11 Best Ways to Earn Passive Income in Dubai

Share on facebook
Share on twitter
Share on whatsapp

Making a good amount of money without having to participate actively sounds like an opportunity that none of us would decline. In today’s advanced era, there are several options available in UAE to earn a handsome passive income as a side hustle. If you are looking around to being financially independent, then making money with a passive source is the recommended strategy.

passive income

You just cannot deny the power of social media and the monetary incentives it brings to a lot of people in Dubai. if you do have a social media account, you must have come across a lot of documentaries and podcasts telling you ways to make money passively without having to spend scores of money.You too can avail of the opportunity and earn money as a side income but be prepared to invest a lot of effort.

How can I earn passive income?

The agenda behind a passive income is to make money without active participation. You, of course, have to put a lot of effort first as nothing comes easy in these tough recession times. You may be required to invest some money and do some hard work to sell your skill or product to generate a reasonable income. Let’s learn more about ways to make passive income and create a financial net for a safer and more secure future.

Indulge in Real Estate Crowd Funding

One limitation of real estate investment is budget constraints. If you have limited savings and still want to invest in buying a rental property in Dubai, you can consider crowdfunding.

Crowdfunding is generating earnings from a pool of investors. each investor puts in a certain amount of money, and then the crowdfunding firm utilizes the capital generated to purchase real estate properties, lend them on rent and distribute the net earnings among all the investors.

There are a lot of reliable crowdfunding platforms in Dubai. One of the popular companies operating in the UAE is Smart Crowd. It provides a rundown of the properties on its site to help investors find profitable sources. Interested investors can even make small investments such as AED5000 and earn profits when the properties are put out for rent. Read more details here.

Get stake is another noteworthy crowdfunding platform operating in Dubai that allows investors to make investments of as little as AED 500 in prime properties. With more than 60 thousand registered users on board, the platform provides a user-friendly interface to make crowd-funding investments and earn high-profit returns.

Learn more exciting details about real estate investment in Dubai here

Earn Passive Income with Trade Dividend Stocks

One attractive way to generate a cash flow is to invest in dividend stocks. A dividend stock is a money-generating strategy where a company’s revenues are routinely distributed among investors.

Dividend stocks have lesser risks as compared to growth stocks and may help you generate a consistent income as it offers two possible sources of revenue return. One is the regular income earned directly from the dividend stocks and the other is the capital gains from the stock price.

One of the renowned Dividend stocks investment platforms is e-Toro. It lets you invest in assets and link with prospective investors from around the globe. You can discover and explore tons of assets, exchange ideas, and hold discussions on plans and strategies to generate consistent cash flow.

For registrations and queries click here.

Another popular platform for dividend stock investment that you can consider is Sarwa. The user-friendly financial app allows you to trade stocks, deal in cryptocurrencies, and invest your portfolio passively with much ease and convenience. Find out more about the innovative platform here.

Buy a Rental Property

Investing in buying real estate properties is another good way to generate passive income in Dubai. Lending properties on rent for a longer duration can provide a consistent source of generating reasonable cash flow. You would first have to invest in buying a property in a good locality with greater rental returns. If you do not have a significant amount of money to buy an apartment you can pay an upfront cost and pay the rest of the amount in installments. The mortgaged property can then be rented out and you can pay the installments with the monthly rental income.

Investment in real estate can be a long-term profitable strategy to help create financial safety in UAE. On average the total rental income from one property in Dubai ranges from 5 to 7% so if you own an apartment worth a million Dirhams you can conveniently earn a net income of around 50k to 70k a year.

Invest in Index Funds

Index Funds allow the investor to earn profits by making low-cost investments. They offer reasonable gains and help you achieve your financial goals. You can make investments using index funds that typically hold down the stock dividend rather than purchasing individual stocks. Your investment is used as cash for further investment in companies that form the particular index. It offers the opportunity for a more diverse portfolio and is a great side hustle for those who want to make money without getting involved.

Save Money using National Bonds

The National Bonds in UAE let you earn money by making an investment and receiving rewards and benefits in return. It offers competitive profit returns and is a less volatile strategy to earn a passive income. National bonds are safer and more profitable with lesser risks of loss involved. However, consider investing a particular portion of your savings in bonds instead of putting all your cash into buying the bonds. Learn more on national bond savings here.

Peer to Peer Lending

If you are looking for passive income opportunities and want to make profits in short term then consider the peer-to-peer lending strategy. It’s a good alternative to conventional loans where you can borrow money from investors who are ready to invest money given your good financial standing.

Start a YouTube Channel

Setting up a YouTube Channel and publishing exciting, engaging, and entertaining content can help generate a huge amount of money per month. If you manage to get a decent number of subscribers to your YouTube Channel, you may have the potential to earn thousands of dirhams from one single video.

The amount of income you can make from YouTube depends greatly on the niche you work in and the type of content you create for a target audience. Generally, you may earn 6 AED to 20 AED for 1000 views on your video depending on the geographical location of the viewers. For instance, personal finance and digital marketing videos that tell the audience how to make money get a significantly higher pay rate. If you aren’t comfortable coming on the camera to record lectures and tutorials, you can still create some exciting and interesting videos that convey valuable information to the viewers. You may use Canva, Adobe, Lightworks, and similar apps and software to create appealing video content for your YouTube Channel.

After you post a video, you may continue getting revenue as long as the video is being viewed by other users. Keep a check on which video performs the best so that you can create similar content to generate more income. You must have at least 1,000 subscribers on your channel and 4,000 watch hours in one year to be able to monetize your YouTube content.

Create and Sell Courses Online

If you have got a skill that you think you can teach others then you may choose to design a course on the topic to sell online for the sake of earning money. A lot of people who have mastered an art or skill educate others and get compensated in return. You can design and create a course, workshop, tutorial, lecture, or presentation that you may sell on online learning platforms such as Udemy and Coursera. Once you upload a course online, you would need to market and promote it to attract the audience.

Every time someone buys or downloads your content, you will get a fair share of the revenue from the total profits earned by the website. However, creating and recording a course requires a significant amount of time and effort. You just cannot create a course for the sake of making money. You need to put value into it so that the user can benefit from it.

Use quality equipment, tools, and software to record lessons and videos and script your videos to create seamless and professional content. Once you have created a valuable course, it may have the potential to help you earn hundreds of dollars a month. You cannot only sell it on third-party platforms, but may also put it up on your blog, website, or YouTube channel to let your followers download the content for a specific amount of money. To learn more about creating and selling courses online, click here.

Write an e-Book

Another lucrative way to make passive income in Dubai is to write a digital book. You do not essentially have to be an expert in the field to write a book. If you have got impressive creative writing skills and have vast knowledge in a particular niche, you can perhaps write an e-Book to educate others on the topic. You may sell your book on Amazon and if your product gets views and a decent number of downloads, you can create a reasonable passive income stream.

If you do not have the skills to write and create an informative piece of information, you can also hire a freelancer who can help you write content for your e-Book. You may present your ideas and knowledge to the book writer on Upwork or Fiverr, and get the book written professionally for may be as low as 500 dirhams.

Sign for Recurring Commissions Affiliate Schemes

Affiliate marketing can be a profitable source of passive income in Dubai. If you are a licensed blogger or influencer working in UAE, you may sign up for affiliate programs that pay recurring commissions. If you influence your audience to make a purchase on a website using your unique referral link, you may get rewarded with a commission from the business towards which you directed the traffic. While most digital marketers pay one-time commissions to their affiliates, some brands and organizations pay recurring profits to affiliates if they help in converting leads into sales.

As an affiliate, if you promote a product using your platform, and the potential customer makes a purchase, you will get a commission. However, this doesn’t end here. As long as the customer keeps renewing their subscription and paying for the service, you will continue getting the commission. Some recurring commission affiliate schemes pay commissions for a few months and some pay commissions for a lifetime. To know more about affiliate programs with recurring commissions and how you can generate passive income through them, click here.

Create and Sell Digital Content

Today’s era is all about digital content and online resources. Digital products are something the user cannot get their hands on physically. These soft copies of lectures, tutorials, and books can be downloaded for personal and professional use.

Downloadable media such as streamable files, PDFs, design templates, graphics, and animation can be put online for sale to generate a decent passive income. Digital designs and content are lucrative sources of passive income as they have significantly high margins of profit. You just need to create a product once and sell it on multiple online platforms. Every time your digital content gets viewed, downloaded or purchased, you will get royalties.

You do not need to have storage or inventory to sell such stuff. You may create as many digital designs and media files as you want and partner up with Amazon or Canva to sell the merchandise to a broader range of audience. Find out more ways to make money with Amazon and Canva and generate multiple passive income streams.

Final Word

Generating cash flow from investments that require little or no effort is termed passive income. Instead of waiting to receive monetary funds at retirement, you should consider investing in assets that would add to your existing earnings.

Building a recurring passive income in Dubai is feasible and easily realizable. However, it does require putting in the effort, hard work, capital, and sufficient knowledge to yield a reasonable income stream.