Buying a restaurant in Dubai is one of the best investments you will ever make!
by Amanda Hun on 15/10/2021
Are you someone who is looking to buy a property? Congrats! You have landed on the right page. After so much research, here are the conclusions which reflect the best pointers you should keep in mind. Presently, Dubai is a rapidly developing place in terms of a global food destination.
The site where almost 4.7 million travelers visit every year, making this the most suitable location to open a restaurant. If done precisely, investing in Dubai can be a worthwhile decision and make a whopping amount of revenue each year. Meanwhile, due to the covid-19 pandemic, opening a restaurant in Dubai has to be done entirely planned and in a thoughtful strategy. In this article, you will discover things to consider while investing.
Most Important Things to Consider While Investing
Investing can be bothersome if not performed correctly. In terms of investing in restaurants. There can be a few things to keep in mind. Here is a glance at them:
The Food Code
Besides any other country, Dubai retains a food code, basically a list of guidelines that every restaurant must fulfil. To regulate a restaurant in Dubai, these food codes need to be followed by the restaurant.
These food codes are rendered to sustain a safe atmosphere and the health protection of patrons. If, in any case, you find opposing them, then the laws are very stringent for not regulating. Before thinking of owning any restaurant, keep in mind these codes.
Investment Costing
It is also essential to acknowledge the cost of investing. Since a restaurant business costs a fortune, writing down all the expenses can be a thoughtful step to resist wastage.
Every restaurant consumes an ample amount, so to avoid any unnecessary expense, every owner needs to have a rough estimate of the costs that are compulsorily taking place.
Here is a list of initial investments:
- Permissions
- License
- Staff training
- Equipment, tables, etc.
- Insurance
- Rent or buying expenses
This is the mandatory list of things that have to be considered while starting any restaurant business. There can be many more. These are only for the computation.
Licensing
It’s the part of the standard procedure you follow in any country. Acquiring a license for the type of restaurant you are opening becomes one of the initial steps of your journey in the Dubai.
There are mainly two types of license one need to possess:
- Trade License
- Food license
TRADE LICENSE
A trade license is a very vital component to opening a restaurant. Trade license is sanctioned by the Department of Tourism and Commerce Marketing.
You need to mention the type of restaurant you occupy as it has to be mentioned on the license and wait for the approval. And if you are in a bit of a hurry, then gazing your hands on will also make the process fast. Or, if you are short on cash, then go with the manual method.
By the way! The license cost around AED 40000 to AED 30000. After registration, it takes a few months for approval.
FOOD LICENSE
After the approval of the trade license, a food license needs to be procured. Food license is sanctioned by the Food Safety Department in Dubai. In the food license, you have given a blueprint of everything from the area of storing Food to the ventilation system. A food license is the second most fundamental thing while commencing a restaurant business.
Conclusion
We all can agree that the competition for a restaurant business is at throat level. While the demand for the old ones is high regardless, there is always a vacuum left for remarkable and creative ideas. If you are willing to own a restaurant in Dubai, then here is the time. Never say never the moment is right here, don’t wait until tomorrow.
Nowadays, Food is the most expanding sector in Dubai. The prominent reason behind boosting tourism in Dubai is its world cuisine. As people want to try new things and visit world locations to taste the enriched flavours, after all, that is what makes travelling promising. Since people are indulging in local cuisine better, that’s what makes Dubai the ideal place for investing in commercial properties.
