Dubai Economic Department issues 2,650 new licenses in August 2019

The total number of new licenses issued in August 2019 reached 2,650, an average of 85 per day in the Emirate of Dubai.

The new licenses contributed to the addition of 8187 jobs to the labor market. These licenses were distributed among several activities, including professional activities by 65.6%, commercial 32.2%, tourism 1.7% and industrial 0.5%.

The figures from the Business Map, the digital platform for Dubai's economy, underscore its continued support for Dubai's ambitious development drive for excellence and establish the emirate's position on the economic map as the region's financial and business hub.

The report pointed out that the total registration and licensing transactions completed during the month of August 2019 amounted to 21,249 transactions.

Outsourcing centers located in different areas in Dubai have completed 15349 transactions, which represents 72% of the total completed transactions 21,249, which shows the vital role of these centers in providing outstanding services to the public, as these figures reflect the efforts of Dubai Economic to provide value-added services to customers in To facilitate the conduct of business activities.

The process of booking trade names reached 3452 procedures, and the number of initial approvals reached 2954 procedures, while the total number of commercial permits in August 2019 reached 1,023 permits, which confirms the attractiveness of Dubai for those wishing to do business activities on the one hand, in addition to increasing business confidence in the robustness of the economy the local.

A total of 8,646 transactions were renewed in August 2019, including 4,282 commercial license renewals automatically via text messages, accounting for 50% of total transactions, confirming the sustainability and competitiveness of businesses in the Emirate of Dubai.

The number of instant licenses issued in one step without a signed for the first year and exemption from the establishment contract for the same period, 160 licenses, while the number of dealer license 191 licenses.

DED seeks to emphasize the role of its initiatives in fostering engagement with its private sector partners to ensure the sustainability and growth of their businesses.

As for the distribution of new licenses by nationality, Bangladesh came first, followed by India, Pakistan, Egypt, Britain, China, Saudi Arabia, Jordan, Sudan and the United States.

The Business Traffic Report highlighted the distribution of new licenses in August 2019 by major regions in the Emirate of Dubai, where Deira received the largest share with a total of 1,518 licenses, followed by Bur Dubai 1129 licenses and Hatta with 3 new business licenses.

The report showed the distribution of new licenses for the top ten sub-regions, which accounted for 86.7% of all regions, with Al Garhoud ranked first (15.2%), followed by Burj Khalifa (14.4%), Oud Al Muteena Third (14.2%), Al Fahidi ( Al Muraqqabat (8.6%), Port Saeed (8.2%), Oud Metha (7.1%), Al Khabaisi (5.7%), Al Murar (2.8%) and Nayef (1.9%).

According to the distribution of economic activities for new licenses during August 2019, Real Estate, Leasing and Business Services received 43.9% of the share of activities, followed by Trade and Repair Services (26.7%), Community and Personal Services (9.8%), and Building and Construction. (7.5%), 'Transport, Storage and Communication' (4.5%), 'Hotel Group' (3.4%), 'Manufacturing' (1.5%), 'Financial Intermediation' (0.9%), 'Health and Labor' (0.9%) , "Contracting Group" (0.8%), "Education" (0.6%), and "Agriculture" (0.4%).

Through the Business Map platform, DED seeks to shed light on the economic climate of the Emirate of Dubai, highlighting the movement of economic activity and the most prominent indicators of the movement of commercial companies monthly, and the level of increase in the movement of new licenses.

The Dubai Business Map at www.dubaibusinessmap.ae, or the Dubai Business Map App, provides a complete visualization of each category of licenses and business orientation on a monthly basis.

The business traffic report includes extensive data that reflects the realities of Dubai's business, accurate data on the number of new licenses, their distribution to sectors and other important data.