Explore 10 cutting-edge Dubai Metaverse businesses

The Dubai Metaverse is expected to be one of the largest commercial investments in the near term, as it is expected to create numerous opportunities in the Dubai Multiverse.

Everything from buying clothes online to investing and even the possibility of virtual real estate is seen as a future prospect for the multiverse. It is estimated that the Dubai Metaverse will be worth around $4 billion annually by 2030.

Metaverse Dubai: 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 his strategy is based on the implementation of Metaverse by the government, local talent development and innovation.

Here are some interesting businesses found in the Dubai Metaverse.

• Metaverse Dubai Airport Freezone (METADAFZ) – This joint venture aims to develop a fully virtual free zone platform to conduct online meetings by providing an almost real experience. It will also help to discover DAFZ’s interesting products and solutions, thereby advancing the UAE’s technological status.
• Commercial Banking International (CBI) – CBI also debuted in Metaverse, now featuring credit as the only UAE Bank There is a metaverse branch. The virtual location of the bank can be accessed in a virtual world through the portal.
• Burj Khalifa – the tallest building in the world can now be accessed through the virtual world. A company called Eventcombo has created a virtual world experience of the Burj Khalifa that can be accessed without any VR equipment. Anyone can see a building in 360 degrees and even move around it.
• Yas Island – The Yas Island Metaverse experience will allow people to create, socialize, trade and do other fun things using their own Metaverse avatars. Offers fun options like exploring tourist attractions, golfing on top golf courses, buying digital homes, and more. Personalized avatars and bonus points are also other advantages of Yas Islands.
• Fashion – The UAE fashion industry is also undergoing a revolutionary shift to the virtual world, with digital fashion startups forays into virtual fashion streets. A major fashion brand called The Rebels is already considering creating a virtual boutique for its luxury wearable line.
• The Dubai Roads and Transport Authority – RTA will also move into the virtual world, enhancing its technological development by creating a virtual structure that will assist in the analysis and maintenance of the status of different assets within the RTA. This will be done using advanced machine learning as well as external real-time data from Metaverse, which will help predict possible failures of assets.
• Etisalat (e&) – Dubai’s leading telecom provider Etisalat (now known as e&) is launching its ambitious e& universe in a virtual world. The e& universe is hosted on the virtual Arcadia Planitia on Mars. The joint venture will achieve a superior user experience through the partnership with South Korea’s SK Telecom. e& has also partnered with Huawei to create a 3D retail experience through Metaverse.
• Dubai Electricity and Water Authority (DEWA) – Launched by the Dubai Electricity and Water Authority, DEWAVerse is the first of its kind organised by a government. DEWAVerse will be a platform for customer service, Q&A and financial transactions related to DEWA services. They also created a workspace where avatars will be able to walk around and hold meetings within the virtual DEWA building.
• Eye Testing Using Dubai Metaverse – The project, initiated by Dubai-based wellness startup ShopDoc and US company CLEAR, is looking for innovative ways to perform optical testing with Metaverse using advanced computing and optical simulations. The joint venture will initially launch in the UAE and India, before expanding further to the rest of the world.
• UAE Ministry of Economy – The UAE Ministry of Economy is planning to launch its third virtual branch in the Metaverse. The new virtual location will offer various services provided by the Ministry of Economy, as well as an auditorium where conferences and other events can be held.