If you are thinking to invest and start your own venture, then UAE is the best place for you. Here you can have an abundance of resources and best business climate which can give you a successful future. All you need is to have a perfect knowledge of utilizing UAE Investment opportunities. UAE is on the threshold of yet another economic leap. This place has stepped into every business sphere and continues to do so. With the introduction of digitalization, UAE is providing a vast range of profitable investment opportunities to the investors. If you have an eye for grabbing the best business opportunity then UAE is surely going to play the role of gem in your life.
Thus, if you are planning a business set up in UAE, or aspire to open up your dream venture, this is the time to do it. As a first mover, you can face certain issues like choosing the type of business, knowledge of business, required documentation, etc. But we have compiled 2018 top business platforms for you through which you can live your entrepreneur dream. So put on your entrepreneurial hat and let’s proceed.
Mentioned below are five serious business opportunities in UAE 2018.
1. Construction/Real Estate:
Talking about the best UAE Investment opportunities, Construction and real estate sector are the greatest platforms to be utilized. Real estate business includes property management, real estate development and brokerage. If you are planning to invest in UAE market then you should take real estate business into consideration as in coming years this business is going to show tremendous growth. One of the visual reasons for this boom is EXPO 2020. An estimated 25 million visitors are expected to attend and most of them will be foreign nationals arriving from across the globe. The construction industry is expected to grow in excess of 6% compounded annually over the next few years. So, give it a try and try your luck in the real estate business. Here is the mini guide that can help you in establishing successful real estate set up in the UAE:
- Explore the location and business type to set up your real estate company
- Register a trade name for your real estate business
- Certify yourself for licensing process
- Set up your real estate office
2. Opening a Beauty Salon:
No matter you want it or not but a well-cared look and a neat haircut are the essential features of a modern member of the society. In the present era, this interest can be a basis for a successful business in UAE. Opening a beauty salon can be revenue generating. In UAE, with the high standards of living people are cautious about prioritizing their personal hygiene, and hence take great care of their looks. But before getting in this business it is advisable to check the requirement first. Besides this, you need to have a vast knowledge of organic and inorganic products.
Roll down to know the major requirements for opening Beauty salon in UAE:
- Find a local business partner.
- Next, decide a name for your saloon and submit same to DED for approval
- After the initial approval from the Department of Economic Development draft, sign the Memorandum of Association or a Local Service Agent
- Find a suitable place for your saloon
- Get approvals from government departments like Planning Section of the Dubai
- Submit all the above documents and get the required license from the DED
These procedures can take time but once you get the license approval from the DED, you are good to go for your beauty salon in UAE.
3. Hospitality and Tourism:
UAE is considered the decade’s hottest investment destination, as it displays exponential economic progression year on year. This marvelous economic growth of UAE is rooted in its tourism sector. Tourism can be counted among the best UAE investment opportunities as it provides a platform to many budding entrepreneurs. In 2015, Dubai’s Department of Tourism & Commerce Marketing (DTCM) reported a record of 14.2 million visitors – which is set to hit 20 million by 2020. So, if you are thinking to set up your own hospitality venture, make sure to approach a local sponsor with good knowledge of the place.
4. Fashion Boutique:
For females, the best investment opportunity in UAE is the opening of a fashion boutique. Majority of the general public of this place are fashion conscious and love fashion trends, then starting a fashion boutique business isn’t out of place. Besides investment, you just need to have a perfect fashion sense to run your fashion store. So if you are always dazzled with fashion and want to do experiments in fashion world here is the mini checklist for you:
- Develop your boutique’s brand.
- Begin your business plan.
- Research which lines you will carry.
- Start your website.
- Stay current.
5. Web Development:
If you’ve set your sights on how to start a web development business in UAE, get ready for a wild ride. The journey of a freelance web developer is often like a turbulent, yet exciting, roller coaster ride. But in UAE this field is having good future as the place is all set to go digital.
Web development business is actually a worthwhile, especially if you are a freelancer. From few years this business is booming due to the fact that most companies now wish to have a web presence and might not have the required talents in-house to do this for them. If you do it in the right way all banked turns and barrel rolls can lead to a successful career as a freelance web developer.
For having an edge you can also include web designing and social media service to your forte. Scroll down and know the basic requirements for starting web development business in UAE:
- Create your community.
- Handle HR and legal concerns.
- Establish facilities.
- Get your IT in order.
- Set up finance and accounting systems and processes.
- Dive into marketing and advertising.
- Plan for sales.
- Set up systems for productivity and quality control.
This is all from our side, start your venture and grab the best investment opportunities in the UAE and be your own boss!