Lahore Real Estate Forum

                                                          
 
Back to Forum |

Business Options in Dubai/Sharjah,

(67496)
Wednesday, September 7, 2011 06:31 PM 

Sorry for off the record Post. I am businessman in Lahore and earn about 5-10 lakh a month here on credit. i m disheart from Situation of business and law n order situation. I want to shift business in UAE, can anybody tell me what will be best option in UAE for doing business to earn 5 lakh a month by investing 50 lakh in start? i have vast experience of import n export. my expertise is importing from China n Thailand. plz give me some suggestions about best business options in UAE. :h :1)

aslam replied on Wednesday, September 7, 2011 07:56 PM 

can you please share with other fellows of this web site, what kind of business you are doing in lahore, too many pakistani living abroad want to come back in pakistan. i am among of them.will be thanks full.

Kashif Riaz replied on Thursday, September 8, 2011 04:21 AM 

Dear P Paki,

Firstly of all I would like to inform you that with the nominal initial working capital of Pak Rs. 5 Mio (AED: 213 K), with dreaming of getting a return of around 10% ( Pak Rs: 500,000/= or AED: 21 K p.m) is unrealistic , no business what so ever can yield that from the day one…..

Secondly If you are making PRS: 500 K p.m. in Pakistan with just Pak Rs: 5 Mio, kindly let me know the business secret, I’ ll land to my loving homeland next week……..

Now come to your query….. the doing business in UAE/Dubai needs quite a handsome intial capital expenses like, Visa fees, rent for the premises, set up of office, sponsor fee, lot of other fees etc , kindly visit the place first and have firsthand knowledge before jumping into any kind of business.

Regards
Kashif Riaz

AG replied on Thursday, September 8, 2011 04:59 AM 

Dear P Pakistani.

1. I suggest that we drop use of the word Paki because it is used in the west to show racial hatred againt Pakistanis.
2. PRs. 5 million is too small amount to start any reasonable, sustainable business in UAE. The probability of loosing your capital is very high. Middle East has shifted from Small & Medium businesses owned by expatriates to Big Malls & Big International Chains of Super/Hyper Markets. World wide recession has also taken its toll in the Middle East & many businesses are closing down everyday.
There are few business failure related suicides as well.
3. I do not, at all, agree with the grim situation of Pakistan painted by International media & some of our Pakistani brothers. Pakistan, InshAllah, overcome all odds & conspiracies ahaint it.
4. You have handsome income & live among your loved ones. Enjoy life & work for the poverty alleviation of fellow Pakistanis.

Regards.

Q replied on Thursday, September 8, 2011 05:11 AM 

You seem to be an intellegent businessman to generate such hi return. this amount is not enough for UAE business and you may not even survive 1 years with this amount and will be left with nothing in hand. Allah is same in UAE and Pakistan. The situation in Pakistan will Inshallah change as it can not go worst than this. May Allah bless us all and our country.

ddd replied on Thursday, September 8, 2011 05:13 AM 

DDOR KAAAA DHOOLLL SUHANNAA,,,
MY DEAR U SHOULD THANKS GOD THAT U R EARNING THIS MUCH IN UR HOME COUNTRY. I AM IN GULF STATE 18 YEARS MY SAL IS NOT UP TO THAT LIMIT EVEN UNTILL NOW...

COULD U WRITE WHAT IS UR INVESTMENT IN BUSINESS,AND KIND OF BUSINESS

DONT THINK ABOUT TO LEAVE UR COUNTRY,,,A DAY WILL COME INSHALLAH WHEN ALL THE THINGS WILL BE OK IN OUR COUNTRY.

ibrahim replied on Thursday, September 8, 2011 09:26 AM 

@P. Paki,

I agreed with the sincere advice of AG Sb and others. With ref. to the subject I would like to say:

1. UAE is not the right option for business at this time of frame reason being all the corporate sectors have moved their business back and shifted to the other GCC specially Saudi Arabia because of their high budget and mega infrastructure projects

2. The return of investment you are mentioning to us is quite impressive and we love to know more about this business as most of the Pakistani people are planning to settle back to their home land.

3. I’m residing in Saudi Arabia and would like to offer my assistance and help to my friends (either from Pakistan / any other country)who are interested to expand their business operations in but not limited to; Trading, IT, Telecom, Oil & Gas (product & services, Industrial Services etc

For any further clarification you may also contact me at:

P.PAKI replied on Thursday, September 8, 2011 11:55 AM 

All my dear friends, I am really thankful to the answer you are giving. Now here r few things to clear:

1) i earn about 20 lakh a month (Allah knows) in Lahore

2) My investmentis about 5 Crore here (if add property it should be 10 crore)i have experience of Importing Chinese products in best way. by the grace of Almighty Allah i think i can do it in best way.

3) i want to start trial investment in UAE, as i found many options in UAE ( i have been there for 10 times atleast).
Like SCRAP sourcing from Europe to UAE can yield 5 lakh per container whlie container cost is 7-20 lakh. i have buyers, searching suppliers from UK and planning to visit next month.

4) Dragon Mart in UAE claims sale at same prices like china, but they are very highly selling like a product in China is 1 rmb=13 rupee, in dubai it is 3-5 dirham atleast. now i know how to buy in china, i have office in China already. so i can track best quality n prices from there.

5) Crystal which is common accessory for fabric n sewing industry gives 20% profit minimum. it is big problem related quality which i can track through my office. my friends earning in Dubai through crystal trading around 10 lakh a month. so i think i can too.

6) 1-10 dirham shop is great idea which i visited in UAE n SAUDI arabia, this can give 50% profit on sales, only this business requires investment of 3-4 lakh AEDs.

why i wrote here? bcoz i want to convert my Pakistani business into realestate property, like for 4 crore i want to buy property in DHA n leave Pakistan with 50 lakh, crystal trading need only 20 lakh to start and u can earn 1-2 lakh a week :) for most of you may be strange but it fact.

i have friend who imports some apparel accesories from China in 10 lakh n sells in 30 lakh in ShaAlmi lahore, so for you guys this may be high return but infact it is not according to my experience.


..............
1 friend said i shouldn't use "PAKI" dear it is part of PAKISTAN, i will feel proud on this, i know i get dishearted from situation but it doesn't mean i dnt love my homeland....................... i can die for it. but problem is my father died 2 years before, im 28 years old, have young bro, so i want to shift them in safer place,

hope u can udnerstand and give more better advice
>