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2020-01-15
Startups

10 Dubai companies worth watching in 2020

Tuna Pinar

10 Dubai companies worth watching in 2020 - Image

Dubai is the heart of the United Arab Emirates with its increasingly prosperous market of global companies and promising startups. Many can boast about their international success and noteworthy products. This market is very interesting and that's a good reason to take a closer look at it.

Fast-developing Dubai enterprise market

The topic of startups, especially those with technology-based products, is very close to me. Recently, I came across an interesting report that presented the sum of investments in startups that operate in Dubai. Interestingly, the amount increases every year. For example, 2017 recorded 84 equity deals for UAE-based tech startups. The next year it reached 110. It appears that the local market creates splendid conditions for development.

I took a closer look at the companies and startups from Dubai that are worth our attention in 2020. I selected 10 that stand out in terms of product offer, growth progression or financing. They undoubtedly deserve the recognition.

Fronented Report for 2020

Uqudo

Location: Dubai

Specialization: Identity and Access Management, Blockchain

Founded: 2018

About Uqodo: The platform was developed to address the past limitations in the Identity and Access Management space. It is a digital transformation company with a unique set of products and services that enable the organization to achieve a seamless and fully digital transformation. This is possible thanks to their thorough understanding of the Identity and Access Management area.

Uqudo solves the identity dilemma by providing a platform that validates online digital transactions both of national, cross-border, cross-enterprise nature and those driven/managed/instigated by the end user.

Property Finder

Location: Dubai

Specialization: Advertising, Real Estate

Founded: 2007

About Property Finder: it is the UAE's leading real estate and rental marketplace dedicated to connecting consumers with their perfect property. Launched in 2007, the propertyfinder.ae domain is owned and operated by The Property Finder Group, which also owns and operates other real estate portals across the Gulf and the Middle East. Their advertisers are property professionals, such as estate agents, letting (rental) agents and new homes developers. They have the probably most popular property mobile app in the region.

Postpay

Location: Dubai

Specialization: Fintech, BNPL

Founded: 2019

About Postpay: the aim of the company is to transform the existing retail status-quo by offering straightforward and accessible financial products to the customers. They offer one very simple product which allows the customer to split their online payments into four equal parts, seamlessly, without leaving their online basket. The first instalment is processed immediately, and the customer receives their products as usual. The three remaining instalments are due fortnightly (every two weeks) thereafter. Most importantly, the customer pays no interests and additional fees as long as all payments are made on time.

Careem

Location: Dubai

Specialization: Transportation

Founded: 2012

About Careem: it is the leading technology platform for the greater part of the Middle East. A pioneer of the region’s ride-hailing economy, Careem is expanding its services across the platform to include online payments, delivery and mass transportation. Careem’s mission is to simplify and improve the lives of people and build a lasting organization that inspires. Established in July 2012, Careem operates in more than 120 cities across 15 countries and has created over one million job opportunities in the region.

Fetchr

Location: Dubai

Specialization: Transportation

Founded: 2012

About Fetchr: Fetchr helps local merchants and global brands build, launch and grow profitable e-commerce businesses across the Middle East. Their easy-to-use app and logistics platform allows for seamless delivery, eliminating the common nuisance of annoying phone calls and forwarders asking for directions. With their patented technology, they can locate and deliver a more reliable service.

Dubai software development

STARZPLAY

Location: Dubai

Specialization: Entertainment

Founded: 2014

About STARZPLAY: this company allows you to watch your content anytime, anywhere on an iOS or Android device. It also supports Mac and Windows browsers, and streams via Apple TV, Chromecast, a PS4 console or directly to Samsung and LG smart TVs. The service is available on regional IPTV services and is continually adding support for numerous other gaming and smart devices. It also enables downloads for offline playback.

Souq

Location: Dubai

Specialization: E-commerce

Founded: 2005

About Souq: It is the largest e-commerce site in the Arab world. Every month, Souq.com attracts more than 41 million visits to its catalog of more than 8.5 million unique products in 35 different categories, including, books, automotive, consumer electronics, household goods, fashion, watches, perfumes, toys, and baby products. Established in 2005, Souq.com today operates both as an award-winning retail business and an online marketplace that allows SMEs, merchants, brands and distributors to distribute their products online.

Holidayme

Location: Dubai

Specialization: Travel

Founded: 2013

About Holidayme: this online travel portal, under the registered trademark of Traveazy DMCC, has its offices in the UAE, India and KSA. Created to be an easy-to-use platform that would enable travelers to plan & book a holiday experience completely online, HolidayMe’s innovative approach gave rise to the first of its kind holiday planning & booking engine that allows the users to customize, plan and book their entire holiday, online.

Altibbi

Location: Dubai

Specialization: Health Care

Founded: 2008

About Altibbi: It is the no.1 Digital Health Platform in the Arab World. The company provides the tools to access health advice via its website and apps available 24/7. Altibbi connects millions of users with licensed and certified doctors in real-time, anywhere, at any time. Altibbi customers can subscribe for an unlimited number of live consultations with doctors via their “Call Doctor” service on Android and iPhone at a monthly fee.

Service market

Location: Dubai

Specialization: International movers, home cleaning

Founded: 2013

About Service market: it is probably one of Dubai's fastest-growing startups. It is the largest portal in the UAE that connects residents with professional and licensed moving, insurance and home service companies. Customers can discover service providers, read verified reviews, book or request quotes for any service they need around the house. To this moment, they are offering over 35 different home services. They also have an Android and iOS app that allows their customers to directly book services on their phones whenever it is convenient.

What is the future?

As you can see, the list is impressive. Some of these companies are already well-recognized brands, while others are just entering the phase of dynamic growth. Truth be told, I have no doubt that the market in Dubai will regularly grow in strength; it is especially the case for tech startups, which are boldly moving towards becoming unicorns. Fingers crossed!

Read more:

- What is the popularity of the Ruby programming language?

- These can kill tech startups. Why is software development so crucial?

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