myHQ pegs Dubai entry to ₹100 cr Gulf revenue bet

myHQ is betting ₹100 crore of revenue on Indian companies chasing growth in the Gulf, and the commercial real estate marketplace has structured its entire Dubai entry around that capital flow. The company, India’s largest marketplace for commercial real estate, entered the UAE in August this year through a consulting business model aimed at helping Indian and international founders establish businesses there. Its target: ₹100 crore in revenue from the first three years of operations in a market it sizes at ₹1,000 crore.

The economics behind the bet are what make the number credible, at least in the company’s own assessment. Utkarsh Kawatra, Co-founder and CEO of myHQ, framed Dubai as a market larger than the current flex marketplace in India. “UAE and the GCC form a significant and strategic growth market for myHQ’s global plans,” he said, adding that the company expects Dubai to generate ₹100 crore in revenue over the first three years.

That ₹1,000 crore estimate rests on demand from three customer segments: Indian start-ups, SMEs and HNIs expanding into the region. The corporate migration data supports the thesis. Indian companies now form the largest group of new foreign members joining the Dubai Chamber of Commerce. In 2025, more than 18,400 new Indian companies joined the Chamber, an 11% increase over the previous year. Another 7,579 joined in the first half of 2026, lifting the count of active Indian member companies to 85,841 as of June 2026, up 15% in a year. In DMCC, one of Dubai’s largest free zones, Indian businesses constitute the biggest international community, with over 4,080 companies.

Trade policy is reinforcing the commercial pull. Four years into the India-UAE Comprehensive Economic Partnership Agreement, or CEPA, bilateral trade crossed USD 100 billion for the second consecutive year in FY 2025-26. Both governments have set a target of doubling that figure to USD 200 billion by 2032. Dubai’s location, meanwhile, gives companies operating there access to the wider Middle East, Africa, Europe and Asia, an argument myHQ can make to founders weighing where to deploy expansion capital.

To capture this demand, the company is extending its flagship flex office discovery platform with business setup services. The offering covers free-zone, mainland and offshore setup, including jurisdiction selection, licensing, registration, tax structuring, Golden Visa and accounting network partnerships. Depending on client requirements, myHQ will also assist with establishment cards, visas, Emirates ID and corporate banking applications.

The service is packaged into three modules: ‘Start in Dubai’, ‘Expand to Dubai’ and ‘Move to Dubai’. The segmentation maps onto distinct revenue pools. Indian SMEs and established businesses, start-up founders, professionals and families relocating to the GCC each represent a different entry pathway, and myHQ is positioning itself as the intermediary that monetises each of them.

Kawatra laid out the operational footprint the company is building to serve this market. “myHQ’s Dubai operations will cover all seven Emirates, focusing on key business jurisdictions of DMCC, RAKEZ, IFZA, Meydan, DIFC and ADGM, and mainland and offshore structures,” he said. “The aim is to simplify the Dubai market-entry journey for Indian businesses through an integrated approach to business setup and commercial real estate.”

For investors and market watchers, the strategy is straightforward. myHQ is using its established flex office marketplace as the anchor and attaching higher-margin consulting services to it, betting that the wave of Indian corporate formation in Dubai converts into a durable revenue stream. Whether the ₹100 crore target materialises will depend on how much of that 85,841-company base, and the flow of new entrants behind it, chooses a single integrated provider for both setup and real estate.