Dubai Witnessing a Spike in Business Growth after Lifting COVID-19 Restrictions

With lockdown and restrictions forced by COVID-19 being lifted in Dubai, albeit in a gradual manner, many sectors witnessed a spike. Although people are still instructed to follow SOPs and adapt to the new social distancing norms, yet some businesses are thriving. Consequently, it is safe to say that Dubai is witnessing a spike in business growth after COVID-19 restrictions were lifted.

Restaurants and food points were among the major sectors that were hit hard by the global pandemic. They were only allowed to offer takeaway and delivery services only. Quite a few of them couldn’t survive the pandemic and had to succumb to the pressure. However, with lockdown now being eased in Dubai, restaurants have started to reopen for the last two weeks. With their resumption of services, they have witnessed a growth in their business growth. People who were confined to their homes due to the lockdown, they also got an opportunity to go outdoors and enjoy their favourite meals. However, the restaurants that have reopened are required to follow health and safety rules strictly as stated by the authorities. Furthermore, they are only allowed to open for reduced time and limited capacity.

Other than that, the real estate sector has also witnessed growth. However, it is to be noted that, as per property finder platforms, the interest of buyers/investors has shifted to bigger spaces with open outdoor areas such as townhouses and villas. Many real estate firms in the city have reported receiving an increased number of queries particularly related to villas.

The reduced costs of the properties, coupled with enhanced flexibility shown by the project owners/sellers, is another factor that has contributed to an increase in business in this sector. Moreover, digital technology has also played a vital role in this regard. People can now have a tour of a property and complete the procedure of buying/renting it via online means. For example, interested buyers can look for villas for sale in Dubai offers on their smartphones using dedicated applications offered by many real estate firms.

Speaking of digital technology, it has one sector that thrived the most during and after the lockdown. Particularly during the lockdown period, many business entities shifted their operations to online means. Right from the food industry to real estate, every sector relied on advanced IT solutions to keep their business thriving in these testing times.

Gyms and fitness centres were among the first places to be closed when the COVID-19 reached Dubai. Unfortunately, some of them also couldn’t survive the pandemic and shut down their services permanently. Those who survived, they have been allowed to continue their services but with limited capacity. Moreover, they are also allowed to continue their operations only if they follow the necessary SOPs and guidelines imposed by the government. Fitness enthusiasts who were missing out on their workout sessions during the lockdown jumped to this opportunity and have resumed their fitness journeys. Consequently, it has resulted in the business growth of the fitness sector.

All in all, many other sectors have also reported a growth in business after the COVID-19 restrictions have been lifted. Tourism, one of the major sectors of the city, is also set to resume from July. However, the effect it is going to have on the economy will only be clear once it is resumed and the interest shown by the tourists.

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Ramsay Bolton Joined: June 17th, 2020