Unlike the rest of the oil-rich nations, UAE (Dubai, to be more specific) has diversified its revenue streams dramatically over the last few decades.
From merely a desert backwater to the most preferred destination for tourism and expatriate life, Dubai has undergone a substantial transformation that’s truly fascinating.
Today, Dubai has become a haven for global entrepreneurs. Hundreds of thousands of people from different walks of life come to Dubai to try their luck as entrepreneurs. And you can be one of them!
In this blog, we will share the five most promising business ideas that you can invest in Dubai to make fortunes.
Business Ideas to Invest in Dubai
Here is a breakdown of the five most profitable business ideas to invest in Dubai:
1. Handyman Business
Finding reliable handymen on demand can be an issue in a city as fast-paced as Dubai. Although several startups have started working in areas like cleaning, carpentry, etc., there’s still no credible one-stop shop for handymen services in Dubai.
Thus, it is a perfect opportunity for entrepreneurs to capitalize on and address this concern for the people of Dubai. All you need is to build a dedicated platform (a website or a mobile app) for service providers like cleaners, painters, carpenters, electricians, etc., where they can sign-up for free and market it to get people used to your platform.
You can charge a flat commission from users and service providers for using your platform or charge a small subscription fee to sign up once your platform starts getting traffic.
2. Tour Guide Business
Another profitable business idea is to start a tour guide agency in Dubai. And no, we don’t mean starting an old-school tour guide agency. There is no longer a need for a conventional tour guide agency with navigation apps like Google Maps, Google Earth, etc., readily available. You can build an online platform with profiles of all the tour guides listed with their specialties so travelers and tourists can browse through them and connect with their preferred tour guide before arrival.
And if you are a tour guide yourself, you can still build a website for personal branding to share your customers’ experiences and strengthen your credibility.
3. Food Delivery Business
The pandemic took food delivery businesses to a new height of success in every corner of the world. In Dubai, there’s a massive demand for online food delivery services. Apps like Talabat and Zomato are making millions in revenue as people have become addicted to ordering food online.
You can start a similar food delivery business with some innovation in the strategy and monetization model and perhaps a few more discounts to instantly attract customers. Plan your app’s features, create a monetization strategy, hire a mobile app development Dubai, build a team of delivery riders, and put your app on the market.
4. Construction Business
Dubai is one of those cities where there is always some sort of construction going on. It is home to some of the finest skyscrapers, with an awe-inspiring inter-city infrastructure. Thus, starting a construction business can be lucrative here.
You can start as a sub-contractor or a general contractor, working on small to mid-sized projects in the beginning and later switch to bigger projects like malls and societies once you find your niche and manage to build your team.
No doubt, starting a construction business will require substantial capital investment, but if you can manage to get your first couple of clients, everything will be alright!
You can create a website for your business, link your social accounts like Instagram, and Pinterest with it, and invest in paid marketing (PPC ads) on Google to find credible leads for your business.
5. Web Development Business
The last and probably the most promising business idea is to start a web development business in Dubai. As businesses become more inclined to embrace digital transformation, the demand for web development services is surging drastically.
Businesses can’t thrive without going digital in a tech-centric city like Dubai. No matter how extensive or trivial, every startup needs a medium to establish its online presence and build credibility. Whether a handyman or a construction contractor, they all need a website to market their business to a broader audience.
Thus, starting a mobile app development Bahrain should be your go-to choose if you want to scale aggressively in the next couple of years.
Simply put, Dubai is the city for ambitious entrepreneurs to test the waters and try their luck. It is the land of countless opportunities that can help people make fortunes simply by leveraging technology and thinking out of the box.
If you want to start a business in Dubai, you can either follow the business ideas mentioned above or do your own research, define your niche, and do what you love.