Situated in the heart of the UAE, Dubai is considered to be one of the fastest growing cities in the world. Turning out to be a famous tourist destination, the region unites millions of tourists from different corners of the world. Over the past few years, the Dubai Tourism Department has seen a positive shift when it comes the number of visitors. In 2018, the total international visitors reached a count of 15.92 million. This continuous increasing number turns out to be good news for business investors who want to establish a business in Dubai, dealing with the tourism sector. Apart from that, the hospitality sector is indirectly getting benefited from the same. Considering all the possible facts, the Government of Dubai have developed multiple strategies, and one among them is the Dubai Tourism Strategy 2027. This article will take you through the tourism strategy built and how you can set up a business in the same domain. Let’s start by understanding…
Tourism Sector in Dubai
The United Arab Emirates follows an economic diversification strategy. Contributing to almost 10% of the UAE GDP, the tourism sector stands as one of the best performing sectors in the UAE. The sector has been providing multiple benefits and significant opportunities turning the region as an entertainment and tourist spot. When it comes to transportation connections, it has got a wide-spread map connecting to every known country. Be it museums, international conferences, event management, or even international sports event, Dubai turns out to be an eye-catching spot, gathering foreign expats from every possible corner. Currently, the region is looking forward to Expo 2020 that’s expected to be one of the major drivers to bring a 360° transformation to Dubai’s economy. Let’s have a look at it.
conduct Expo 2020- a platform for collaboration and innovation. When it comes to partnership, The Expo 2020 Dubai has partnered with leading American companies covering Accenture, Cisco, Mastercard, PepsiCo, UPS etc, to leverage the visitor experience to the next level. According to a report published by Standard Chartered Bank, the Expo would directly create around 3,00,000 jobs, out of which the tourism and travel sector would cover 90% of job opportunities. Click here to see how it is going to bring a massive change in the world. Now, this presents a wider scope for the business owners and investors to invest in the tourism business in Dubai. You will get a clear regarding this at the later part of the article. As of now, let’s have a look at the Tourism Vision 2027.
Dubai Tourism Vision 2027
The Tourism Department of the UAE has developed an ambitious tourism strategy backed by continuous planning and strategy building that would attract a count of 25million of tourists by the end of 2025. The end goal is to uplift the Dubai’s rank at the first place when it comes to tourism sector at an international level surpassing Bangkok, London and Paris. At present, it needs more than 50% per cent of more visitors of the present count. By the end of 2027, it is expected to contribute 12.4 per cent of the GDP. Additionally, the effect can also be seen in the employment sector as it would grow to achieve its next level.
Tourism Business Opportunities in Dubai
As stated earlier, a wider scope for tourism business can be easily seen in Dubai. An extension of Medical Tourism can also be seen that has been growing continuously. By the end of 2020, the medical tourism industry is expected to hold a value of $19.5m, paving out a way for more than 40,000 healthcare professionals. Dubai’s tourism sector has been growing remarkably attracting millions and millions of tourists year by year. If you are planning to start a tourism business in Dubai then it’ the right time for you to step-in and implement. Apart from Dubai, even Ras-Al-Khaimah launched Tourism Development Strategy 2019-2021 to leverage and develop the sector.
How to Start a Tourism Business in Dubai?
Well, the incorporation of a tourism business in Dubai involves the obtaining of travel agency licenses. Once you have obtained the license, you can carry out the business operations accordingly. In order to do so, the following essentials needs to be submitted to the Dubai Department of Tourism and Commerce.
For Inbound and Outbound Operations
- Duly filled application form to the Dubai Department of Tourism and Commerce
- Copy of valid foreign passport of the applicants
- Certificate of professional qualification of the applicants
- Technical feasibility report
- Processing fee: 10000 Dirhams
For Travel Agency Business
- Approval fee
- Insurance policies for business
- Lease contract stating the office location
- Clearance certificate from Dubai Police
- Work-experience certifications
- Request approval of agency’s trade name
It is to be noted that starting a business in a foreign land without any guidance might end up in trouble. To ease the process and carry forward in a hassle-free way, it is advised to have word with one of the business consultants who possess in-depth knowledge regarding UAE laws and can help you in establishing process. Wondering whom to contact? Don’t worry. Commitbiz is here to help you in fulfilling your business dream. Our business experts hold industry experience and is well-equipped with the business establishment process. To have a word with our experts, do contact us-we’d be glad to assist.