Dubai offers a lot of investment opportunities with a high-profit return rate. Real estate companies with projects, like Emaar Beachfront have surely taken some gazes on them from top investors around the world. To establish a good business, thorough research is needed otherwise the investor can face huge losses too.
Here are some businesses a person could invest into in Dubai in 2020:
The restaurant business is one of the most popular businesses in the UAE, not only due to the growing demand but also due to the high payback which creates a lot of serious competition. Investing your money in this business can be a good idea if you do thorough market research, develop a concept, and choose a strategically correct location.
To open a restaurant or a cafe, you will need to get a license, which in this case will be commercial.
Event Management Company:
The city of Dubai is a cosmopolitan, that hosts hundreds of events every year. An event management company offers services of organizing and managing events which involve devising the event concept, planning the logistics, and coordinating the technical aspects before executing the modalities of the event.
The event management business has extensive demand in Dubai for corporate events, marketing programs, general meetings, gala dinners, and many more events. A professional license is required to run such a company, which is approved by the relevant authorities in Dubai. For a successful business, you need to invest your money in something good and an event management company can be a good deal for you.
Automobile Repair Shop:
There are a lot of cars in Dubai and for their maintenance, automobile repair shops are needed. Investing your money to open an automobile repair shop can be a good idea because of its increasing demand.
To open such a shop, there is a small process which you have to go through, in order to get the license of the shop and after that wherever you will open the shop, the business will run smoothly and cover all your investments in a short time.
Investing in a cleaning service business in Dubai is not a difficult task, but of course, just a mop and the bucket will not be enough to start it. You would require trained professionals whom your customers can trust.
Taking care of your labor cost can be quite tricky, as this will be the sole thing responsible for your losses and profits. Just keep one thing in mind, to run a successful business customer satisfaction is the major key and this business needs proper word of mouth to increase.
Security Guard Agency:
With the rise in shopping malls, offices, restaurants, etc, the need for a security guard has increased by many folds. Investing to open a security guard industry can be a good idea, but like other businesses, you are required to have a license for the agency approved by the state.
Opening an agency in Dubai is surely profitable, but you have to make sure that the recruits you’re hiring are professionally trained, and do not have any criminal background.
The residents of a growing city need to get from point A to B – and many want to get there in fashion. That’s what gives this distinct business idea so much scope. You could run a bike taxi service, right up to limousine hire and chauffeur services.
Be sure to do your research first to get to know both the local area and the needs of its inhabitants. The demand for executive cars will be far higher in some areas of the emirate than others, for example.
For most people seeing this name on the list won’t be surprising at all because investing in the real estate business in Dubai is never a bad idea. With the World Expo 2020 being hosted by Dubai, the business is expected to face a boom.
A lot of people invest in this business because it is framed in such a manner, that the profits which it gives are pretty impressive. The business was on hold for some point, but right now it is giving a yield of more than six percent, higher than many major cities including London, Singapore, and Hongkong.
With upcoming projects like Madinat Jumeirah living, the real estate business will surely be the thing in which a lot of investors will set their eyes on. The above business ideas can provide you a lot of profits, and are started with thorough research.