3 Industries to Avoid Investing in When Buying a Business in the UAE

1. 3 Industries to Avoid Investing in When Buying a Business in the UAE Acquiring a business in Dubai is a good and a sound business strategy that could lead to a solid and sustainable business success in one of today’s most vibrant business environments in the world. But, with such an ideal location, a sound infrastructure and a business oriented culture, Dubai provides reassurance for diversified projects. However, while you Buy business in dubai many doors open to various opportunities, it’s essential to understand which industries are struggling and might not be the best options for investment. Below are three industries to think twice about before you Buy business in dubai: 1. Brick-and-Mortar Retail Companies that operate traditional types of stores – those where the sale of goods occurs directly to the end consumer through actual outlets—have not benefited from this option in retailing. In the region of Middle East and North Africa, it was estimated that 91% of the consumers shop online, an implication that there has been a huge change in the purchasing behavior of the consumers. Speaking of Dubai, businesses are relatively rapidly adapting to the use of digital technologies. Stores are struggling to compete with online shops and getting more and more shut down. While some retail outlets remain viable, the long-term outlook for brick-and-mortar retail is unfavorable, making it a less attractive option for those looking to Buy business in dubai. 2. Restaurants The restaurant industry in Dubai has forces such as high competition, high costs of entry, and complicated customers. In many countries, 60 percent of restaurants struggle to stay open for more than

2. one year. An example of this trend can be observed in the United Arab Emirates, where the customer base in the dining segment has long been rather saturated. Increased food delivery services have once again influenced the restaurant business because people prefer delivery rather than eating outside. Since the failure rate is so high, and the general market conditions rather unfavorable, acquiring a restaurant business in Dubai may not give investors what they seek: steady returns. 3. Publishing Books, Magazines, and Newspapers Booming to 99% in the United Arab Emirates (UAE) the most traditional business of publishing such as books, magazines, and newspapers have been on the decline. The market of printed books and newspapers is decreasing since people are moving from printed printed media and material to their online counterparts. The sales through traditional publishing is expected to decline from $2 billion in 2018 to $1.2 billion by 2027. Since readers and advertisers are also shifting to the World Wide Web, the acquisition of a conventional magazine in Dubai is highly perilous to business. Promising Industries with Growth Potential For those looking to Buy business in dubai, the following sectors offer more promising opportunities: ● Hospitality: Tourism continues to be on the rise in Dubai which is helping drive new progress in the hospitality sector. E-commerce: In today where retail businesses are driven more into online businesses, selling companies are witnessing incredible growth performance with the implementation of a digital commerce model. Manufacturing and 3D Printing: The emergence of new advanced manufacturing technologies like 3D printing is leading to formation of new business. Artificial Intelligence (AI): AI is finding its application in multiple fields and is aspiring as fascinating prospects for investors who are excited about advancement technology. ● ● ● Where to Buy and Sell Businesses in the UAE To Okonjo, investment seekers looking to invest in special businesses such as Bidzi the capital will afford a good way to purchase and sell the businesses. Bidzi is one of the biggest platforms for sellers and buyers of businesses in Dubai and the company is aimed at making it easy for users to transact. Other well-known listings include Dubizzle and Business Finder UAE where people go to transact, seek investors, and identify suitable business opportunities for investment excluding businesses that are fading out.

3. By focusing on high-growth sectors like hospitality, e-commerce, and AI, and using platforms like Bidzi, entrepreneurs can make informed decisions when they Buy business in dubai. Conclusion While brick-and-mortar retail, restaurants, and traditional publishing face significant challenges in Dubai’s evolving market, other sectors offer exciting opportunities for growth. For investors looking to Buy business in dubai, it’s important to focus on industries that are aligned with future trends, such as hospitality, e-commerce, and AI. Choosing the right sector is crucial for maximizing your returns when you Buy business in dubai. One has the opportunity to invest in the rapidly growing and emerging sectors while at the same time steer clear from industries that are associated with high risk that could lead to unprofitable returns in this type of market.