Dubai, a member state of the United Arab Emirates (UAE) is a fastest-growing business hub. It offers comfortable and convenient business setup procedures to entrepreneurs. The Emirate has transformed itself from a small-time trading nation to a global business destination. In less than four decades, Dubai has achieved a thriving economy. If you, too, want to ride on this unprecedented growth, a business venture in Dubai is the way to go.
You need to incorporate a company in Dubai with a trade license, government approvals, a visa, and a UAE local sponsor. But first, you must decide on the location of your business.
We have listed down the top five locations for your business setup in Dubai. Have a look!
1. Sheikh Zayed Road
The most iconic road of Dubai, the Sheikh Zayed Road, just had a handful of buildings on the deserted stretch in the early 80s. However, by 2005, with the growing numbers of company setups in Sheikh Zayed Road, the area became one of the best commercial hubs worldwide, with gigantic infrastructural and diversified commercial setups.
The Sheikh Zayed Road in Dubai runs corresponding to the UAE’s coastline with construction wonders and widespread connectivity. The jurisdiction is not just a path, but a region is contributing to the thriving economy of Dubai, housing some of the prominent companies in the world. From professional organization to world-renowned brands, from business undertakings to global corporate leaders, the region also caters immensely to the city’s high-rise infrastructure.
These attributes make Sheikh Zayed Road a demanding place when corporate entities consider offices for rent in Dubai.
2. Al Karama
Al Karama or Karama is located in the old Dubai region. It is a bustling area situated in the middle of Sheikh Khalifa Bin Zayed Street. It is one of the most populous areas matched to other residential areas in Dubai.
Nonetheless, this jurisdiction has much more than what meets the eye! Al Karama and the neighborhood parts have been a tourist attraction with various bargain shopping options. The region is also known for its gigantic list of restaurants famous for South and other Asian delicacies, making the business incorporation in Karama an excellent choice if you intend to cater to any of these segments.
It also provides comparatively cheap offices for rent to SMEs and offers better connectivity, dense market area, and an opportunity of channelizing the company in a location like Al Karama.
3. Business Bay
Business Bay is an origination of the vision to make the government of Dubai’s definitive business hub. The territory of Business Bay acts as a chief business district of various commercial proceedings in Dubai. The jurisdiction does not complete commercial space and offers residential and leisure ventures, depicting Dubai’s metropolitan lifestyle. Business Bay is strained across 46.9 million square feet – most of the area accommodates to real estate businesses, followed by general trading and professional companies. A substantial part is also occupied by the retail industry and the entertainment industry.
Deira is located in old Dubai, amongst which the cultural attraction continues to be the business core of the Emirate. This active business district is home to Emirate’s rich cultural souks, with a fusion of modernity in the operations. Dubai is a metropolitan city with skyscraping infrastructure; comparatively, Deira offers a different side to Dubai – showcasing the ethnic grounds. Still, development in the town remains fast-paced, as Deira’s company formation is facilitated and guided through all the modern business setup procedures. However, the Dubai government has been creating measures to uplift the region, but it is intense to retain its heritage.
Close to the Dubai Creek, Deira also is a foremost shopping and a tourist destination – known for the vast wholesale markets and some of Dubai’s modest souks – such as Gold Souk housing the world’s largest number of gold stores, perfume souks, textile markets, global brands, spice souks and more.
5. Bur Dubai
Bur Dubai is the oldest commercial space retaining the rustic feeling of ancient Dubai Heritage. A leading commercial sector in Bur Dubai is the hospitality sector. With the heritage village, historic places, and the waterside path featuring a line-up of dhows offering dinner cruises, Bur Dubai makes an ideal tourism and hotel business location. Nonetheless, there are also some well-known eateries and inexpensive restaurants.
Trading sectors such as the gold trader, spice trader, and the textile industry and enormous SMEs are another magnetism towards business formation in Bur Dubai. The jurisdiction also provides networking among different commercial entities, the efficiency of governmental procedures, and the convenience of company formation Dubai in the region. The neighbourhood is also home to various restaurants, cafes, hotels, art galleries, and exciting shops, expanding Dubai’s business setup.
So, which one do you choose?
Remember, whichever you choose, and the end of the day, all that matters is serving your products to your customers.
Nevertheless, if you need help in incorporating a business in any of these locations, Commitbiz’s business setup in Dubai specialists can assist you.