Top 10 business ideas for 2021 [Dubai Edition]
Economies around the world have taken a massive hit since the onset of Covid-19 early last year. This naturally dampened the spirits of both the businessowners and the aspiring entrepreneurs with startup business ideas in the UAE. However, the latest figures from the Dubai Government’s business license issuing body – Department of Economic Development (DED) – prove that there was a 4% jump in the issuance of trade licenses in 2020. Therefore, the figures for new company registration in Dubai stood around 42,640. Here, business setup consultants in Dubai have a major role to play.
This implies that despite the pandemic causing chaos for the business community, entrepreneurs have devised new and innovative ways to sustain and conduct business in Dubai. And with Expo 2020 around the corner, the government has also been launching attractive initiatives to support entrepreneurs in the country.
Let us look at the top 10 potential business ideas in Dubai:
1. IT Solutions
While many businesses in Dubai were already on their digital journey, few had accomplished the transformation goal. Covid-19, however, pushed other enterprises under the bus. With most activities coming to a standstill, going digital was and continues to be the only way out for entrepreneurs. This makes it an ideal time for tech geeks to act on their online business ideas. Technologies such as robotic process automation (RPA) and artificial intelligence (AI) have gained popularity among large organisations seeking to upgrade their legacy processes and cut on manual dependency. One could say that technological services were one of the most successful business in 2020. Therefore, 2021 looks bright for setting up an IT business in Dubai.
The restrictions brought about by the pandemic have redefined the retail industry in various ways. From limiting the number of people who can be in stores at a time to restricting the trial of promotional samples to lure potential customers, the scene has changed. However, there continues to be a huge demand for Covid-19 essentials including face masks, hand sanitisers, gloves, PPE suits, immunity boosters, and vitamins, among others. Businessowners have been quick at their feet. Many existing companies, be it packaging units or tissue manufacturers, added new verticals to their business by manufacturing their own manufacturing units to cater to increasing local demands for essentials.
3. E-commerce business set up in Dubai
During the pandemic, the consumers were quick to adapt to the online mode of browsing and buying. However, their shopping experience has changed. The trend of touching, wearing, feeling and perhaps tasting products before purchase has nearly halted. With the e-commerce giants dealing with thousands of vendors, large-scale logistics systems and occasional complications on the digital front, entrepreneurs with online business ideas could go for company registration in Dubai.
With the shopping business picking up online, the need for arranging deliveries, simultaneously, also saw a rise. Therefore, logistics business setup in Dubai is a fair entrepreneurial idea. Given Dubai’s close and seamless geographical connectivity with suppliers, this business could be simple and quite profitable this year. Furthermore, the ease of import and export supported by the local laws add to the timeliness of the entire logistical process and thus, make for a good business plan.
5. Digital printing / advertising
The printing industry in region has long been grappling with supply over demand due to mushrooming newcomers and credit period issues caused by clients. However, there could be a silver lining for printers brought about by the ongoing crisis. The rising demand for labels, printed instructions and stickers, social distancing fitouts for hospitality, healthcare and entertainment sectors, has created a new demand altogether.
6. Digital marketing company registration in Dubai
We are living in a day and age where information and services are available with a few taps on our mobile phones. And so have the strategies for marketing evolved. The lifestyle of people living in cities around the globe has been undergoing a massive change with the adaption of modern technology. Moreover, the higher education systems have also introduced tech-specific courses. Thus, those possessing such valuable skills should certainly consider making a living out of it. And what a better city to start as the best business setup consultants in Dubai are just a call away.
7. Tourism services
Dubai has been on the top of travel bucket-lists witnessing around 16 million tourists visiting the city for various reasons. This includes business, recreation, and health. Even during the pandemic, the city was one of the first destinations to open-up for visitors after ensuring that all safety measures and protocols were followed. Thanks to the visionary leadership of Dubai, economic activities bounced back soon enough. In December 2020, the city saw tourist flocks here to escape lockdowns in their parts of the world. The hotel occupancy rates, according to a report by a research agency STR, rose to 71% in December. Therefore, small business ideas offering niche PRO services for visa processing and lifestyle management are blooming.
8. Professional consultancy
About 27,307 business licenses, 64% of the total share, given out by the Dubai Economy were under the professional category. Whether you have a degree in psychology or clinical nutrition or you are qualified to impart interpersonal skills or simply write college essay for applicants, now is the time to execute your startup ideas. However, note that even online ventures require company registration in Dubai.
9. Cloud kitchens
Will the demand for food ever decline? It is true that the pandemic may have changed the way we choose to visit certain F&B destinations and the way we dine, but it is a fact that we cannot live without food. With conscious consumers and work-from-home becoming the “new normal”, the city has seen a rise in food aggregators. Unfortunately, the hospitality industry among others has been hit hard. However, the demand for food continues. This can be catered to via cloud kitchens which are economical as well as profitable.
10. Specialty clinics
The business of beauty, no matter under what circumstances, does not get hindered for long. Be it under the facemask or simply glamourising that mask, the desire to look good constantly fuels the business of making people look good, even via aesthetic procedures. Whether it is laser hair removal clinics or cosmetic surgeries, these “luxury” services continue to be popular.
Consult with the best company formation experts in Dubai
It is natural that you will have several queries and apprehensions before starting your own business venture in Dubai. Some of the common FAQs include:
Whatever is keeping you from acting on your startup ideas can be discussed and taken care off. Be it finding a reliable local sponsor or a suitable workplace, connect with Shuraa Business Setup. With more than two decades of expertise, Shuraa’s company formation experts in Dubai and value-added services, including tax & accounting and free PRO assistance, will guide you. Leave them to do the leg work while you conduct your business in peace and focus on your vision.
To learn more, book a free consultation with one of Shuraa’s business setup consultants in Dubai, simply call at +971 44081900 or send a WhatsApp message to +971 501287254. You can also drop an email to email@example.com