The business movement report issued by the commercial registration and licensing sector in the Dubai Economic Department showed that the total number of new licenses issued during the first ten months of 2020 reached 32,158 licenses, an increase of 6% compared to the same period last year. During the first ten months of this year, the new licenses were distributed among several activities, foremost among which were professional activities, at a rate of 57%, followed by commercial activities, at a rate of 42%, then tourism and industry.
The figures – recorded on the Dubai Business Map, the digital platform of the sector – reflect the efforts made by Dubai Economy to provide value-added services to customers in order to facilitate doing business and commercial activities.
The report sheds light on the distribution of these licenses according to the main regions in the Emirate of Dubai, and the lion’s share was for Bur Dubai, with a total of 16199 licenses, then Deira with a total of 15908 licenses, and Hatta with 51 new commercial licenses. As for the distribution of the new licenses according to the top ten sub-regions, they were as follows: Burj Khalifa, Al Garhoud, Al Fahidi, Oud Al Muteena III, Port Saeed, Commercial Center 1, Oud Metha, Al Khabisi, Al Nahda 1, and Umm Ramool.
The report indicated that those who possessed new licenses during the first ten months of this year reached 102072, of which the percentage of businessmen constituted about 89%; Then business women by 9%, and the rest of the percentages for companies and groups.
As for the legal form of the new licenses that were issued during the first ten months of 2020, individual establishments accounted for about 38% of the total, while establishments with limited liability accounted for 32%, and civil works followed by 26%. And the rest of the list of legal forms included each of the limited liability company – one person (LLC); A branch of a company based in another emirate; A branch of a company / establishment based in a free zone, a branch of a foreign company, a branch of a Gulf company, a private joint stock company, a joint liability association, a cooperative society, a public shareholding company, a corporation, a simple partnership, a government liaison office, and an international organization.
The report showed that the most prominent economic activities for the new licenses during the first ten months of 2020 were as follows: project management services, dyes and paints, floor and wall tiling works, carpentry and flooring works, building and housing cleaning services, plaster works, plumbing and sanitary installations, installation HVAC systems and maintenance, installation of wallpaper, installation of suspended ceilings and light partitions.
The figures confirm that Dubai’s economy will continue to support and enhance the ambitious development path of the Dubai economy towards excellence, and the consolidation of the emirate’s position on the economic map as a center for finance and business in the region and the world, as well as strengthening cooperation with the private sector as it is an effective partner for the government sector, with its influential role in supporting The march of economic development, and achieving the ambitious vision of the United Arab Emirates in various fields in general, and the Emirate of Dubai in particular.
The Dubai Economy seeks, through the business map platform, to shed light on the economic climate of Dubai. It reflects the economic activity of the emirate, and the most prominent indicators of the monthly movement of commercial companies.
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