A quick look at the fastest growing industries in Dubai 2024

The business landscape of Dubai in 2024 is constantly evolving and growing, with innovation and cutting-edge developments being implemented on a regular basis. Today we are looking at those Dubai businesses that are thriving, the sectors that are attracting the most attention, and some of the key players standing out from the crowd.

What does the Dubai 2024 business landscape currently look like?

Dubai benefits from one of the most diverse business landscapes on the global stage. Entrepreneurs are drawn to Dubai, seeking to make the best use of the location, infrastructure, and high levels of governmental support, and it is a desirable location for both existing companies and new startups.

A wide spectrum of businesses and industries make their home in the region, and popular Dubai business sectors include:

• Tourism and Hospitality
• Technology
• Healthcare
• Oil and Gas
• eCommerce
• Retail
• Financial Services
• Real Estate

Growth in the region has seen many industries produce significant results, for example: Middle East Briefing show that Hospitality was responsible for 10.14% of the UAE GDP in 2023, the eCommerce market had increased from AED 6.5 billion to AED 7.3 billion between 2023 and 2024, and that UAE cryptocurrency market transactions as of February 2024 already accounted for around 9.2% of the global value.

What key areas are forming Dubai’s fastest growing industries?

With backing from various government ministries, Dubai is considered to be at the forefront of digital transformation and technological development.

Core areas pushing increased growth include:

• Digital innovation
• Sustainability
• Sustained public infrastructure
• Investments
• Free trade policies

Who is standing out on top of these sectors?

As you would expect in an area with such massive competition and development, there are a lot of highly influential businesses and opportunities for growth.

The companies making the biggest impact in the growing industries that are currently shaping the region include:

• Tourism and Hospitality
  - Marriott International Inc.
  - Hilton Worldwide Holdings Inc.
  - Jumeirah Group
  
  
• Technology
  - Apptunix
  - TEB Apps
  - Ripple
  
  
• Healthcare
  - Burjeel Holdings
  - Aster DM Healthcare Limited
  - PureHealth
  
  
• Oil and Gas
  - Emirates National Oil Company (ENOC)
  - Dubai Petroleum
  - Dragon Oil
  
  
• eCommerce
  - Noon
  - Namshi
  - Ounass
  
  
• Retail
  - Al-Futtaim Group
  - Carrefour UAE
  - Azadea Group
  
  
• Financial services
  - Amlak Finance
  - BNP Paribas Wealth Management
  - Mawarid Finance
  
  
• Real estate
  - Binayah Properties
  - FAM Properties
  - Better Homes

These businesses represent just a small fraction of those trading and succeeding in Dubai and the UAE, and with the right tools, talent, and development, there is plenty of space for businesses old and new to grow, evolve, and make their own impact within the region.

How can you successfully develop your Dubai business?

Businesses in Dubai are utilising the future of business automation and CRM to simplify their processes and drive sales, TEB.

TEB is an advanced automation software that completely streamlines business processes from assigning a lead to a team member to finalising an order. Businesses across Dubai are using TEB for:

• Sales automation - From assigning a lead to following up to close a deal, TEB will automate your end-to-end sales processes.
• Billing automation - Simplify your complex pricing processes and quote creation with automation and specification/volumetric pricing.
• Workforce automation - Streamline busy work and stay connected to field-force sales with TEBs advanced workforce automation.
• Marketing automation - Enhance marketing intelligence by pinpointing valuable lead sources, automating web forms and collecting feedback.

Some key features of TEB include:

• Field-force sales tracking - Track your field-force sales with GPS tracking to stay connected with your sales.
• Centralised and flexible database - Keep track of your properties, and ensure any notifications and updates are available in real-time.
• Workflow management - Ensure every stage of the purchase process is covered and handled in a way that meets you needs.
• Simple proposal pricing - Use specification, volumetric and look-up pricing for quick proposals
• Customisable terms and conditions - Adapt your T&Cs for individual customers, so you are completely covered no matter how simple or complex the real estate sale is.