10 cutting-edge Dubai Metaverse businesses worth exploring

Dubai Multiverse is expected to be one of the largest commercial investments in the near future as the Dubai Multiverse is expected to create a wealth of opportunities.

The possibility of everything from buying clothes online to investing and even virtual real estate is seen as a future prospect in the multiverse. It is estimated that by 2030, the annual output value of Dubai Hyper Universe will reach about 4 billion US dollars.

Dubai Metaverse: Everything you need to know about Sheikh Hamdan’s strategy

The Dubai Metaverse initiative is led by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and its strategy is built on three main pillars of government implementation of Metaverse, local talent development and innovation.

Here are some interesting businesses in the Dubai metaverse.

• Metaverse Dubai Airport Free Zone (METADAFZ) – This project aims to develop a fully virtual free zone platform for online meetings by providing a near-real experience. It will also help in the discovery of interesting products and solutions from DAFZ, which in turn will advance the technological status of the emirate.
• Commercial Bank International (CBI) – CBI also debuted in the Metaverse, now featuring credit as the only Bank of the United Arab Emirates Has a metaverse branch. The bank’s virtual location can be accessed in the virtual world through a portal.
• Burj Khalifa – The tallest building in the world is now available for virtual visits via Metaverse. A company called Eventcombo has created a virtual world experience of the Burj Khalifa that can be accessed without the help of any VR equipment. Anyone can see the building in 360 degrees and even walk around.
• Yas Island – The Yas Island metaverse experience will allow people to create, socialize, trade, and do other fun things with their own Metaverse avatar. Offers fun options like exploring tourist attractions, golfing at top golf courses, buying a digital home, and more. Personalized avatars and bonus points are other Yas Islands perks.
• FASHION – The UAE fashion industry is also undergoing a revolutionary shift to the metaverse as digital fashion startups venture into the virtual fashion streets. A major fashion brand called The Rebels is already considering creating a virtual fashion store for its luxury wearable line.
• Dubai Roads and Transport Authority – RTA will also venture into the metaverse, thereby enhancing its technological development by creating a virtual structure that will help analyze and maintain the status of different assets within RTA. This will be done using advanced machine learning as well as external real-time data originating from the Metaverse, which will help predict possible failures of assets.
• Etisalat (e&) – Etisalat (now e&), Dubai’s leading telecommunications provider, is launching its ambitious e& universe in the metaverse. e&Universe is hosted in the virtual Arcadia Planitia on Mars. By partnering with South Korea’s SK Telecom, the company will elevate user experience to an extraordinary level. e& is also working with Huawei to create a 3D retail experience through Metaverse.
• Dubai Electricity and Water Authority (DEWA) – DEWAVerse was launched by DEWA, ​​the first of its kind by a government organization. DEWAverse will be a platform for customer service, Q&A, and financial transactions related to DEWA services. They also created a workspace where avatars can move around and hold meetings within the virtual DEWA building.
• Eye Testing Using Dubai Metaverse – The project, co-led by Dubai-based wellness startup ShopDoc and US-based company CLEAR, is finding innovative ways to conduct optical testing through the Metaverse using advanced computing and optical simulation. The joint venture will initially launch in the UAE and India before further expanding to other parts of the world.
• UAE Ministry of Economy – The UAE Ministry of Economy plans to launch its third virtual branch in the Metaverse. The new virtual location will house various services offered by the Ministry of Economy, as well as an auditorium where meetings and other events can be held.