Industries to Invest in the UAE in 2022

by Vidhya Sethuraman 28, Nov 2022

Invest in UAE

The United Arab Emirates is a land of new investments. The country provides an opportunity for growth to all the investors - whether Emirati or Expat. However, deciding which industry to invest in the UAE can be confusing. 

This post will save you from that trouble and list the five best industries where your hard-earned money will get the most returns.

Some of the Best Investment in UAE?

You can find countless investment opportunities in this dynamic country. Here's our list of the top five industries that stand as the best investment in the UAE

Construction industry

The UAE government is making considerable efforts to improve its infrastructure. The construction industry in the UAE accounts for 70% of all infrastructure projects mentioned in the AbiQ database of May 2022.

Its construction market size is expected to grow at an average annual rate of more than 3% from 2023 to 2026. This data shows that investing in the construction industry is your safest option.

E-Commerce Industry

The UAE is a leading destination for starting an eCommerce business in the Middle East. The e-commerce market in the emirates jumped by more than 50% in 2020, making a record sale of $3.9 billion.

You can easily set up a successful e-commerce business in the UAE, even with limited capital and business knowledge.

Tourism Industry

The tourism industry accounts for 12.1% of the country's GDP, making it one of the most profitable sectors to invest your hard-earned money.

Considering the increased rate of tourist inflow in the country, investing in the tourism sector can be an ideal option for you.

Real Estate Industry

The real estate industry is undoubtedly a profitable investment option in the UAE. Currently, the real estate sector contributes around 5.5 percent to the country's GDP.

A well-known news outlet, Khaleef Times, even predicted that the real estate market in the UAE will grow at a rate of up to 111% faster in the next five years than today.

It is high time to invest in the real estate sector and take advantage of this opportunity.

Health Industry

The healthcare sector has witnessed tremendous growth after the pandemic and is expected to rise to $28 million by 2023.

The local government is taking several initiatives to develop and promote this sector, making healthcare an ideal industry to invest in the UAE.

Top 5 Tips to help you Invest in the UAE.

Now that you know some of the best investment opportunities, here are some tips to ease this process.

Decide your Industry Upfront

As already mentioned, you'll find countless investment opportunities in this dynamic country. 

However, deciding on your industry beforehand is essential to avoid investing in an unprofitable business.

List down your Budget

It is critical to understand your financial position before making any strong investment decisions. 

Crafting your budget plan is a crucial part of clarifying your financial spending.

Understand Risk and Return

Risk and Return are components of any investment process. The higher the returns, the higher the chances of risk.

Hence, you should anticipate the cases of risks along with the returns of your investments.

There is no point in investing in industries with high-risk levels and less return.

Be Prepared for Uncertainties 

Investments are a game of uncertainties!

You can't predict how exactly your investments will perform in the market.

That is why extensive research is always essential before investing in any business. This way, you will be prepared to handle future uncertainties. 

Take help from financial experts.

Investing in a new industry is a big decision, especially for small businesses. You should always take help from experts in the field when entering a new market.

But the problem is - How to find the best financial consultants in the UAE for investment-related concerns?

The answer is - Commitbiz.

Commitbiz has a team of expert financial consultants with years of experience in this field. Our expertise has helped thousands of clients make the right investment decision.

Contact us to get the best financial advice at a minimal cost.

FAQs

Which industry is booming in the UAE?

Some of the most profitable industries in the UAE are:

  • Construction industry
  • E-Commerce Industry
  • Tourism Industry
  • Real Estate Industry
  • Health Industry.

What are the most demanded products in the UAE?

The following products have considerable demand in the UAE:

  • Apparel
  • Health items
  • Footwears
  • Dry fruits
  • Perfumes

What is the UAE's main source of income?

Petroleum products.

The UAE economy is heavily dependent on petroleum and natural gas revenues.

What are the top 3 imports of the UAE?

The top three imports of the United Arab Emirates are:

  •  Gold 
  •  Broadcasting Equipment
  •  Refined Petroleum

How is the UAE economy doing?

Central Bank projects UAE GDP to grow by 5.4% in 2022 and 4.2% next year.

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