Profitable Summer Business Ideas in Dubai

 7 Small Business Ideas to Make Profit in Dubai This Summer

  

Dubai, United Arab Emirates, is a center for cutting-edge and flourishing businesses, and there are many profitable business ideas that entrepreneurs might explore.

With a GDP of $421 USD (as of 2020), the United Arab Emirates has one of the largest economies in the Middle East. Since oil is the main source of income for the UAE, it has long sought to diversify its economy. The UAE's economy depends almost entirely on revenue from oil exports. In terms of its capacity to draw foreign direct investment (FDI), the UAE was ranked 27th internationally in 2018 (an improvement of 3 points from 2017). UAE has been investing to broaden its market.

Dubai will continue to be a desirable location for companies of all sizes with the influx of investments expected in the fourth quarter of 2022. The Emirate of Dubai is streamlining its business setup processes to make them faster, simpler, cheaper, and more adaptable to every entrepreneur's demands in order to promote economic growth.

The UAE (with an emphasis on Dubai) was recognized as the 16th best business location out of 190 nations evaluated in the Ease of Doing Business 2020 report. Considering the following areas, scores out of 100, and global rankings, Dubai achieved an overall score of 80.9/100 for ease of doing business:

 Category                                            Score                          Ranking

___________________________________________________________

Getting Electricity                               100                              1^st

Construction Permits                          89.8                             3^rd

Enforcing Contracts                            75.9                             9^th

Registering Property                           90.1                             10^th

Protecting Investors                            80                                13^th

Starting a Business                             94.8                             17^th

Paying Taxes                                      85.3                             30^th

Getting Credit                                      70                                48^th

Resolving Insolvency                          49.3                             80^th

Trade across Borders                         74.1                             92^nd                 

______________________________________________________________________

From this data, it is evident that choosing Dubai as your preferred location to set up your own business has its perks. Moreover, the government in the UAE offers various incentives to foreign business owners for setting up their company in Dubai. Therefore, there is really no more question left to understand “Why Dubai?”

Rather, the important question is, “What business is going to earn you the maximum profit in Dubai?”

If you are contemplating the same, congratulations! You have reached the right place. In this article, you will find seven business ideas that will help you kickstart your entrepreneurial venture in Dubai with a small budget and limited resources, yet open avenues for earning considerable profit margins.

So, without further ado, let’s jump right into the discussion. 

1.  Construction and Related Businesses

The UAE has been heavily investing to improve its infrastructure. They strive to have the best infrastructure throughout the entire Middle East. The construction industry is a good one to start a business in if you are knowledgeable about it and want to do it in the United Arab Emirates. UAE offers a great opportunity for expansion and establishment. At the beginning of 2017, Dubai had more than 3,200 ongoing projects worth a total of US $245 billion. This amount is anticipated to increase as Expo 2023 approaches, which is expected to contribute US $42.5 billion to construction projects.

Along with construction, related businesses are also expected to flourish in Dubai. If you are unable to manage large-scale ventures like construction, you can also try your hand at property management, commercial cleaning services, plumbing, electrical contractor businesses, flagger management, and any other small-scale projects that aid construction projects.

2.  Real Estate

According to forecasts, the UAE's real estate market would expand by up to 111% during the following five years. Additionally, there are more opportunities in this industry due to the rising interest in foreign investment and tourism.

 Dubai's real estate industry is currently going through a period of transition towards a sector that is characterized by proptech (property technology or property management technology). Proptech improves both the clients' real estate experiences and the industry's commercial efficiency.

 These figures reflect increased buyer confidence. Market prices are currently at their lowest point, which investors are taking advantage of to increase their future yields. And this is your ideal opportunity to start a brokerage or property management company.

 In order to establish a successful brokerage start-up, your real estate business should capitalize on the increased investor confidence and use proptech innovations, such as a property management software solution. 

3.  Pop-Up Restaurant and Food Delivery

In Dubai, there are 2.8 million residents, and there are now more than 200 different nationalities living there. As diversified as the city's food and beverage (F&B) industry, which, according to a survey by KPMG, is the top sector in the Middle East, are its citizens and visitors. 

This summer, with the Dubai Expo 2023 taking place in May, the business hub expects to host more visitors along with the usual large pool of tourists. This is your golden opportunity to show off your hospitality skills. You can open up a new restaurant, a pop-up store, or even a cloud kitchen to showcase a cuisine or recipe that you've always wanted to share with the world. 

If you don’t have the space or resources to set up your own kitchen and are looking for a more in-field business idea, you can also consider a food delivery business. Honestly, most people would like to order in the scorching summer heat, making it the perfect opportunity for your food delivery business. All you need is a vehicle, a mobile field app to dispatch, track, and control your delivery team, and, of course, someone who will cook the food for you! 

4.  Pet and Home Sitting

As soon as summer arrives, people pack their bags and go for the great outdoors. Pets, plants, and other belongings may stay at home when families travel. This is no different in Dubai as ell. Naturally, there is a large market of people looking for some help taking care of their belongings, properties, plants, or fur babies left at home. If you can utilize this opportunity, you are in for some amazing profit. Think of business ideas that provide clients with services like pet care, plant and lawn maintenance,  security, etc. 

Offering your services as a start-up summer business can evolve into a successful enterprise in the future, since demand for pet boarding, lawn care, and home maintenance services is increasing day-by-day in Dubai. 

5.  Laundry Service

Nothing compares to a neatly pressed suit or a perfectly clean dress. But life in Dubai is getting busier with each passing day. Naturally, people have less time to worry about cleaning and folding laundry, yet they need it all the time. Get up and grab this opportunity. If you are strapped for funds, starting a laundry and ironing business from home is a possibility. You can open your own laundry after your work expands to incorporate additional clients. 

6.  Security Guards

Dubai is a land of opulent buildings and expensive goods, so these things require special care and security. To ensure their operations are secure, businesses invest in additional external security. Large corporations are not the only ones who require this service; many ordinary people prefer to hire private security guards for their homes, and hotel chains also require it. To establish a start-up, therefore, it is an excellent idea to establish your own security guard agency.

 

Make sure you hire a professional and skilled security team and sign up for high-quality security guard management software, and you are all set to earn plenty.

 

7.  Pool Services

The summer heat in Dubai restricts some of the popular activities, but it also opens up different entertainments. Water parks and theme parks become abuzz with visitors. Even if people cannot go out to enjoy themselves, those with a pool in their properties would love to spend a considerable amount of time dipping in the cool water. 

While splashing around sounds super fun to almost everyone, cleaning and maintaining the pools does not sound that pleasant. But if you are looking for a low-budget business idea to make some money this summer, this is your chance! Start your own pool cleaning business. 

Pool cleaning, however, is rather a skilled job and it requires some basic investment at the beginning. If you are familiar with the know-how, there’s nothing to stop you from making profit. But even if you don’t, there’s nothing to worry about. You just need to build a team, or hire a few people who know how to do the job. Further, get a pool service business software system and you are ready to make a splash! 

Wrapping Up

 

These are just some of the ideas to kickstart your entrepreneurial dream in Dubai. It is only meant to give you some inspiration and lead you to think about possibilities. There are so many other ideas that you can explore. But no matter what you decide, make sure you are heading in with a proper strategy.

 To launch a successful business, in Dubai or wherever else, you will need a sound business plan, necessary resources, and sufficient funding. But most importantly, you must take advantage of cutting-edge digital technologies to make the most of your efforts. Whatever business idea you are pursuing, make sure to do enough research and identify what software you can leverage to streamline your operations. In today’s age and time, this is the most efficient way to save money and ensure profitability in any business.

  

Author Bio

 

My world is made up of codes. It is the central element that drives my universe. I am a self-taught, process-driven programmer with a creative bent of mind. Since I was an engineering student, I dreamt of creating something unique. To satiate my creative appetite, I took to coding. Blessed with abundant support and generous scholarships from my employers, I simultaneously worked full-time and pursued my dream. My passion and high productivity helped me in my journey as well. Finally, I created Field Promax to follow my drive of coding and streamlining processes; and do more of what I know best—coding.

Joy Gomez Headshot