Are you looking for the best small business ideas in Dubai, UAE? Look no more. We are going to list some of the best business opportunities in Dubai which you can consider in 2021.
21 Small Business Ideas in Dubai UAE
1# Oil And Gas
Oil and gas is a huge segment in the UAE. For years, the UAE has been associated with oil. Therefore, it is a multifaceted business. This sector is strong in Abu Dhabi, which nearly earns 55% of its budget.
In oil and gas, any individual can initiate a business like in oil consultancy, gas station, oil and gas exploration and drilling, petrochemical refining, etc.
2# Fashion Apparel
UAE is famous for fashion apparel and is one of the most popular destinations. Close to a 5.5% share of world trade, it is the fourth-largest exporter of fashion apparel.
Dubai will be the fashion hub in 2021. The lack of restrictions on profit, low import duty, competitive labor costs, and low corporate taxes, it has become the best destination for investment in the apparel industry.
3# Tourist Destination
The biggest tourist destination is the UAE. The tourism sector supports 317,500 jobs in the UAE. Tourist destinations hold 5.4 percent of total employment.
There are many hotels with four or five stars. Hence, UAE welcomes several visitors in a year and they provide many opportunities for businesses that focus on tourists.
4# Food And Snacks Startup Ideas in Dubai
There is a huge demand for food and snacks in the UAE. For the food, the UAE has a good environment.
At the annual rate of 7.1 percent, reaching $196 billion in (Dh719.3 billion) the food market will grow in 2021.
UAE will account for spending by 31%. One can open a restaurant or either can sell fast food, snacks, etc. So, this is also one of the profitable business opportunities in Dubai.
5# Transport Business Opportunities in Dubai
This business is always the focus in the UAE. Transport contributes 8% within the service sector.
When starting this business, you must decide what service you will provide like taxi, limousine service, etc.
Then how many vehicles you will start with. From the National Transport Authority, UAE, you can get the license and that will be issued for 3 months.
6# Jewelry Business
UAE is known and famous for jewelry and people often buy jewelry from there. It is a jewelry hub. Jewelry is imported from over 30 countries in the UAE.
According to Goldstein Research analyst, the UAE jewelry market size is set to reach USD 70.10 billion by 2024, over the forecast period i.e. 2016 to 2024, growing at a CAGR of 7.30%.
You can start a business as a jewelry merchant. Before starting the jewelry business, try to get some training in jewelry making techniques.
7# Advertising Business
One of the potential markets in the UAE is about advertising. Worth $229m, internet advertising is set to grow, but that is set to rise to $735m in the future.
One can start this service from home. The UAE has its own rules for specific advertisements. Some other examples include advertising campaign developer, advertising consulting and developing advertising materials, etc.
8# Telecommunication Niche
Telecommunication is all related to wireless communications, the Internet, fiber optics, etc. The telecommunication industry in the UAE has grown at an annual rate of 20%.
One can start a business in telecommunication through blogging, internet cafe, and smartphone selling and repairing, etc.
9# Health & Fitness
When it comes to fitness, UAE is one of the fastest-growing countries. If you are more into health and have the necessary qualifications than owning a fitness center is a good option.
In the UAE, the addressable market for fitness is expanding. This market has shown substantial growth at a CAGR of about 9.0% during the forecast period (2018-2022). One can start as a regular gym, cross-fit gym, etc.
10# Beauty and Hair Salon
UAE includes cities like Dubai, Sharjah, Abu Dhabi and they all are considered as happening cities. People in the UAE are beauty conscious. The increasing number of beauty salons is aiding the UAE cosmetics market.
Therefore, the UAE cosmetics market is projected to grow at a CAGR of over 4% during 2019-2024.
You can set up a lady’s beauty and hair salon and can provide services like hair, feet, nails and facial services, etc. One can also establish a men’s salon.
More Small Business Opportunities in Dubai UAE
UAE is a hub for tall and fancy buildings like Burj Khalifa and Burj Al Arab. The biggest construction group in the UAE is Emaar which is a multibillion dollar company. In the Fiscal year of 2018-19, there were more than $250 billion projects completed.
You can set up your own construction company or consultancy firm. Construction is itself a very profitable business and you can earn a lot of money from this business especially in Dubai.
12# Web Development
In the post pandemic world, every business has gone online. The restaurants, garments, jewelry, health clinics and many more businesses are dealing with their customers through their websites.
The UAE is the center for startups, that’s why there is a lot of scope in the business of web development in the UAE. You can set up your own software house that can develop websites for small startups in the UAE.
The UAE is undoubtedly one of the safest countries on the planet earth. You can even walk in the streets of Dubai at 4:00 am without any sense of danger but still the investors in the UAE don’t take any risk.
Almost every big mall and buildings have their own security guards. You can set up your own security company that can provide security guards and other security equipment like CCTV cameras and burglar alarms to the buildings.
Trading is also one of the most profitable businesses in the UAE. The country does not produce any fruits and vegetables. It imports them from various countries like India and Pakistan.
You can start to import them at a lesser rate and earn a good profit from it. Similarly, gold and electronics are cheaper in Dubai as compared to the other countries of the world. You can also export them with suitable margin.
15# Air Conditioning Services
The UAE is a desert that’s why it is hot and humid all year. You can find Air conditioners in buses, taxis, cars, bus waiting rooms, buildings, shops and malls.
In short, the people in the UAE cannot live without the air conditioner. This large scale and continuous use of ACs provides a great potential for its repair services.
You can also open your own business and earn a handsome amount of money. The potential in this business is unlimited.
16# Child Care Services
There is a large working class in the UAE. The rents and rates of daily groceries in Dubai are very high. That’s why all over UAE and especially Dubai, both husband and wife do their respective jobs to meet their both ends.
It creates an opportunity to develop child care services. You can hire nannies that will take care of the babies in your care center.
You can also open relaxing centers and cafes with care centers. It will help you to generate more revenue for your company.
Education in the UAE is very costly. You can open your own school or tuition center in the UAE. You cannot open any education institute without the permission of the education ministry of UAE. Further, you have to get registered to open your education services.
In the post pandemic era, the trend of online education has increased a lot. The online education sector in the UAE is expected to grow up to $7.1 billion by 2023.
There is great potential for online education. It also saves a lot of money as compared to conventional education. It could be a good solution to the high cost of education in the UAE. Also, it is a high time to invest in this business before it gets saturated.
18# Mobile Repairing
The UAE has a large number of mobile users. More than 95% of the UAE residents are mobile users.
Most of the people in UAE are rich so they are not reluctant to pay you a good amount of money if you can repair their mobile phones. There are a lot of iPhone users in Dubai. You should focus on repairing iPhones.
19# Photography business
The people of UAE are always ready to celebrate their events. So, there is a good demand for photographers in the UAE. You can start this business as a freelancer.
If you don’t have any interest you can also hire different photographers for your company. All you need is to register your company and buy necessary tools for the photography.
You can advertise your services through social media i.e. on Facebook page or YouTube advertisements.
20# Automobile Repairing Workshops
The buying power of the residents in the UAE is very high. It is a hub for the most expensive cars in the world. Most of the inhabitants in Dubai have their own cars.
The public transport system all over the UAE is not very good as compared to the other big cities of the world. Dubai has its underground metro but it doesn’t cover all parts of Dubai.
That’s why people prefer to buy their own cars instead of using public transport for traveling.
There is also a huge network of transportation of goods all over the UAE. This vast use of trucks and cars develops the potential for automobile repair services. You can open your own automobile repair services and earn a good amount of money.
21# Clothing Business Opportunities in Dubai
Dubai is one of the most developed cities in the world. It is also a tourist hub. You can start your own clothing business in Dubai. The majority of the foreign visitors in Dubai always prefer to buy high quality stuff.
You can import clothes at lower rates from Pakistan, India or Bangladesh. After giving them your brand name, you can sell them at higher prices. This business has revenue and profit.
You can also invest in this business, if you don’t want to open your own brand. So, this is another profitable small business opportunities in Dubai which you can start small capital.