List of Hot Business Niches in Dubai
The United Arab Emirates is the most important option for any visitor to travel and spend holidays. Investors from all over the world are looking for opportunities to invest in the UAE; it consists of Seven Emirates, of which Dubai is the most important. The total population of Dubai is 2.2 million, of which around 5% is made up of workers from Asian countries with a smaller percentage of expatriate entrepreneurs with full-time residence.
Dubai is like a paradise on earth. “Dubai” once people hear this word, they have a vision of luxurious life. It is the largest emirate among the seven emirates of the UAE. It plays a vital role in driving the economy of the United Arab Emirates and is also known as its commercial capital. Some hot Dubai business niches are as follows:
gold business
Dubai is known as the GOLD CAPITAL of the world, so it is easy to visualize the gold business there. The monthly result of the gold business is a single digit with numerous zeros. The Dubai Gold & Commodities Exchange (DGCX) reaffirmed the important role of derivatives in 2009 in organizing risk through precarious market circumstances, as the Exchange booked 1.5 million contracts valued at US$79 billion at the end of 2009 Exceeding 2008’s total volume of 1.142 million contracts, DGCX posted a 31.6% increase in 2009; the maximum annual volume that will be achieved since the foundation.
clothing business
The Dubai fabric market includes both local and foreign linked associations. As you know the weather is very hot throughout the year; therefore, residents prefer cotton because it keeps the body warm and helps reduce perspiration. Locally, the fabric is sold in shopping malls and small shops. Some capital malls for fabric markets include Golf Mall, Bloomingdales, and BURJUMAN Mall. Aside from this, wholesale clothing is exported from here throughout the Middle East and Africa. There is a huge scope in the Dubai fabric market.
Real Estate and Real Estate Business
The real estate business is the most important of all. Investors from all over the world are looking to invest in the real estate business in Dubai so that they can multiply their capital. The strategy adopted by investors is that they buy properties at lower prices and then rent them to produce monthly profits or sell them at a large profit. The real estate business really helps boost the economy of the UAE. There are numerous houses, villas and flats in Dubai available for rent.
Banking Sector and Financial Institutions
The street crime rate in Dubai is almost zero, which is a driving force to promote the banking sector and attract foreign investment institutes to invest. The banking sector is very well established. Many multinational companies and financial institutes based in the Middle East and Asia use Dubai banks for their secure online and offline transactions. The vital reason for the growth of the banking sector is foreign investment in business.
Tourism industry
Dubai is one of the luxurious properties in the world. People dream of going through it to spend their pleasant vacations. Every year in the first quarter, Dubai hosts the Shopping Festival and attracts almost 3 million tourists, which really boosts its economy and provides a golden opportunity for investors to multiply their investments.
Some of the best known business centers in Dubai are as follows
world trade center
Dubai German Business Center
gulf business center
Kinko’s
UB Business Services
business time
These are some attractive business niches that provide investors with a golden opportunity to invest in Dubai business niches and get maximum ROI.