this business you first have to get the license from the authorities.

Some other online businesses include:

Multi-vendor Booking System

Considering that Dubai is home to the most well-known beauty salons, creating a multi vendor booking system to launch a profitable business is one of the reasonable steps. The multi-vendor booking system, Booknetic SaaS, will help you launch the business and make money by simultaneously automating online appointments with multiple vendors. Booknetic SaaS would be an excellent service for busy people who need to schedule appointments with different businesses in one day. Besides beauty salons, you can offer booking appointments with various service providers, such as spa salons, fitness salons, educational services, etc.

Final Thoughts

Dubai presents itself as one of the most business-friendly cities. It's not only simple to start a business in Dubai, but also relatively easy to grow, thanks to the high purchasing power of its residents. With the right experience, investment, and knowledge, your business can grow by leaps and bounds.

If you want to start a business in Dubai that promises success, then you would also have to promote your business on all available platforms. Also, make sure that you stay updated with the new ways and trends to horn your business skills for the better.