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The continuous growth of the population of Dubai has led to a rise in demand for excellent and available healthcare services in Dubai.
Dubai also welcomes a huge number of population of immigrants from all over the world due to its quickly growing economy.
With advanced and modern facilities, state-of-the-art hospital complexes, and advanced equipment, Dubai’s healthcare sector is one of the most profitable sectors to invest in.
Dubai has one of the most advanced and modern healthcare systems in the Middle East. In recent years, Dubai has made considerable investments in the healthcare sector, which has led to the emergence of high-quality medical equipment and services.
The government has given priority to healthcare as a main area for investment, and it has become an essential constituent of the country’s general development plan. Here, we explore the main reasons for investment in Dubai’s healthcare sector.
The healthcare system in Dubai
The healthcare system in Dubai has experienced great advancement and development, with state-of-the-art medical facilities and modern technology. The city has made remarkable investments in the healthcare sector and has drawn reputable healthcare personnel from around the globe.
Consequently, the healthcare sector has played an important role in the growth of the country’s economy, with a great number of job opportunities in the sector.
Public and private healthcare sectors
The healthcare system in Dubai is an amalgamation of public and private sectors. The public healthcare sector is mainly handled by the Ministry of Health and Prevention (MOHAP), which is in charge of the development and control of healthcare services across the city.
The MOHAP manages a wide range of primary healthcare centers, hospitals, and specialty clinics, offering healthcare services to all patients.
The private healthcare sector in Dubai is developing quickly and plays a significant role in the growth of the country’s healthcare industry. The private healthcare sector offers a broad range of services, such as specialist clinics, hospitals, and diagnostic centers.
These centers provide exceptional medical care, with modern equipment and very competent medical professionals. Private healthcare centers can also create a lot of job opportunities in this sector for both residents and expatriates.
Health insurance
Health insurance is obligatory for all the people in Dubai. The government has executed an obligatory health insurance policy to make sure that quality healthcare services are accessible to all residents. The policy makes it compulsory for all employers to offer health insurance coverage to their employees and their families.
The insurance policy includes a broad range of medical services, such as hospitalization, outpatient services, diagnostic exams, and prescription medicine.
The main reasons for investment in Dubai’s healthcare sector
Investors can invest in Dubai’s healthcare sector for many different reasons including:
- Infrastructure
- Population
- High return
- Climate
- Medical insurance
- Medical tourism
- Government rules and regulations
1.Infrastructure
Dubai has been one of the best cities regarding infrastructure development across the world. With high-quality roads, infrastructure, and other facilities, Dubai is an appealing destination for patients looking for modern medical facilities and high-quality medical services.
It has a good position to enjoy the advantages of the best infrastructure resulting in enhanced business confidence universally.
2. Population
Currently, healthcare services in Dubai are focused on the young population, where most of the population is young people. But in the next years, this population will grow older and the need for healthcare services will considerably increase and healthcare dynamics will alter.
Taking into account this point, it is profitable to invest in the healthcare sector of Dubai.
3. High return
The modern facilities and world-class services offered by the hospitals in Dubai are attractive to residents outside Dubai too. With suitable travel policies, the Dubai healthcare sector will benefit by offering its healthcare services to foreigners who come to Dubai.
This will be one of the most lucrative ventures in Dubai for the future.
4. Climate
A broad population of expatriates live in Dubai. The weather temperature can be hot for some and result in many health issues. Health issues such as sunburn and dehydration are very frequent in Dubai and increase the need for sufficient healthcare services everywhere.
5. Medical insurance
Based on Dubai’s rules, medical insurance is obligatory for both residents and expatriates and their dependents. Because medical insurance covers medical expenses, people are highly willing to go to medical centers.
6. Medical tourism
The government is significantly supporting and investing in medical tourism via the introduction of initiatives such as the Dubai Portal for Health Tourism website. Via this website, foreigners can go to Dubai for their medical purposes and select from a broad range of specialties and services.
7. Government rules and regulations
Finally, the transparent rules and regulations of the government create a healthy investment atmosphere in Dubai. Medical tourism, obligatory health insurance policies and a powerful infrastructure create a reliable foundation for prospective healthcare investors in the country.
Different kinds of healthcare business in Dubai
In Dubai, the healthcare and medical industry involves different opportunities since foreign investors are eager to initiate different types of medical and healthcare-related businesses. For renowned and rich investors, there are opportunities for establishing hospitals and day-care surgery which is becoming popular in Dubai.
Other investors or professionals can establish their clinics in mainland or free zones in different parts of Dubai. There are many different options for clinics. You can set up a dental clinic in Dubai or a dermatologist clinic based on growth expectations.
Conclusion
The healthcare system in Dubai is a quickly growing industry that provides excellent medical services and state-of-the-art technology. It has been known as a universal leader in healthcare, giving access to wonderful medical care for both residents and expatriates.
