• Thu. Jul 25th, 2024

Dubai’s Startup Boom: Top 20 Startups Making Waves in the UAE

ByNishat Manzar

May 26, 2024

Introduction:

Dubai, known for its towering skyscrapers, luxurious lifestyle, and dynamic business landscape, has emerged as a hotbed for startups and entrepreneurial ventures. With its strategic location, business-friendly policies, and a diverse pool of talent, Dubai has become a thriving ecosystem for innovation and entrepreneurship.

Here Below The List Of 20 Innovative Ventures Making Waves in the UAE

StartupFoundersYear FoundedIndustry
CareemMudassir Sheikha, Magnus Olsson, Abdulla Elyas2012Transportation
FetchrJoy Ajlouny, Idriss Al Rifai2012Delivery & Logistics
BayzatTalal Bayaa, Brian Habibi2013HR & Insurance Technology
Property FinderMichael Lahyani2007Real Estate
WrappupRami Salman2015Productivity Tools
SouqalmalAmbareen Musa2012Financial Comparison
SellAnyCar.comSaygin Yalcin2013Online Car Selling
El GrocerNader Amiri2015Online Grocery Delivery
AnghamiEddy Maroun, Elie Habib2012Music Streaming
BeamShezan Amiji, Fadi Antaki2018Mobile Payments
KitopiMohamad Ballout, Saman Darkan, Andres Arenas2018Cloud Kitchen
Yalla PickupAlex Mirza, Sheraaz Abdullah2016On-Demand Truck Booking
Denarii CashOmar Farooqui2017Digital Remittance
BridgLaila Hassan, Haider Hassan2017Peer-to-Peer Lending
VerofaxKarim Davis Dib, Tariq Dennison2019Blockchain
  1. Careem:

Founded in 2012 by Mudassir Sheikha, Magnus Olsson, and Abdulla Elyas, Careem revolutionized the transportation industry in the Middle East. It started as a ride-hailing app and expanded its services to include food delivery, payments, and more. In 2019, Uber acquired Careem for $3.1 billion, marking one of the largest tech deals in the region.

  1. Fetchr:

Fetchr, founded in 2012 by Joy Ajlouny and Idriss Al Rifai, is a delivery and logistics startup that uses GPS-based technology to facilitate package delivery. It has gained popularity for its innovative approach to last-mile delivery, especially in regions with ambiguous addresses.

  1. Bayzat:

Bayzat, launched in 2013 by Talal Bayaa and Brian Habibi, is a HR and insurance technology platform that simplifies employee benefits management and insurance purchasing for businesses. It offers a range of services, including HR management, payroll processing, and health insurance comparison.

  1. Property Finder:

Property Finder, founded in 2007 by Michael Lahyani, is the leading real estate platform in the Middle East. It connects buyers, sellers, and renters with properties across the region, offering a comprehensive database of listings, market trends, and property insights.

  1. Wrappup:

Wrappup, founded in 2015 by Rami Salman, is an AI-powered productivity tool that enhances meeting management and note-taking. It uses speech recognition and natural language processing to summarize meeting discussions, highlight action items, and create detailed meeting transcripts.

  1. Souqalmal:

Souqalmal, established in 2012 by Ambareen Musa, is a financial comparison website that helps consumers compare and choose financial products such as insurance, credit cards, and loans. It provides users with personalized recommendations based on their financial needs and preferences.

  1. Fetchr:

Fetchr, founded in 2012 by Joy Ajlouny and Idriss Al Rifai, is a delivery and logistics startup that uses GPS-based technology to facilitate package delivery. It has gained popularity for its innovative approach to last-mile delivery, especially in regions with ambiguous addresses.

  1. Bayzat:

Bayzat, launched in 2013 by Talal Bayaa and Brian Habibi, is a HR and insurance technology platform that simplifies employee benefits management and insurance purchasing for businesses. It offers a range of services, including HR management, payroll processing, and health insurance comparison.

  1. Property Finder:

Property Finder, founded in 2007 by Michael Lahyani, is the leading real estate platform in the Middle East. It connects buyers, sellers, and renters with properties across the region, offering a comprehensive database of listings, market trends, and property insights.

  1. Wrappup:

Wrappup, founded in 2015 by Rami Salman, is an AI-powered productivity tool that enhances meeting management and note-taking. It uses speech recognition and natural language processing to summarize meeting discussions, highlight action items, and create detailed meeting transcripts.

  1. Souqalmal:

Souqalmal, established in 2012 by Ambareen Musa, is a financial comparison website that helps consumers compare and choose financial products such as insurance, credit cards, and loans. It provides users with personalized recommendations based on their financial needs and preferences.

  1. SellAnyCar.com:

SellAnyCar.com, founded in 2013 by Saygin Yalcin, is an online platform that enables users to sell their cars in a hassle-free manner. It offers free car inspections, instant cash payments, and a seamless selling experience, making it a popular choice among car sellers in the region.

  1. El Grocer:

El Grocer, launched in 2015 by Nader Amiri, is an online grocery delivery platform that connects users with nearby grocery stores and delivers their orders within a few hours. It offers a wide range of products, including fresh produce, pantry staples, and household essentials.

  1. Anghami:

Anghami, founded in 2012 by Eddy Maroun and Elie Habib, is the leading music streaming platform in the Middle East. It offers a vast library of Arabic and international music, curated playlists, and personalized recommendations, attracting millions of users across the region.

  1. Beam:

Beam, established in 2018 by Shezan Amiji and Fadi Antaki, is a mobile payments app that enables users to make payments, transfer money, and earn rewards. It leverages blockchain technology to provide secure and transparent transactions, revolutionizing the way people manage their finances.

  1. Kitopi:

Kitopi, founded in 2018 by Mohamad Ballout, Saman Darkan, and Andres Arenas, is a cloud kitchen platform that partners with restaurants to provide delivery-only services. It handles everything from food preparation to delivery logistics, allowing restaurants to expand their reach without investing in additional infrastructure.

  1. Yalla Pickup:

Yalla Pickup, launched in 2016 by Alex Mirza and Sheraaz Abdullah, is an on-demand truck booking platform that connects businesses and individuals with truck owners for moving and delivery services. It offers transparent pricing, real-time tracking, and hassle-free bookings, making it a preferred choice for transporting goods.

  1. Denarii Cash:

Denarii Cash, founded in 2017 by Omar Farooqui, is a digital remittance platform that enables users to send money internationally at competitive rates. It leverages blockchain technology to provide fast, secure, and low-cost money transfers, catering to the needs of expatriates and migrant workers in the region.

  1. Bridg:

Bridg, established in 2017 by Laila Hassan and Haider Hassan, is a peer-to-peer lending platform that connects borrowers with investors for personal and business loans. It offers flexible repayment terms, competitive interest rates, and quick loan approvals, empowering individuals and small businesses to access financing options.

  1. Verofax:

Verofax, founded in 2019 by Karim Davis Dib and Tariq Dennison, is a blockchain-based document verification platform that enables users to securely store and share their credentials and certificates. It eliminates the need for paper-based documents and enhances the authenticity and integrity of digital credentials.

Conclusion:

Dubai’s startup ecosystem continues to thrive, fueled by innovation, investment, and government support. The success stories of these 20 startups demonstrate the potential for growth and disruption in various industries, from transportation and logistics to finance and technology. As Dubai solidifies its position as a global hub for entrepreneurship, these startups are poised to make a significant impact not only in the region but also on the global stage. With continued support and investment, Dubai’s startup scene is set to soar to even greater heights in the years to come.