If you consider boosting your financial portfolio in sports, you may want to take a chance with Dubai. Dubai is a rich soil with diverse opportunities for economic investment and growth. Research reveals that about 15.93 million individuals visit Dubai annually. This is a significant number, and many business enthusiasts have been maximizing the opportunities. Since sports investment is a catchy deal-breaker, what other sectors should you consider in Dubai? Check liontips.com/tips/hockey for accurate predictions if you want to invest in sports.
The Rate of Sport Investment in Dubai
People who visit Dubai to invest in any of the sectors above often desire a common gaming ground. The best possible way to achieve this is through sport. Dubai was not prominent in the sports sector until the Sports Council presented an infrastructure plan in 2021. Dubai is also building its sports infrastructure to foster local and international athletes. This is an excellent move because it will attract more investors and revenue into the country.
Currently, Dubai is experiencing a sharp growth in the sport, thanks to the influence of the top investment sectors above. Deloitte reported that the Dubai sports sector is now worth USD 70 million. This result is alarming, but the unity achieved from sports activities can be compared to none. Some investment sectors that contributed to sport’s growth in Dubai are explained further.
Travel and Tourism
Many people visit Dubai for travel and tourism attractions. Dubai is one of the iconic cities in the United Arab Emirates (UAE). It is characterized by tall buildings, notable and exciting cultures, and several tycoon businesses. The travel and tourism sector is more rapidly growing than ever, and investors note this growth. Dubai has become a home for many investors near and away. The fundamental strategy is to provide comfort and luxury for the people. Hence, it is also a luxurious ground where you can expect a significant return on investment in the future. People who migrate to Dubai have also enjoyed the sight of sports viewing centers.
Hospitality
The hospitality sector is also a prominent ground for investors. Dubai is filled with diverse social ceremonies requesting the need for hospitality. Hence, business enthusiasts have realized a way to fill in the gap. The demand for hospitality is always on the rise, with the rapid creation of hotels and restaurants. Visitors coming into Dubai use these services, which are incomplete without a hospitable gesture. The high rate of hospitality has also promoted the establishment of sports centers and competitions in Dubai.
AgriTech
Dubai has always been a home for agriculture, and it now gets better with the introduction of technology. Agriculture has become more enticing and productive. The Global Food Security Index has also recognized Dubai as one of the significant global contributors to the agricultural space. The country has improved food security by implementing innovations such as aeroponics. This mass production is a great benefit to investors since they can produce in larger quantities.
Conclusion
Sport is an integral part of the economy, and both the government and citizens can maximize the system. Hence, it is not enough to invest in the sports sector alone and boost the growth of its surrounding industries. Some of these sectors’ growth directly affect the feasibility of sports in Dubai. Dubai is mainly known for tourism, but investors are increasing the awareness that sport is also present amidst the fun. It is good that you have learned the critical investment sectors, which will help you diversify your portfolio.
Also published on Medium.
