Top Destinations To Start A New Business In Dubai, UAE: By Financial Experts

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Neha
Dec 28, 2021

As a region, the Middle-East has seen its fair share of contenders in terms of business and financial leaders. The oil rich region has been characterized by nations that want to shed that tag and move into the 21st century as a hub of global excellence. 

While in the past, cities like Beirut and Bahrain have staked claim to be global, world-class leading cities with the best infrastructure, we all know how they could not stand the test of time. For the past decade, a new city, has been crowned in the region. 

Almost everybody knows that Dubai in the UAE has emerged as one of the world’s leading financial capitals. Growing real estate demand, increasing diversification, world-class connectivity, entertainment and leisure have all led Dubai to overtaking all its rivals. 

It is no surprise that some of the world’s leading businesses as well as new start-ups are moving to Dubai to benefit from global infrastructure and a tax-free regime. In this article, we are going to look at the top destinations in Dubai to start a new business. 

The Dubai Mainland and Central Business Districts

The Sheikh Zayed Road is the central lifeline of Dubai. It is the oldest and most popular road in probably all of the UAE. This region boasts of some of the most iconic landmarks and buildings in Dubai. You have the Dubai World Trade Centre as well as the Emirates Tower, both located on Sheikh Zayed Road. 

The Dubai Mainland offers a host of attractive localities for new businesses to set up offices. The mainland is connected extensively through Metro and other public transport. In this regard, the following locations on the Dubai Mainland are a favorite for new businesses- 

  1. Business Bay Area
  2. Al Quoz
  3. Al Quasis
  4. Deira
  5. Bur Dubai

Almost all the above locations can be compared to mini-cities in themselves. You will find shopping malls, hospitals, and leading schools in the region. However, this is not a Free Economic Zone and rental as well as real estate prices are very high!

If you want to open a business here, you will have to partner with a National Sponsor and own not more than 49% of the business. This prevents new start-ups and entrepreneurs from choosing Dubai’s mainland to set up new businesses. 

Dubai Free Economic Zones: A Haven for New-Age Start-ups and Entrepreneurs

The Dubai government realized that not every business will be able to afford an office or start operations on the Sheikh Zayed Road. It understood that it needed to do more to attract SMEs, MSMEs, and Start-Ups to Dubai. 

This is why the government has been able to delineate nearly 45 Free Economic Zones in strategic locations all over Dubai. Zones like the Dubai International Finance Centre or DIFC offer world-class infrastructure and have been able to attract foreign businesses. If you want to set up a new business in DIFC, you should take help from a law firm in DIFC. 

The following are some of the most famous Free Economic Zones in Dubai- 

  1. Jebel Ali Free Zone or JAFZA
  2. Dubai Media City or DMC
  3. Dubai Healthcare City or DHC
  4. Dubai Airport Free Zone or DAFZA
  5. Dubai Multi Commodities Centre or DMCC
  6. Dubai Silicon Oasis or DSO

The reason why investors, as well as new businesses, flock to these regions is apparent. New businesses can continue owning 100% total ownership over their entity. They also take with them 100% of all the profits that are generated from the business in the UAE and Dubai. 

Most of these free zones are located strategically near the airport. They are excellent in terms of connectivity options and allow businesses to enjoy all the modern amenities that should be common in any financial capital of the world. 

The Final Word

If you have been reading the news, you would know how the government pitched the Dubai Expo 2020. Although the same was diluted in appeal and publicity because of the pandemic, it still managed to attract the attention of millions of professionals and businesses that were eager to travel to this part of the world and open shop. If you have any questions or would like to add something important and relevant to the topic, please reach out to us in the comments below.

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