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There is an abundance of business opportunities in Dubai for both local and foreign investors looking for a profitable venture in the UAE. However, it is not a good idea to blindly proceed with the project without first considering your options. Though these opportunities offer a high probability of success, it is best if you acquaint yourself with the finer details to avoid problems later on.
1. Real Estate
One of the prime business opportunities in Dubai is real estate. That’s right; the real estate industry in Dubai alone contributes 22% to the cities GDP. Construction projects are undertaken by both local and foreign companies to expand the city’s popularity to the world market catering to the needs of business investors and tourists alike for luxurious commodities in the city.
Delving into the real estate market in Dubai does have its challenges like finding the right property to invest on with a good possibility of returning your investment; or taking advantage of the city’s tourism for possible rentals as monthly income.
2. Travels and Tours
Due to Dubai’s popularity as a tourist attraction in the UAE, putting up a travel and tour business in the city is a great way to tap into the market and earn you a successful investment. According to statistics, there is a stable growth of tourist activity in Dubai, seeing a growth of 5 to 10 percent each year. Such is the case; taking advantage of this fact to jumpstart into the travel venture as one of the business opportunities in Dubai is definitely a good idea.
This article is sent by Sania through email. Sania is living in Dubai with her family since last 5 years. She is basically from Dehli. She tells us the best business opportunities through this article.