Dubai has almost become synonymous for enormous investments, huge corporate deals, extraordinary projects, for everything that is high-tech, digital, automatic and robotic. With its enormous business towers, corporate districts, bank headquarters best growing business sectors in Dubai are construction, financial services, oil and gas, trading and real estate.
But actually Dubai’s economy is very diversified, with a tendency to include more and more small and medium size businesses. Obstacles that were preventing people so far from starting their own entrepreneurial initiatives were high costs of setting a small independent business. But current economic climate shows good earning opportunities for sart-ups. Government is trying to improve environment for developing this business sector. New laws and regulations are being implementing in order to support star-ups and fresh business ideas.
Some surveys show what are the best business opportunities for those who are ready to explore the opportunity to start their own business. Almost everyone agree that tutoring and specialty schools. With a huge number of expats, almost any kind of specialty schools are showing success. Actually, as the majority of Dubai’s population make young working professionals from European countries who have kids, education has become highly profitable economic sector. Tutoring comes as an additional, post-curriculum activity highly demanded by those parents who want to keep their kids competitive on the international academic environment. As more and more families can afford to spend more money on education of their children, tutoring has become highly priced. Also, other kinds of childcare facilities for parents working 5 days per week could also be a profitable business solution.
Dubai is a very good place to start private business in healthcare. Being an economical sector in expansion, there are many niches related to healthcare that are not fully covered. For example home health care service is highly demanded, for the expats who seek for the life standard they are used to in their home countries. Another business opportunity directly linked to expats is investment in repair services to fix their possessions. Dubai almost has no shoe or clothes repair shops. Beside food and snacks, catering, bars and gathering places that are always needed, there is a new growing demand for yoga products and services. Dubai is a city whose population is constantly growing and number of consumers is increasing. So, it is not so hard to predict that large variety of services and products in the sector of small and medium business will have its significant position on the market. If you are thinking about starting your own business, think well and be prepared for dedicating time and effort. And good luck!