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FAQ

We are Dubai based market research company that help entrepreneurs, business owners and companies with following services:

  • Market Research Services
  • Market Analysis
  • Competitor Research Analysis
  • Consumer Research Analysis
  • Market & Financial Feasibility Study
  • Business Plan Development
  • Market Entry Strategy (Dubai / UAE / Gulf)
  • Business & Marketing Strategy
  • Financial Forecasting
  • Business Consulting

We specialize in following industries / sectors within Dubai, UAE and Gulf region:

  • Education
  • Healthcare
  • Hospitality & Tourism
  • Manufacturing
  • Retail (Food & Beverage / Clothing / Electronics)
  • Real Estate & Construction
  • Internet / e-Commerce
  • Media
  • Information Technology (IT)
  • Innovation (Mobile Applications Software)
  • Services (Financial & Professional)
  • Sports & Fitness

If you wish to setup or expand your business in Dubai and UAE, you may require market research services to better understand:

  • Identifying growth opportunities
  • Understanding market needs and trends
  • Tracking competition
  • Understanding target audience (consumers / end-users)
  • Focusing on consumer needs & demands
  • Minimizing investment risk
  • Business strategy formation

A research conducted by market research company is accurate, valid and reliable. It can save time and efforts at the same time ensuring that biases are eliminated. At Research Konnection, it is our expertise to conduct market research professionally and at the same time, offer independent and third party insights to your business based on our knowledge of Dubai and UAE market.

Typically, a market research report includes detailed analysis of research problems, aims and objectives identified by the client. The report showcases the findings of the research and providing overview of market and consumer behavior. A market research report is important component in business strategy formulation.

Market Research process takes typically 4-6 weeks to complete. The first week is consumed in preparing the questionnaire and mobilizing the field teams). Depending on the sample size and complexities involved in the data collection, exact timeframe can be specified.

At Research Konnection, we initiate discussions (Phone / Skype / Email / F2F Meetings) to understand your needs. We review the requirements and prepare a detailed cost proposal, mentioning the scope, deliverables, cost and timeline.

Upon agreeing on the proposal and signing the agreement, we begin with setting up the project, developing questionnaire and commencing with the fieldwork. Once the market research report is ready, we share it with the client.

Typically, a market feasibility study includes detailed overview of economic, market, consumer and investments. Our feasibility study consultants studies the economic trends and growth projections, conducts in-depth market research (surveys & interviews with target audience) and compute financial projections to understand the investment required. Tentatively, a market feasibility study is 20-35 pages depending on the complexity of the business and takes 4-6 weeks to complete.

A business plan takes typically 4-6 weeks to complete. In some cases, a business plan can be completed within 4 weeks timeframe as well.

At Research Konnection, we initiate discussions (Phone / Skype / Email / F2F Meetings) to understand your needs. We review the requirements and prepare a detailed cost proposal, mentioning the scope, deliverables, cost and timeline.

Upon agreeing on the proposal and signing the agreement, we begin with setting up the project and commencing with the fieldwork and preparing the market feasibility study. Once the market feasibility study is ready, we share the draft to take inputs and feedback. We revise and make updates if necessary.

A business plan includes detailed overview of business model, market analysis (based on research), business & marketing strategies and financial plan (cost & revenue projections / profitability). Tentatively, a business plan is 20-35 pages depending on the complexity of the business and takes 4 weeks to complete

A business plan takes typically 4 weeks to complete. In some cases, a business plan can be completed within 2 weeks timeframe as well.

At Research Konnection, we initiate discussions (Phone / Skype / Email / F2F Meetings) to understand your needs. We review the requirements and prepare a detailed cost proposal, mentioning the scope, deliverables, cost and timeline. Upon agreeing on the proposal and signing the agreement, we begin with setting up the project and commencing with the fieldwork and development of business plan. Once the business plan is ready, we share the draft to take inputs and feedback. We revise and make updates if necessary.

Business consulting services included discussions on Dubai / UAE / Gulf market potential and how international firms / ventures can expand in the region. We also consult client on market entry and business strategies apart from providing information on legal and licensing framework.

We understand the sensitivities attached with business concept and ideas. We provide full assurance with regards to the confidentiality of the business plan.

The cost of our services in Dubai varies depending on the scope of work, number of consulting hours and nature of fieldwork (i.e. surveys & interviews with target audience).

Tentatively, we charge between 50% upfront and 50% upon completion. However in some cases, where we need to engage in fieldwork, we charge slightly higher.

Our Founder & Director – Waqas Hassan is based in Dubai since 1992. Prior to setting up Research Konnection, Mr. Waqas worked in senior management roles in Dubai as well as supervised Academic Research for Business Graduates in the region.

Mr. Waqas brings heap of experience and knowledge of the Gulf market and is passionate in assisting business owners and companies in setting up or expanding business ventures in Dubai, UAE and the Gulf Region.

Yes, we can provide references of our past customers whom we have supported in Business Plan, Market Research and Feasibility Study services.

Being the second largest economy in the Arab World after Saudi Arabia, UAE has an excellent infrastructure, which have elevated the status of the country among the best emerging country globally. The business environment is very conducive for investment as the country offers some of the most affluent consumers in the world along with business friendly regulations for businesses and individuals.

UAE should be considered for future investment because it has many advantages such as:

  • Strategic location (Connecting East with West)
  • State-of-the-art infrastructure
  • Political stability
  • Economic stability
  • Future growth potential
  • Social stability
  • Friendly business policies and regulations
  • Ease of doing business
  • Open economy
  • Free Zones offering 100% ownership to foreign investors
  • Strong government will to invest in infrastructure and expand economy

The business environment in Dubai and UAE is very conducive for investment as the country offers some of the most affluent consumers in the world along with business friendly regulations for businesses and individuals. Due to strong economic growth projected, Dubai could be considered as the most lucrative destination for future investments.

  • Strategic location (Connecting East with West)
  • International outlook
  • State-of-the-art infrastructure
  • Political stability
  • Economic stability
  • Future growth potential
  • Social stability
  • Friendly business policies and regulations
  • Ease of doing business
  • Open economy
  • Free Zones offering 100% ownership to foreign investors
  • Strong government will to invest in infrastructure and expand economy
  • EXPO 2020 Event

When setting up company in UAE, the investor/business owner needs to choose the city in which to establish the business. Typically, investors/business owners choose from the two kind of business license that UAE government offers.

LICENSE TYPE AUTHORITY OWNERSHIP
Mainland License Dubai Economic Department (DED) 51% UAE National
49% Foreign Investor(s)
i.e. Mainland areas comprises of downtown, urban and sub-urban areas of the city.
Free Zone Free Zone Authorities 100% Foreign Investor(s)
i.e. Free Zones are mostly located on the outskirt of the city

In November 2013, Dubai won the bid to host the world’s largest EXPO 2020 event. The EXPO 2020 will have pavilions under three sub themes; Opportunity, Mobility and Sustainability along with Performance Parks, Children Parks and UAE Pavilion.

EXPO 2020 will have long-term effect on the economic growth of Dubai and UAE. It is considered as the third-largest global event in terms of economic and cultural impact after Olympic Games and FIFA World Cup. EXPO 2020 is expected to attract more than 25 million visitors from October 2020 to April 2021 in Dubai and is likely to attract foreign investment in various industries/sectors of Dubai economy.