Over the past decade, Dubai has gained dramatic name and fame among tourists, investors, and people looking for a new job and home with a luxury touch. Not only does the beauty of Dubai attract people from around the world, but several mega-events that the city hosts every year also drive huge tourist traffic. Some of the upcoming major events in Dubai include International Conference on Big Data, IoT, Cyber Security and Information Technology, Dubai’s Big Business, Tech & Entrepreneur Professional Networking Soriee, and the most awaited Dubai Expo 2020.
This translates to the increasing demand for top-quality restaurants with scrumptious food and superior service. Other than being a hotbed for tourists, investors, and professionals, the cultural diversity of Dubai also contributes to the growth of the restaurant industry. During weekends and Islamic holidays, restaurants in Dubai are found to be packed with customers. Besides, a large number of working individuals also frequently visit restaurants to satiate their hunger. In short, Dubai provides a great customer base for restaurant businesses.
Here are a few lucrative trends that will give deeper insights to those who are planning for a restaurant business setup in Dubai.
- Gastronomic Capital of the Region
Home to a large and diverse population, Dubai has positioned itself as the gastronomic capital of the region. Visited by around 7 million tourists every year, the city offers promising opportunities for restaurant businesses.
- Rapid Demands of Niche Food Markets
Owing to its huge diversity and culture, Dubai is flocking with tourists and ex-pats with specific preferences, such as vegetarian food, vegan food, halal food, and gluten-free diets. A bigger shift is yet to come soon in the restaurant industry. The 2019 Gulfood Global Outlook Report states that an unanticipated shift is being seen from rural to urban living that is going to impact global consumption habits.
The upcoming years will see more young consumers in the Middle East region who will act as the driving power of the increasing demand for organic and locally produced food. Among macro business categories in the food industry, sustainably operated restaurants are being seen as the game-changer in the F&B industry.
- Increase in Dine-out Preferences
Dubai consumers, especially youth, are becoming more inclined to dine-out experiences. Thus, restaurants based on specific, attractive themes and niches will see a considerable consumer base with steady growth in the future. Many surveys have even revealed that Dubai consumers are comfortable with paying a premium price in exchange for quality food and excellent service.
- Potential to Connect with Hotel Chains
Since Dubai is a hotspot for tourists, the city respects the exclusiveness towards hospitality. To offer premium hospitality and exquisite dining experience, various hotels are showing a willingness to partner with top restaurant startups. This makes it much easier for restaurant startups to enter the industry.
Till now, Dubai has become home to thousands of new restaurateurs due to its business-friendly environment, liberal policies, and huge growth potential for restaurant businesses. This ultimately means you can flourish there too if you are planning for a restaurant business setup in Dubai. All you need is a good business setup roadmap and guidance.