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Majestic landmarks in Dubai like Burj Khalifa, Palm Jumeirah, and Jumeirah Mosque leave everyone awestruck. When it comes to architectural brilliance, Dubai has been setting standards for the rest of the world. Imagine being part of such amazing projects! The city boasts diverse and bustling economy, creating ample opportunities for those interested in project management. Businesses and individuals seek skilled professionals to lead and handle their projects. Be it a small task, such as website building or a mega project like building glorious skyscrapers, the opportunities are countless. This makes project management business in Dubai not just profitable but a diverse endeavour.
The business is worth exploring, and that is exactly what we would be doing here. Let us understand the scope of project management business, the process of obtaining project management license in Dubai, and the benefits that come along with it.
You might be wondering, why project management out of all businesses? Well, undoubtedly, there are many great business ideas in Dubai that are highly profitable. But if you are someone who likes organization, enjoys taking the lead and excels in supervision, then you will not only earn well but also enjoy running a project management company in Dubai. And this is not all; the economic scope of the industry is quite impressive too. It is pleasant to know that UAE’s economy it is projected to grow by 4% in 2024 and 5% in 2025, and it will be the highest among all the GCC countries. Such a thriving economy provides a fertile ground for project management companies in Dubai.
In project management, one thriving submarket is construction sector. The UAE construction market has seen significant growth in recent years, be it commercial, industrial, or other infrastructure projects. It offers immense opportunities for those looking to start a project management company in this field.
The UAE government has been active in ongoing projects, which provides massive opportunities to work directly with the government. For example, there is ongoing construction of roads, bridges, airports, ports, metro systems, and many other infrastructure initiatives in the city. As a project manager, you could oversee the planning, designing, development, and execution of such projects.
Other than all this, Dubai is also home to countless businesses and professionals. You can take on projects in marketing, app development, web development, and many other fields, working for these diverse clients. The opportunities in project management in Dubai are abundant.
All you need is business acumen, willingness, and a thirst for success!
Let us get a quick idea of what a project management company does. Project management companies are responsible for planning and executing specific projects for their clients. They offer services that ensure the project is completed on time, within the allocated budget, and to the highest standards. Project management services Dubai include:
The advantages of being a project manager in Dubai are truly compelling. Go through these advantages of project management companies in Dubai to get a better idea of why it is a top-performing sector in the Emirates.
You get to work on a variety of tasks, whether small, big, ad hoc, or recurring. These could include anything from construction of a full-fledged skyscraper to developing a mobile app or organizing an event.
There is a rapidly growing demand for more project management services in Dubai from individuals, businesses, professionals, and even the government.
As a foreigner, you can enjoy 100% ownership of your business and have better control and authority over its operations.
Dubai’s tax benefits are world-famous. You can save a significant amount of money, as the tax rates are very favourable.
The UAE government is highly involved in development projects, and you can take the lead in many of these initiatives.
Project management companies can operate without a physical office for the first few years, making it more accessible and cost-effective.
After starting your business, you can easily apply for a UAE residency visa, not just for yourself but also for your family and employees.
Project management companies in Dubai need to obtain the proper approvals and licenses to operate smoothly and legally. Here are the steps for obtaining a project management business license in Dubai:
First, you must choose the economic zone for your business. You can either operate on the mainland or in a free zone. To get a better idea of each and to understand the difference between the two, we suggest you read:
You must choose a suitable legal structure for your business. The legal structure dictates the tax framework, operational flexibility, ownership pattern and other aspects related to a business. Choose the one that suits your needs such as a sole proprietorship, limited liability company (LLC), free zone establishment, branch office, etc.
The business name you select must be both lawful and attractive. You must also get the name registered with the DED. You can provide three alternatives for names and check which one is available.
All project management companies in Dubai must obtain the initial approval from the DED before proceeding further with license application.
Next, you must obtain a project management services license Dubai. If you decide to operate on the mainland, the DED (Department of Economic Development) would be the authority to approach. In the case of a free zone business setup in Dubai, you must apply with the relevant authority of that zone.
Post license issuance, the next step is to open a business bank account with a suitable bank in the UAE. This account is necessary for the financial transactions of your business setup in Dubai.
Next, you must proceed with the immigration procedures. To legally stay and work in the UAE, you will need a visa. Additionally, you may need visas for your employees and family members.
Once you complete the above steps, you will be good to go with running your project management company in Dubai.
To get the business license, project management companies in Dubai generally need to submit the following documents:
Please note that the government keeps on updating the legal requirements for project management business in Dubai. You must check the official websites of the authority to get the latest information. Alternatively, you can consult one of our experts at Dubiz Business Setup.
Project management license cost in Dubai lies between AED 15,000* and AED 25,000*. However, the cost of starting a project management business in Dubai may depend on various factors like your specific visa needs, chosen jurisdiction and specific business conditions.
You can get accurate costing by contacting one of our experts at Dubiz Business Setup.
Once you enter the project management industry, the sky will be the limit to your growth. However, to achieve that, you must be able to run your business intelligently. We have compiled some strategic tips for your convenience that could ensure guaranteed business growth for you:
Provide them with training and ensure they are well-versed in the latest industry practices. Remember, your team is the backbone of your business and can make or break a project.
Dubai is a hub for developed business communities. Participate in events, seminars, conferences, trade fairs, and build your network. It will help you reach more clients.
Leverage social media channels. Promote your brand creatively and make an impact to let your services be known.
Allow yourself to expand and offer new services, such as additional consulting or entering new niches. Explore and keep finding new opportunities—Dubai is an ocean of possibilities.
Employ the right software and tools for project management solutions. It can really impact the quality of your service, leading to client satisfaction. Never hold back from adapting to the latest technology.
Maintain a steady stream of communication with all stakeholders involved in the projects. Two-way, smooth communication is vital for successful project completion.
There are plenty of projects you can manage in Dubai. However, remember that project management companies in Dubai need to obtain the proper permits and licenses to operate legally in the city. There is a legal process that needs to be followed, including proper documentation and more. But do not feel lost when we are here. You can join the list of top project management companies in Dubai with us by your side.
Dubiz Business Setup has been helping businesses set up for success in Dubai for 7 years, and we will be more than happy to craft your success story. From obtaining the project management license in Dubai to handling all the document clearance, company registration, bank account setup, and visa processing, we can be your one-stop solution.
All you need to do is connect with us to start project management consultancy Dubai successfully.
Contact Dubiz Business Setup today at +971563695485 or WhatsApp us at +971563695485. You can also drop an email at info@dubiz.co for any inquiries.
A project management license is a type of business license that allows any business or individual to legally provide project management services in the city. It can be obtained through the DED or respective freezone authority.
Some of the possible project management license activities in Dubai include:
The estimated monthly earning of a project manager in Dubai is AED 21,500*. The earnings can vary based on the type of projects undertaken, services being offered, etc.
Yes. Given the rapid urbanisation and continuous developmental projects, there is a substantial demand for project management services in Dubai. Individuals and businesses are looking for project management professionals who can help them with the execution of multiple projects, creating ample profitable opportunities.
A project management visa can be categorized as a type of business visa in Dubai that allows the project manager to stay and legally work in the city for a specific period of time.
