Top 5 Business Concepts in the UAE for 2019
The United Arab Emirates (UAE) has been defined as the primary business hub in the Middle East. Comprising of seven different states/counties, the Emirates is considered as the largest business hub with advances in all sectors, including trade, financial services, tourism, and e-commerce.
The UAE has excelled in disabling adversity and emerging as a cosmopolitan federation from merely a desert. Businessmen all around the world want to seize the exquisite, lifetime opportunity of starting up their businesses in the UAE. The main reason here is that UAE is considered a fertile ground for starting different kinds of businesses. This is due to government policies for the development and improvement of the overall economy of the country.
If you are an entrepreneur or a capitalist, and it is your dream to start a business in the UAE, you should consider these points. Following are the top five business concepts you need to consider if you are willing to set up a business in the UAE:
- Real Estate
One of the most profitable business in the UAE is Real Estate. You can either become a real estate agent or only invest in the setup and become a partner. Dealing in property business always has its ups and downs. Nevertheless, there can never be a more perfect time to invest in this industry than this.
- Travel and Tourism
This is yet another booming industry in the UAE. Every year the country receives a large number of tourists. The UAE is considered one of the most popular, tourism-worthy countries in the world. The hotels and resorts the country has to offer are massive, with all the luxuries and amenities you could imagine.
Education sector of the Emirates is the fastest growing in the region, therefore the competition the division faces is enormous. A large percentage of the UAE’s national budget is devoted to the education sector. This sector is very powerful and promises a sustainable return for its investors. Currently, this industry requires inauguration of more institutions in the region and is expected to flourish in the UAE.
Another fast-growing industry, the demand for healthcare is a need, not just in the UAE but throughout the world. Healthcare includes not only hospitals but lifestyle and wellbeing centers, as well as businesses dealing in medical equipment. With the ever-increasing economy of the UAE, this business concept will surely be a choice to consider.
Everyone is aware of the magnificence of shopping malls and marketplaces in the Emirates. Even after the introduction of value-added tax (VAT), this sector continues to grow and is expected to grow in the years to come. If you have ever visited any of the magnificent retail outlets or gigantic plazas, you will agree that the retail industry in the UAE is quite an enjoyable experience, and therefore it is a good idea to start a business in this sector.
For further details, contact us today for better insights on what the UAE has to offer.