1. Import & Export
Import and export business in Dubai is such a lucrative sector and is, of course, #1 on our list. Given Dubai’s central location and economic diversity, starting an international trading business in Dubai can be rewarding in terms of expansion opportunities and profitability.
While COVID-19 has brought numerous challenges, it has also uncovered new opportunities within Dubai’s health-tech sector. The UAE healthcare sector is anticipated to generate AED 39.4 billion by 2025, and according to the Dubai Industrial Strategy 2030, ‘Pharmaceuticals and Medical Equipment’ is listed as one of the six priority sub-sectors for the city.
3. Real Estate
70% of Dubai’s population is made up of foreigners. With over 16 million tourists last year, Dubai retains its ranking as the fourth most visited city in the world for the fourth straight year, making the property market in Dubai so lucrative. The real estate market in Dubai has a huge scope of opportunities, including real estate development, property management, and brokerage.
4. Information Technology
Dubai has become a magnet for international tech-based businesses as the Dubai government continues to roll out policies and initiatives to drive tech innovation and attract tech entrepreneurs in an effort to become the world’s smartest city by 2021.
Dubai’s adoption of ‘smart government’ initiatives and programmes has played a pivotal role in the growth of the city’s e-commerce sector. Improved logistics, trust in digital payments, and increased security are all contributing factors that have helped drive the development of the e-commerce industry in Dubai.
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