Dubai has become one of the most sought-after places for doing business. It’s a thriving international hub with tax-friendly policies and an outstanding social and economic infrastructure. It is no surprise that so many entrepreneurs have set up their businesses in Dubai.
If you’re an aspiring entrepreneur who wants to start your own business in Dubai, here is a round-up of the top 5 emerging business opportunities in Dubai for 2022.
1. Import & Export
In Dubai, the import and export business is an exceedingly lucrative sector and is, of course, #1 on our list. Given Dubai’s central location globally and economic diversity, starting an international trading business in Dubai can be rewarding for expansion opportunities and profitability. Setting up your business in a free zone like DMCC can facilitate your business’s success by enabling you to access advanced logistics and transportation infrastructure.
2. Healthcare
COVID-19 has presented many hurdles, but it has also shown fresh prospects in Dubai’s health-tech industry. By 2025, the UAE healthcare sector is expected to produce AED 39.4 billion. Pharmaceuticals and Medical Equipment is one of the city’s six key sub-sectors, according to the Dubai Industrial Strategy 2030.
When considering joining the Dubai healthcare sector, there are three primary areas to consider:
- Health-Tech Innovation – A large section of DHA’s Dubai Health Strategy 2021 focuses on innovation, emphasising cutting-edge technology and automation.
- Health Tourism – While the COVID-19 travel bans dented growth in the medical tourism sector, the UAE has bounced back, with medical tourism proceeds expected to reach AED 19.5 billion by 2023.
- Growing Local Demand – Local investors are expected to help healthcare providers to expand in Dubai in the next six years as demand increases with the population.
Dubai’s healthcare industry continues to grow and is an exciting prospect for new business ideas in 2022.
3. Real Estate
With 70 percent of the population comprising of foreigners, Dubai is considered as one of the top expat hotspots in the globe. According to a survey by Forward Keys, Dubai is the world’s most popular tourist destination, with 4.88 million visitors last year, making the real estate market in Dubai extremely lucrative. Real estate development, property management, and brokerage are just some of the options available in Dubai’s real estate sector.
4. Information Technology
With 70 percent of the population comprising of foreigners, Dubai is considered as one of the top expat hotspots in the globe. According to a survey by Forward Keys, Dubai is the world’s most popular tourist destination, with 4.88 million visitors last year, making the real estate market in Dubai extremely lucrative. Real estate development, property management, and brokerage are just some of the options available in Dubai’s real estate sector.
5. E-commerce
The digital transformation of the COVID-19 epidemic helped Dubai’s retail e-commerce business achieve a record $3.9 billion in 2020, a 53 percent YoY increase. While the e-commerce industry is flourishing throughout the world, why has Dubai seen such rapid growth?
For example, Dubai’s embrace of smart government’ projects and programs has aided the city’s e-commerce industry significantly. Improved logistics, trust in digital payments, and greater security are all elements that have contributed to the growth of Dubai’s e-commerce business. The best thing is that, in comparison to brick-and-mortar establishments, it considerably extends the target demographic. It’s also conceivable to start an e-commerce firm in Dubai and then run it remotely from another place while still reaping the benefits.
