Today we live in a world where we can complete our most routine, yet often time consuming tasks, be it doing the laundry, booking transportation, scheduling a delivery, or merely ordering food, with the touch of a button.<\/p>\n
And in a market where there is a distinct appreciation for convenience, this is proving to be a lucrative business for the UAE\u2019s young digital entrepreneurs. This insatiable appetite for mobile apps among the country\u2019s tech savvy millennials is fueling the growth of UAE technology start-ups, says Fahad Al Bannai, CEO of the region\u2019s mobility retail giant, axiom telecom \u2013 and this is just the beginning.<\/p>\n
\u201cWhat we are witnessing now is a lifestyle evolution, one in which errands are transforming into services, all with the help of mobile apps,\u201d said Al Bannai. \u201cAnd in the UAE, where app developers are widely available, and entrepreneurship is encouraged, this technology is creating fertile ground for the country\u2019s digital innovators. Many are already reaping the benefits, and many more will follow.\u201d<\/p>\n
According to local app developer, Flagship Projects, the UAE has captured 60% of the Middle East\u2019s smartphone mobile apps business. The cost of app development largely depends on each app\u2019s individual technical and design requirements, however an article on OS X Daily about iPhone Development Costs reported that the development cost range for \u201csmall apps\u201d ranges between USD 3,000 \u2013 USD 8,000, and that \u201cmore complex or recognized brand apps\u201d can cost between USD 50,000 \u2013 USD 150,000. Nevertheless, other resources quote even higher prices.<\/p>\n
Numerous UAE-based tech-startups have already shown early signs of success. According to technology market intelligence provider, CB Insights, the country\u2019s most well-funded tech startups include the car-booking service company, Careem, valued at a remarkable USD 350 million in 2016, delivery service provider, Fetchr!, valued at USD 11 million in 2015, and online restaurant reservations platform, ReserveOut, at USD 4 million in 2016. <\/p>\n
Still, dozens of other innovative UAE-based startup apps are making a strong presence in the market, from on-demand laundry service provider, Washmen, and grocery delivery app, InstaShop, to numerous online food delivery platforms, such as Talabat, Eat Easily, and Food on Click.<\/p>\n
A recent report from Accenture indicated that digital entrepreneurs and tech startups have the potential to contribute significantly to the UAE\u2019s economy. Figures from the consultancy show that digital transformation, or optimizing the use of digital skills and technologies, can add nearly USD 14 billion (AED 51.4 billion) to the country\u2019s GDP.<\/p>\n
\u201cFor today\u2019s busy and career-driven millennials, these apps serve as valuable time-saving tools, enabling users to multi-task and complete errands seamlessly and with minimal effort. I am confident we will continue to see significant developments in how these apps are developed and their functional capabilities. One thing is for certain, however — the race is on to build tomorrow\u2019s most coveted mobile app,\u201d Al Bannai concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today we live in a world where we can complete our most routine, yet often time consuming tasks, be it doing the laundry, booking transportation, scheduling a delivery, or merely ordering food, with the touch of a button. And in a market where there is a distinct appreciation for convenience, this is proving to be […]<\/p>\n","protected":false},"author":10,"featured_media":3188,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":0,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-4631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n