Kavan Choksi asserts that establishing an enterprise in Dubai is a profitable idea because of how business-friendly the emirate is. Some advantages of doing business in Dubai are its low tax rates, strategic location, free trade agreements, low import duties, and more. This article explores a few business opportunities to consider pursuing in the UAE.
E-Commerce
The pandemic has called for businesses to shift toward the digital front. The days when customers touch, wear, feel, and try out products before they are purchased are numbered. With consumers quickly adapting to the online mode of shopping, it stands to reason that e-commerce will be able to provide entrepreneurs with a profitable venture. Startups can sell or resell products online across many different platforms.
Food and Beverage
Dubai is known for being home to a market with significant disposable income and high purchasing power. The city is also a tourist hub that draws millions of visitors every year. As such, consumers are known for dining out frequently. Therefore, starting a business in the food and beverage industry seems like an easy choice for a successful entrepreneur. As Kavan Choksi notes, mobile food trucks and home-cooked meal delivery are gaining popularity in Dubai and the entire UAE.
Travel Agency
As mentioned, Dubai is a haven for tourists. The travel sector continues to grow yearly, and more destinations are opening in the city. Because of this, creating a travel agency can prove lucrative. Another similar business idea is establishing a tourism services provider that helps travelers with their visa processing or lifestyle management.
Property Management
It is no secret that Dubai is home to some of the world's wealthiest people. But because of their hectic schedules, many of them cannot manage their properties on their own, providing aspiring entrepreneurs with a rewarding opportunity. According to Kavan Choksi, property management can be a very profitable endeavor in Dubai.
Kavan Choksi is a business consultant who shares tips and insights on various online platforms. Learn more about him by visiting this website.