Dubai is a hyper-connected business hub that boasts a forward-looking eco-system for accelerated growth. The city has abundant technological resources and trade policies that promote global trade and exchange. The rulers are working consistently to improve the corporate environment and provide more opportunities and facilities for investors.

Ever since the emergence of free zone, 100% foreign ownership policies, trade and businesses are expected to hit a new high in 2022. With free zones and many other investment-friendly policies; exporting, importing, and re-exporting are carried out with ease, and traders leverage on the policies to avail tax advantages.

With massive opportunities for trading one can reach the global market at ease and traders in this market are mostly small to big wholesalers, distributors, manufacturers, and so on. Entering the global market can be a game-changer if you tap the opportunity at the right time and establish business with the right sources.

There are many benefits if you register yourself on various sites available for the UAE traders. Most people overlook registering on a trading platform; they don’t realize is that although it could take time to find your potential trader, once you start transacting with a trader you can get links/references to many other sources and expand your business.

Also, by registering on a trading or distribution site you gain access to a lot of information related to fellow traders and you can call and enquire about your competitor’s price and then strategize your price accordingly.

Some other advantages of registering your business on trading platforms or posting advertisements online are wide-scale reach to the target audience, detailed access to product information, and minimum hassles in the trading journey.

While there is ample opportunity in the market, analyze your market effectively and understand different types of audiences for your product. For instance, if you are a food stuff manufacturer, your target groups could include B2B (like wholesalers, distributors, retailers) or B2C (via your website). When you run your website or host your products on a third-party site for manufacturers ensure to categorize your product for your customers to find your products at ease; register on popular domestic and international trading sites.

Let us now look at some of the top industries to consider for trading in UAE.

1) Food industry

Considering Dubai’s diverse international population and with around 200+ international cuisine options there is perennial demand for food products in Dubai; after all UAE imports more than 90% of its food requirements. Also, recently UAE-India food corridor is planned at $7 billion, which aims at boosting trade while securing food for the future. UAE also plans to implement multiple dry agriculture projects to reduce its dependency on food imports. Additionally, the restaurant industry is seeing an upward trend in restaurant owners sourcing materials from local farmers in GCC countries.

2) Construction business

Dubai has several high-rise buildings and skyscrapers. The number of new buildings with unique designs and structures is steeply rising every day. Dubai has endless opportunities for construction firms, engineers, real estate developers, architects, interior designers, and other professionals required in this sector. The demographic population of the city is ever rising and is expected to grow further in the future as people from various countries pour in to have access to a better quality of life. Investors can set up a real estate development industry or a manufacturing firm, or raw materials used in construction.

Dubai’s obsession for architecture and world-renowned skyscrapers and with Dubai’s industrial and residential areas ever-expanding there is demand for construction firms, engineers, real estate developers, and architects. One of the main reasons that Dubai’s demographic population is rising exponentially is due to the ease of adapting to Dubai’s environment in general.

Real estate is a dominant sector, and the business involves buying, selling, and renting properties. Real estate thrives directly in proportion to the construction industry and with the constant influx of foreigners for a short- or long-term duration. People are constantly looking out for agents to deal with properties and with foreigners actively investing in luxurious properties in Dubai for their vacation getaways there is high demand for real estate agents.

3) Beauty Salon Business

People in Dubai are extremely beauty- and fashion-conscious, well-informed about the emerging beauty and fashion trends. They set aside a large portion of their salary upgrading their beauty and fashion collection. Crucial to stay on top of the game and stay updated with western trends that can tap the Dubai market. Salons are not just services offered but the experience provided, and the local population indulges and is willing to pay the extra bucks for exceptional service and experience.

4) Handyman-related Business

Companies that offer professional repair and maintenance services have perennial demand. There is high demand for well-experienced professionals, and it is a diverse field that includes security management, hospitality management companies, and other maintenance-related firms. Technical vocational services are in high demand and are an ever-growing market.

5) Oil and Gas Industry Related Business

As a country that has wealth of black gold resources, by sourcing or manufacturing extraction, exploration, distribution, and transportation-related equipment or spare parts one can make a fortune. You need to have the right contacts and resources to enter the market to establish yourself. Quality and competitive pricing must be your top priority to reach small and medium scale businesses. The business industry requires strategic marketing and planning before starting a business that offers lucrative investment options.

6) Tourism Industry

With Dubai having established itself as a tourist destination there are endless opportunities like food, hospitality, transportation that are directly proportionate to the growth of the tourism industry. Also, the tourism industry leads to a parallel rise of many other industries. Dubai is the main tourist destination in the Middle East and travel and tourism is one of the main employment sectors in Dubai.

By 2028, the Dubai travel and tourism sector is projected to generate almost 3965000 jobs. With luxury hotels, resorts, and innovative buildings there is tremendous scope for trading goods and services related to the hospitality industry. For instance, most hotels in Dubai have expanded to offer spa facilities, creating a large market for spa setups.

The UAE Expo 2020 has further accelerated the growth of the tourism industry.

International tourism in Dubai is expected to double in 2025 and is expected to increase to 31 million by 2025 from the current 16.56 million in 2022 (Statista Report, 2020).

Also, UAE has signed a Free Trade Agreement with several countries with the recent one being the Comprehensive Economic Partnership Agreement with India to raise bilateral trade agreement to over $100 billion in 5 years.

UAE ranks no.1 in Global Entrepreneurship Monitor and no. 11 in the Global Knowledge Index. With a clear, economic vision and sound economic policy, and wise leadership UAE reassures a diversified knowledge-based economy in the future.

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