How to Open a Shop in Dubai?

Anybody who has visited Dubai knows it's a major shopping destination. By 2023, the sector is expected to have a sum of US$29.76 trillion if we talk from the sales perspective. This has made entrepreneur to want to leverage on the industry. Are you also looking for how to open a shop in Dubai? Then look at this blog.

Solid Reason for Opening a Shop in Dubai

As mentioned earlier, the retail industry is one of the second-most booming industries in Dubai-UAE. There is no doubt that the pandemic had a massive impact on the same; 

To prove that opening a shop in Dubai is one best options, we have listed some critical findings below.

• Consumer spending increasing every Year
• Tourist spending has increased by 22%
• Shopping malls saw an 11% increase in footfalls
• The retail industry is expected to home an annual growth of 6.6% by 2025 ($70.5 Billion).

Undoubtedly, we can see a massive spike in the retail business segment. However, one must understand that the retail part mainly depends on the domestic and foreign audience.

For Opening a Store in Dubai Target on These Business Segments

Let's look at a few of the trending business segments that will turn out to be profitable when it comes to opening a store in Dubai.

• Flower
• Cosmetics
• Fashion & Footwear
• Perfume
• Electronics
• Home Furnishing
• Jewellery
• Grocery
• Parlour
• Exclusive Store

The above-stated business segments are just a few in the count. Dubai has no limits and you can even open an online shop. You can start any shop based on your interest, which will help you quickly grab your targeted customers' attention.

Best Location for Opening a Shop in Dubai

Dubai Mainland is one of the perfect destinations for medium and large-scale business operations. opening a shop in Dubai requires the business investors to get a license

A few of the zones in Dubai Mainland include:

• Sheikh Zayed Road
• Business Bay
• Deira
• Al Qusais
• Bur Dubai
• Al Quoz

How to Open a Shop in Dubai?

To know on how to open a store in Dubai, read the below procedure. 

 1. Initial Approval

Choose your trade name, list the activities you want to proceed with and get the initial approval.

 2. Business Entity

Select the type of entity that you want to establish. 

 3. Look for Office Space

Look for a suitable office space for your store.

 4. Submit the Documents

Submit the relevant documents to the Department of Economic Development. The documentation part only gets complete after obtaining the approvals from the respective authorities.

 5. Obtain the License

The license is to be obtained from the DED, with relevant approvals from the Ejari, Ministry of Economy UAE, Dubai Municipality, and other authorities.

Opening a Shop in Dubai Freezone

Opening a shop in Dubai free zone is not permissible. However, you can open offices spaces in the freezone

Depending on the business activity, the following locations can be chosen:

• Aerospace or Logistics -Dubai Airport Free Zone Authority
• Advertising or Media Agency -Dubai Media City
• Tech shops- Dubai Silicon Oasis
• Medical shops- Dubai Healthcare City
• Finance & Legal- Dubai International Financial Centre
• Jewellery & Precious Metals- Dubai Multi Commodities Centre

Still Wondering How to Open a Store in Dubai? Commitbiz Will Help You. 

Commitbiz Management Consultants is one of the growing business consultancy firms you can count on. Our experts are well-versed with every node, from the initial step of incorporation to opening a bank account.

While you strategize the business moves, we will take care of your legal proceedings. For more information about opening a shop in Dubai, feel free to get in touch with our experts. Contact us today-we'd be glad to assist!