The 5 Most Profitable Sectors in Dubai in 2023
Dubai has long been known as a global business hub, attracting investors and entrepreneurs from all over the world. In 2023, the city continues to thrive, offering numerous opportunities across various sectors. If you’re considering investing or starting a business in Dubai, it’s essential to understand the current landscape. In this blog, we’ll explore the five most profitable sectors in Dubai in 2023, providing valuable insights to help you make informed decisions.
Real Estate
Dubai’s real estate sector has been a cornerstone of its economic growth for many years, and 2023 is no different. Despite market fluctuations, Dubai continues to be an attractive destination for real estate investment. Several factors contribute to the sector’s profitability:
a. Expo 2020: The successful hosting of Expo 2020 Dubai has created a significant boost in the real estate market. Infrastructure development, increased tourism, and business opportunities have fueled demand for both commercial and residential properties.
b. Economic Diversification: Dubai’s commitment to diversifying its economy away from oil has led to increased foreign investment. This, in turn, has driven demand for commercial properties, especially in free zones where businesses enjoy tax incentives and 100% foreign ownership.
c. Stable Rental Income: The emirate offers a stable rental income environment, making it attractive for real estate investors seeking long-term returns.
Healthcare
Dubai’s healthcare sector has witnessed remarkable growth, with a focus on world-class facilities, medical tourism, and cutting-edge technologies. Several factors contribute to the profitability of the healthcare sector in 2023:
a. Medical Tourism: Dubai has become a sought-after destination for medical tourism, with state-of-the-art hospitals and clinics attracting patients from around the world. The city’s strategic location and world-renowned healthcare providers make it a lucrative investment option.
b. Expanding Healthcare Infrastructure: The government’s investments in expanding healthcare infrastructure ensure that the sector remains robust. Opportunities abound for private investors in hospitals, clinics, and pharmaceuticals.
c. HealthTech Innovation: Dubai is embracing health technology innovations, such as telemedicine and AI-powered healthcare solutions. Startups and established tech companies are finding fertile ground for growth in this sector.
Consultancy
Consultancy services are in high demand in Dubai as businesses seek expert guidance to navigate the ever-evolving market. The consultancy sector offers several profitable opportunities:
a. Business Setup Services: Dubai’s status as a business-friendly destination has led to a surge in the demand for business setup and advisory services. Companies require assistance in navigating regulatory procedures and understanding local market dynamics.
b. Financial Advisory: With the financial services sector growing steadily, there’s a need for financial consultants to help businesses with investment decisions, risk management, and financial planning.
c. Digital Transformation: As businesses digitize their operations, there’s a demand for IT and digital transformation consultancy. Companies are looking to streamline processes and enhance efficiency through technology adoption.
Technology
Dubai’s commitment to becoming a smart city has created a fertile ground for technology-driven businesses. The technology sector in Dubai presents numerous opportunities:
a. Smart City Initiatives: Dubai’s government is investing heavily in smart city projects, including IoT, blockchain, and AI applications. Tech startups specializing in these areas can thrive in this ecosystem.
b. Fintech Growth: The financial technology sector is booming, with a surge in digital payment solutions, mobile banking, and blockchain-based innovations.
c. Cybersecurity: With the increasing reliance on digital technologies, there’s a growing need for robust cybersecurity solutions. Companies specializing in cybersecurity services are witnessing strong demand.
Tourism
Dubai’s tourism sector has always been a key contributor to its economy, and 2023 is no exception. Several factors contribute to its continued profitability:
a. World-Class Attractions: Dubai’s iconic landmarks, luxurious resorts, and entertainment options continue to attract tourists from around the world.
b. Events and Expos: The city hosts various events and expos throughout the year, drawing visitors and business opportunities. The aftermath of Expo 2020 continues to benefit the tourism industry.
c. Cultural and Heritage Tourism: Dubai’s focus on promoting its cultural heritage and history has led to an increase in cultural tourism. The city’s museums, historic districts, and cultural festivals provide a unique tourist experience.
Conclusion
Dubai in 2023 offers a plethora of profitable opportunities across various sectors, making it an attractive destination for investors and entrepreneurs. Whether you’re interested in real estate, healthcare, consultancy, technology, or tourism, Dubai’s dynamic economy has something to offer.
To get through 2023 on top in Dubai, consider partnering with Private Wolf, a leading consultancy firm specializing in investment advisory and business setup services. With their expertise and guidance, you can navigate the thriving business landscape of Dubai and make informed decisions that will lead to success in the emirate’s most profitable sectors.
M.Hussnain
Private Wolf
facebook
Instagram
Twitter
Linkedin
0 notes
What is your opinion of AI? Personally, I think that like any technology, it depends on the user and their intentions, but that is just me.
What about you?
1. Theft
The most central issues with AI as it is now is that the programs were trained/are trained with STOLEN art. Stolen visual art, music, writing, etc.
The vast majority of what it has been fed is stolen. As in, the artists behind the work were not ever given the chance to consent nor be compensated for their works being used to feed the machine.
This reason alone is straight up copyright infringement and the optimist in me does believe the long arm of the law is gonna shut these programs down for that. But the long arm of the law is looooooong, and the technology is disrupting people’s livelihoods now. Unlike robots or machinery that was invented and built to expedite assembly line/factory work, this technology is only functional by using other people’s labor. If we didn’t live in a society where you have to “earn” your right to live in it, then this would still be wrong, but it probably wouldn’t be such an existential problem.
There are active class action lawsuits for infringement of copyright. And the private sector has begun filing suits and I’m quite certain they’ll win because again—it’s simply theft. These companies did not make licensing contracts, they’re not paying royalties to the artists they stole from.
So if you consider using ai that generates “art” (whether it is visual, music, writing, etc.) please consider stopping immediately, as you would actively be benefiting from theft (which is wrong imo!!!!)
2. AI in its present form dishonors the human spirit
In my personal relationship with AI technology, I do not use it to generate ideas or ‘art’. I detest the notion to use technology in that way tbh. AI is a form of technology, so it’s difficult to break it down into every specific use it actually has. But here’s an attempt; no to generative AI, okay to certain AI.
There are kinds of AI programming in the programs I use (such as features that help you color in a shape quickly or make a perfect circle). This is useful tech (that requires zero IP theft) and I like it because it helps me by taking care of tedious tasks so that I have more time to spend in the creative and drawing processes. But I still choose the colors, I still draw the images, I still write the stories.
I think the way AI is used right now with a focus on “creative thinking” (where it’s not actually creating anything it’s just churning out other people’s *stolen* ideas and practice) is a total waste. AI being used as an assistant to help humans find information easily can be/has been swell. And requires no theft :D
But for whatever reason (greed, capitalism are my guesses), tech companies are leaning into a direction to replace creativity with AI?? I imagine the people behind this view the practice of art as tedious work because it is challenging??
But the beauty of art and the practice of it is that it allows humans to experience and overcome challenges with little to no stakes.
When society determines that is not a valuable use of human time, then I think we’ll all be significantly more miserable. If we allow a machine to be “creative” and leave us to only experience challenges with stakes—like survival (rent, putting food on the table).
So here are some examples of how I feel about AI uses;
AI to translate languages, find resources, discern malicious malware/spam from harmless messages > 👍🏽
AI to generate ideas/art for you > 🤢 Why??????? Why would you want that…that’s the most exceptional part of the human experience and you relinquish it to a bot trained on stolen ideas? 😭
1K notes
·
View notes
the full carcar (carloscar) timeline
(or, a carlos sainz and oscar piastri primer)
Oscar Jack Piastri
He was born on April 6th, 2001, in a suburb of Melbourne close to Albert Park. He is the eldest sibling and has 3 younger sisters. His grandfathers were mechanics and his father co-founded HP Tuners, a tool used for tuning and modifying the performance of vehicles with electronic control units. His mom, Nicole Piastri (née Mcfadyen) is a naturopath who specializes in botanical medicine and natural birthing practices. The entire family is pretty private, but the family was well-off enough so that they could support Oscar’s motorsports career.
Left to Right: Hattie, Mae, Nicole, and Edie (3 of Oscar's sisters with his mom) (Photo by Kym Illman)
Unlike Carlos and a ton of other drivers where they started off pursuing a career in motorsports by karting, he started in remote-control racing. He started karting in 2011 at age 10, but it wasn't until three years later that he began taking the sport more seriously. His career then progressed rapidly; in 2016, he made his debut in single-seater racing. He moved to the United Kingdom to further his racing career in 2016, finishing sixth in the 2016 CIK-FIA World Junior Championship in Bahrain. The following year, he was the British Formula 4 vice champion, with his dad’s company HP Tuners sponsoring him.
In 2018, he participates in Formula Renault Eurocup and places 8th, spends one more year there, and places 1st. Through 2019-2021, he’s on a winning streak: he wins F3 and F2, and is Alpine’s reserve driver for the 2022 season.
British F4 Vice Champion (Photo by Jakob Ebrey) | F3 Champion (Photo by Joe Portlock)
In 2018, he participates in Formula Renault Eurocup and places 8th, spends one more year there, and places 1st. Through 2019-2021, he’s on a winning streak: he wins F3 and F2, and is Alpine’s reserve driver for the 2022 season. He is also available as a reserve driver for McLaren, and he participates in some test sessions throughout the 2022 season: he drives at COTA, Losail, and Silverstone.
In 2022, we also get the infamous tweet: Oscar saying that he will not be driving with Alpine for the next year. When Sebastian Vettel retires, he opens up a seat at Aston Martin, and reports emerge that Oscar is supposed to join Williams in 2023, and Alpine will keep Alonso and Ocon. Alpine then tweets Oscar will take Alonso’s place, and then Oscar rejects the claim. His contract announcement with McLaren comes out in September, saying he had signed with them July 2022, and the rest is history.
Carlos Sainz Vázquez de Castro Cenamor Rincón Rebollo Virto Moreno de Aranda Don Per Urrielagoiria Pérez del Pulgar
He was born September 1st, 1994, in Madrid. He is the middle child to two other sisters, Ana and Blanca, and is son to Carlos Sainz Sr, a World Rally champion. His grandfather, Antonio Sainz, was in charge of the Bolivian honorary consul in Madrid, helping with generous financial contributions. Right before Carlos Jr. was born, his grandfather got into a serious scandal when he was found shooting and killing a man after he stole a bag from his wife. He was not charged but did turn himself in to the police. Carlos Sainz Sr’s sister buys a car for him at 11, and he becomes obsessed with racing, but wants to try to be the best at everything, and is a squash champion at 17. Antonio forces him to study law, and he gets through 2 terms, before debuting in rallies. He wins 2 world rally championships and becomes vice champion 4 times. His family is extremely rich, as compound surnames like “Vázquez de Castro” in Spain belong to nobility or at least, the upper class. Blanca, the eldest daughter, received a degree in Business Administration and even studied at Northeastern. Ana, the youngest daughter, also received a degree in Business Administration and Management but works within the real estate sector. They are all very close to Spanish royalty and nobility.
Photo from Twitter
Carlos begins his career in karting in 2006. (Mind you, Oscar is 5 in 2006...) After competing in smaller series, he wins the Asia-Pacific KF3 title in 2008 and finishes runner-up in the Spanish Championship. In 2009, he secures the Junior Monaco Kart Cup and comes 2nd place in the European KF3 Championship. Carlos becomes a part of the Red Bull Junior Team in 2010. He makes the switch from carts to open-wheel cars in 2010, and although he competes in a variety of series, his most notable finish from 2010 and 2011 is 1st in Formula Renault 2.0. 2012-2014, he competed in F3, GP3, and Formula Renault 3.5. Before GP2 became F2, he never actually competed in it, skipping the series. He races in an F1 car for the first time in Silverstone in 2013, and at 20, he signs to race with Toro Rosso for the 2015 season.
“Spanish youngster Carlos Sainz, whose father and namesake was a double world rally champion in the 1990s, will race in Formula One next season with Toro Rosso in the youngest line-up on the starting grid.” - Article by Eurosport
For a lot of his career, Carlos was always compared to his dad, living in his shadow. From the beginning of 2015 to the middle of 2017, Carlos races for Toro Rosso. He gets a new teammate in 2016, partnering with Daniil Kvyat after Max is promoted to the Red Bull senior team and Daniil is demoted. His results in the F1 world championship went from 15th to 12th to 9th.
In 2017, he leaves Toro Rosso for Renault. Helmut Marko spoke about his decision, saying “"It was his bad luck to get Max as a teammate. The atmosphere between the two [Sainz and Verstappen] at Toro Rosso was quite toxic.” He referred to both of their parents as being toxic and creating that toxic atmosphere, making their children hard to compete with each other.
“Sainz was a strong performer at Toro Rosso alongside Max Verstappen in their rookie 2015 season, matching him in qualifying.
But his reputation never took off, and while he was always a promising young driver, clearly capable of some excellent performances, few seemed to believe Sainz was a prodigious talent.
When Verstappen got promoted to Red Bull’s senior team a few races into 2016, Sainz was left at Toro Rosso. Though not in the same spotlight as Verstappen, he comprehensively outperformed the demoted Daniil Kvyat over the next 18 months.
However, it had become clear to Sainz he lacked a path to the front with Red Bull.
He always denied that Verstappen refused to be his team-mate again, but if it was not the young Dutchman’s preference it was almost certainly Red Bull’s, as the team did not want to pair Verstappen with Sainz.” - Article by The Race
He spends 1.5 years at Renault, then signs with McLaren. He was on loan from Renault to Red Bull, and he was unable to resign with them due to not being free from his contract early enough. Renault also conveniently decides to replace him with Daniel Ricciardo, who ultimately joins Renault in 2019, and Carlos goes on record saying he left Renault without any bad feelings. Ultimately he decides his Plan B is McLaren (as Alonso decides to retire at the end of 2018), and he signs with them, a “multi-year” contract.
He takes his first podium with McLaren at the 2019 Brazilian Grand Prix, finishes in 3rd place, and in 2020, he takes his second podium at Monza, finishing in 2nd place. He also takes 1 fastest lap at the 2020 Styrian Grand Prix. Ultimately, he had very successful seasons with McLaren, finishing 6th in the WDC back-to-back, and he is offered a 2 year contract by Ferrari to replace Sebastian Vettel for the upcoming 2021 season. Daniel Ricciardo, funny enough, replaces him at McLaren (they are swapping seats lol).
Photo from SkySports
From 2021-2024, he remains with Ferrari, scores 3 wins, a number of podiums, and stays close behind his teammate, Charles Leclerc. And now, we are here, the start of The Carcar Timeline.
The Carcar Timeline
Australia 2015 - A String of Invisible Fate
"Piastri shares another memory from the Australian GP
Oscar Piastri has another memory from the Australian GP. Back in 2015, the Aussie was one of the grid kids for the event. Grid-kids were children who used to hold the flags of each driver’s nationality.
Piastri was assigned Red Bull’s Daniil Kvyat. Unfortunately for young Oscar, he was unable to meet the Russian driver as Kvyat was unable to start after a transmission failure." - Article by The Sports Rush
He was standing not far from Carlos!!! THE FIRST CARCAR CRUMBS! Thank you @a-amvryllis for posting these photos!
Spa 2023 - The Story Begins with a DNF
Lewis Hamilton starts 3rd, Carlos Sainz starts 4th, and Oscar Piastri starts 5th
Lewis is fighting with Carlos going into turn 1, on the outside of Carlos
Carlos has a slight lock-up going into turn 1, and to avoid contact with Lewis, he has to turn inward
Oscar ultimately has to take the inside line to Carlos going into turn 1, and is squeezed into the wall by Carlos
They both DNF due to damage from the incident, deemed a “racing incident” by the FIA
In an interview, Oscar tells the media: “I had a pretty good launch, I was getting alongside Carlos and then he kind of jinked to the inside a bit and I obviously had to get out of the brakes to not get hit. My nose was kind of there and at that point, it was too late to try and back out, so unfortunately I ended up in contact. A shame to end so early."
Carlos, on the other hand, tells the media: “I was on the attack with Lewis into Turn 1 and I think I pretty much had the move done and then I received a bit of contact on my rear-right,” reckoned Sainz afterwards. “If you want my honest opinion, I think it was a bit of a mistake by Oscar trying to go through side-by-side into [Turn] 1. If you look at the last seven, eight years, everyone who has tried that move, it’s never really worked and has generated a bit of a crash when you look at the past races. So yeah, I don’t know if it was a bit of a lack of experience, a bit optimistic, but again a racing incident that cost us a race."
The Infamous Tweet that got Carlos slightly cancelled because he blamed Oscar 😭
Zandvoort 2023 - Big Yikes in Qualifying
During Q1, Carlos was exiting the pit lane behind Valtteri Bottas, and was unaware of Oscar's presence
Oscar was on a slow lap
As Carlos pulled across to take the natural racing line into turns 2 and 3, Oscar was forced off track and had to brake suddenly to avoid contact with Carlos
Carlos is ultimately given a 5000 Euro reprimand, as Ferrari did not warn Carlos about his proximity to Oscar until they were alongside each other
Monza 2023 - Free Practice 3 Inchident
At turn 1, Carlos and Oscar go side-by-side, and Carlos forces Oscar to go wide to avoid a collision
Carlos is shown the black-and-white flag for the incident
The commentators go on to say "it's always these two, isn't it?" (and it's true because sometimes you just beef with your younger enemy)
Yuki is also upset with Carlos too due to some congestion on track, and him getting in the way 😭
Abu Dhabi 2023 - More Free Practice Inchidents
Oscar is approaching a turn when Carlos is in the racing line on a slow lap
Oscar believed that Carlos had impeded him on his lap, accusing him of "dangerous driving"
Ultimately, nothing comes of the incident, except for the fact that we get our signature "Classic Carlos" moment
During qualifying, Carlos also is criticized by Daniel Ricciardo, saying he's "always the culprit" with impeding (thank you @scrappyracers for sending this)
Saudi Arabia 2024 - Minor Complaining
During FP2, Oscar is told that "Sainz is pushing" and slows down to the left side of the track, to let him pass
But then, Carlos doesn't think that this is sufficient, throws his right hand up and gestures at Oscar as he passes him like "what tf are u doing" and says the following radio message
The onboards can be found here, thank you @eightyonefour for posting!
Miami 2024 - When Carcar Went Mainstream
Through the middle of the race, around lap 34, Carlos attempted an overtake on Oscar
Oscar pushes Carlos wide to defend his position
Carlos then states that Oscar should give the position back for pushing him off the track
No penalties were given here, as Oscar was overtaking on the inside and his front tyres were ahead–therefore, this was a legal move
On lap 35, Carlos attempts another overtake on Oscar, and has a slight-lock-up
There is contact! The cars touch, but Carlos makes it past
Oscar tries to retake the position, but has a major lock-up, and has significant front-wing damage. He ends up replacing his front wing, falling from P4 to P13
Carlos is given a penalty after the race for causing the collision due to "losing control of his car" and he drops from P4 to P5
(it's worth noting Oscar literally has no radios of him even acknowledging this fight with Carlos, he just talks about the vibrations of the rear wing)
Monaco 2024 - The Soulbond is Acknowledged
We got this very funny moment of Oscar trying to offer Carlos the microphone but getting ignored
While Charles was on pole, Oscar was in 2nd and Carlos was in 3rd, and on the first lap, Oscar didn't get away as well as Carlos did so Carlos caught up to Oscar
They went side by side at the first corner and Carlos rubbed against Oscar's floor, leaving him with a front-left puncture
After the red flag, all the grid positions were restored, so they ended up racing each other all the way until the end of the race
At the press conference, Carlos was lying down first and then Oscar decided to come join him
Then, when starting the press conference, Carlos tried to offer his phone to Oscar (boyfriend behavior)
In the interview, Carlos goes on record saying:
"for some reason oscar and i, we seem to have a magnet recently between each other, for some reason that i don't understand because we get on well and everything is okay but we always seem to find each other on track" from here
They acknowledged the soul-bond
The Crusty White Dog
They both own crusty white dogs. Do you guys think they share it
Instagram Saga
Carlos does not follow Oscar on Instagram.
Oscar follows Carlos on Instagram.
Oscar has never once liked any of Carlos' posts (I can confirm. I have scrolled through the thousands of posts he has.)
this is the current timeline, let me know if i've missed anything! and i hope you enjoyed my little brief intros about the drivers too!
847 notes
·
View notes