Why We Have More Startups in Dubai?
In Dubai, the value of the business is naturally high compared to India and other neighboring countries. You are starting a business in UAE, you indirectly invest the funds higher number for a profitable business and success.
The startups in Dubai are a place to see the ventures growing successfully, say it is – Technology, Media & Entertainment, Edu Tech, Service Sector, and so many commercial lines.
Benefits of Startups in Dubai
- It is considered to be one of the biggest hubs for business investors and owners, forming a destination attracting several entrepreneurs from the world.
- The economic development is organically high right after the big economic crisis that happened in 2008.
- The Emirate is one of the most modern cities in the world in which startups can blend perfectly;
- In a world where startup companies need governmental support, Dubai is one of the places they can find this support;
- Dubai is unique for having the largest number of free zones in the world, most of them being suited for modern activities;
- The taxation regime imposed in Dubai favors all companies, but it favors startups most of all;
- The Dubai infrastructure is a boon for all the Startups in Duba.
Check out the Successful Startups In Dubai 2024, Detailed Overview
| Top 15 Startups in Dubai | |
| 1. | Fenix games |
| 2. | Alaan |
| 3. | Tabby |
| 4. | The Giving motion |
| 5. | Huspy |
| 6. | Zenda |
| 7. | Flare network |
| 8. | Matic |
| 9. | YallaMarket |
| 10. | Numi |
| 11. | NymCard |
| 12. | Tarabut Gateway |
| 13. | qlub |
| 14. | Ziina |
| 15. | Colexion |
1. Fenix games
Source: Google
Year Founded: 2022
Founders: Chris Ko, Rudy Koch
Fenix Games is a UAE startup that became based in 2022 and is currently based in Dubai. The enterprise publishes video games on the web with space and goals to use their Wall Street connections to create a better environment for players to earn even by playing amusing video games. They’re also going to build video games within the Net 2.0 environment.
The business has long passed through some investment rounds since being founded, with the company raising a total of $150 Million to assist in making its operations. The last investment spherical took place in November 2022.
2. Alaan
Source: Google
Started :2020
Founders: Karun Kurien, Parthi Duraisamy
Alaan is a UAE startup that was founded in 2020 and is currently primarily based in Dubai. The business operates in the FinTech market and gives corporate playing cards to businesses across the Middle East. Those businesses can then without problems distribute them to employees with pre-coded units of obstacles and uses.
The enterprise has gone through some of funding rounds for the reason that it was founded, with the business enterprise maximum these days elevating a total of $4 Million in a Pre-collection A round in January 2023.
3. Tabby
Source: Google
Year founded: 2019
Founders: Daniil Barkalov, Hosam Arab
Tabby is a UAE startup that turned into based in 2019 and is presently based in Dubai. The agency operates in the FinTech marketplace and permits clients to take longer to pay for their gadgets. They can take four month-to-month interest payments to clean their stability, liberating up their cash for different things.
The enterprise has been via some of investment rounds in view that being founded, with the most current being an excellent boost of $58 Million, which took the valuation of the enterprise over $660 Million.
4. The Giving motion
Source: Google
Founded 2020
Founders: Dominic Nowell-Barnes
The Giving Movement is a UAE startup that was founded in 2020 and is presently based in Dubai. The business is a social organization that sells a selection of garb and accessories to people internationally. They endeavor to make sure that every one of their clothing strains is sustainable and ethically sourced.
The business has been via many funding rounds in view that being founded, with the latest being a chain A round in March 2022 while the startup raised a complete $15 Million to gasoline its expansion.
5. Huspy
Source: Google
Founded: 2020
Founders: Jad Antoun, Khalid Ashmawy
Huspy is a UAE startup that was founded in 2020 and is currently based totally in Dubai. The employer operates inside the FinTech marketplace and makes it less complicated for clients to get fairly priced loans to shop for their homes. They’re supporting thousands of humans to make better loan picks and get at the property ladder.
The corporation has been via some of funding rounds on account that being founded, with the maximum recent being a sequence A round in June 2022 while the agency acquired $37 Million in funding.
6. Zenda
Source: Google
Founded: 2021
Founders: Haseed Ahmed, Raman Thiagarajan
Zenda is a UAE startup that was founded in 2021 and is currently based totally in the town of Dubai. The corporation operates a FinTech platform for households that lets them pay their children’s faculty fees after which get rewarded for doing so, with the potential to spread the bills through the usage of BNPL.
The organization has been through several funding rounds since being based, with the most recent being a Seed funding spherical in April 2022 when the company raised a total of $9.four Million.
7. Flare network
Source: Google
Founded: 2019
Founders: Hugo Phillion, Naïri Usher, Sean Rowan
Flare Network is a UAE startup that changed into based in 2019 and is currently based totally in Dubai. The company operates in the blockchain marketplace and has evolved an EVM Layer 1 blockchain that allows for the sharing of records from the standard net and other chains.
The business has long passed through three rounds of startup investment since being founded, with the most recent being a round in June 2021 in which it raised $eleven.three Million at some stage in the employer’s Seed round.
8. Matic
Source: Google
Founded: 2016
Founders: Mohamed Samad
Matic is a UAE startup that was founded in 2016 and is presently based in Dubai. The organization enables the citizens of the town to get speedy get right of entry to cleaners for their domestic, thru using a sophisticated reserving device. once booked, cleaners can be out quickly and could provide a competitive rate to do the cleansing.
The commercial enterprise has now not lately sought any startup investment, with the remaining boost with the aid of the employer taking area in 2017. all through this investment spherical, the business enterprise raised a total of $3 Million to enhance its operations.
9. YallaMarket
Source: Google
Founded: 2021
Founders: Leonid Dovbenko, Stanislav Seleznev
YallaMarket is a UAE startup that was founded in 2021 and is presently based totally in the metropolis of Dubai. The business enterprise operates within the e-commerce marketplace and lets users visit their platform and get the groceries they want, right to their door within 15 minutes. No more last-minute buying trips due to the fact you forgot something.
The enterprise has gone through some of funding rounds considering that being founded, with the most recent being a Bridging spherical that came about in February 2022 whilst the organization raised $2.2 Million.
10. Numi
Source: Google
Founded: 2021
Founders: Victor Tumasov
Nümi is another top startup from the UAE and operates as a web entertainment atmosphere. The startup employer is based on creating an online gaming platform for UGC (user-generated content material). Creators and fans can proportion studies within the metaverse of modern video games and streaming content material.
The intention is to percentage a playful and creative platform for gamers to be immersed in and love. Nümi has values of putting people first, operating with experts, being open, obvious, and free, and creating a space of equal possibility.
11. NymCard
Source: Google
Year Founded: 2018
Founders: Ayman Chalhoub, Omar Onsi
NymCard is a UAE startup that became based in 2018 and is presently based in Abu Dhabi. The organization operates within the FinTech market and has created a solution that lets companies get the building blocks for their card-issuance projects, which includes digital-first bank playing cards.
The enterprise has gone through several funding rounds considering being based, with the most current being $22.five Million spherical that took place in June 2022. This highlights the perception that investors have inside the organization.
12. Tarabut Gateway
Source: Google
Year founded: 2018
Founders: Abdulla Almoayed
Tarabut Gateway is a UAE startup that was based in 2018 and is currently based totally in Dubai. The employer operates inside the Fintech market and makes use of a diffusion of open-banking APIs to assist banks and FinTechs to safely system the waft of money and facts immediately, bringing economic services into the modern world.
The commercial enterprise has secured an extremely good amount of startup funding considering that being founded, with the full raise by way of the agency status at $25 Million.
13. qlub
Source: Google
Founded: 2021
Founders: Eyad Alkassar, Jianggan Li, Mahmoud Fouz, Oscar Bedoya
Qlub is a UAE startup that was founded in 2021 and is currently primarily based in the town of Dubai. The enterprise operates inside the FinTech marketplace and has created a service, especially for eating places, that permits them to have their visitors view their menu and pay with a single tap of their telephone display screen.
The commercial enterprise has been through many funding rounds because of being based in the UAE
14. Ziina
Source: Google
Founded: 2020
Founders: Andrew Gold, Faisal Toukan, Sarah Toukan
Ziina is a UAE startup that was founded in 2020 and is currently based totally inside the town of Dubai. The enterprise operates inside the FinTech market and has created the USA’s first social P2P fee solution. There also are solutions for enterprises that make it easier to ship and acquire bills.
The enterprise has been through many investment rounds since being based, which has culminated with the agency raising a total of $eight.five Million to enhance its boom and improvement.
15. Colexion
Source: Google
Year Founded: 2021
Founders: Abhay Aggarwal
Colexion is a UAE startup that turned into based in 2021 and is presently based in Dubai. The corporation has created an NFT market that allows customers to find out and purchase distinct digital artwork of stars from more than one exclusive walk of repute. they have additionally created their personal GameFi atmosphere.
