Is restaurant profitable in Dubai?

Dubai is a hotbed of tourists and expats. Dubai Statistics Center (DSC) released data that showed that restaurants produce services worth nearly 20 billion dirhams, making it one of the most lucrative businesses.

How much restaurants cost in Dubai?

How much does a meal cost in Dubai? The main dish in Dubai restaurants usually cost around 40 – 100 AED (10-25 EUR). Sandwiches and burgers cost 35 – 55 AED (9-14 EUR). Appetizers and desserts cost around 20-40 AED (5-10 EUR).

How much does it cost to open a small restaurant in Dubai?

However, the average cost of opening a small, independent, restaurant ranges from AED500,000 to AED1. 25mn depending on the size of the restaurant and lease costs. This is based on restaurant space ranging from 500sqm to 1,200sqm. Capital costs, rent, and working capital comprise 78 percent of total money outflow.

How much does it cost to open a restaurant in Dubai?

break down the costs of opening three types of restaurants in Dubai within profitable budgets. Restaurant investors can expect to spend an average Capex of $500,000 upwards for a full service restaurant, a minimum of $100,000 for a dark kitchen model, and $250,000 onwards for a hole in the wall, focused concept.

Is Dubai cheap to live?

Dubai ranked #23 in Mercer’s 26th annual Cost of Living Survey for 2020, a drop of two places since last year’s ranking. Compared to living in some of the world’s major expat hubs like Hong Kong, London, New York, and Singapore, Dubai costs far less in terms of cost of living.

How can I open a restaurant in UAE?

Restaurant formation in Dubai The first is a trade license. This can be applied for either via the Dubai Department of Economic Development (DED), or via a free zone. Next, you must get your restaurant plans approved by the food control department. Once this stage is completed, you can then apply for your food license.

What is minimum wage in Dubai?

In 2021, the average salary in Dubai is about 21,500 AED (United Arab Emirates Dirham) per month. That’s 5,853.54 USD per month, according to the exchange rates in July 2021….The Minimum Wage in Dubai.

Employee Categories	Minimum Base Salaries (per month)
Skilled Labourers	5,000 AED

What is the average monthly revenue for a new restaurant?

However, if you’re still looking for a benchmark: The average monthly revenue for a new restaurant that’s less than 12 months old is $111,860.70, according to exclusive Toast survey data where 43 new restaurateurs told us their average monthly revenue for the 2019 Restaurant Success Report.

Do multi-location restaurants make more money?

A new location of a multi-location restaurant may have somewhat higher revenue than a brand-new one because the brand is already known and trusted in a community, but this is a good number to work off of as an average — because this benefit could be offset by unexpected bumps in the road.

How do you compare a fast food restaurant to a fine dining?

A fast-food restaurant and a fine dining establishment are such different business models that it’s hard to compare one to another. The best way to roughly calculate what you can expect in revenue is to ask your peers who have similar establishments — the same concept, in the same area, with a similar capacity and menu style.

How long should a table time be for a restaurant?

For a full-service restaurant, average table times can range between 45-90 minutes or longer. You can figure out your rough estimate by thinking about what kind of experience you’re trying to provide. Are your dishes made to order or mostly pre-prepared? Will you serve multiple courses or a prix fixe menu, or have it be more casual and quick?