Saturday, 27 November 2021 03:23 GMT

Bur Dubai sees most new licences issued in May


(MENAFN- Khaleej Times) The Department of Economic Department (DED) in Dubai issued 1,689 new licences and completed 26,184 transactions relating to business registration and licensing during May 2018.

Region-wise, Bur Dubai led with a total of 809 licences, Deira came next with 742 licences, while New Dubai had 135 new licences and Hatta three.

The top 10 sub-regions that accounted for 56 per cent of total transactions from all areas in Dubai were Burj Khalifa (11.6 per cent), New Dubai (8.2 per cent), Al Marar (6.4 per cent), Naif (4.8 per cent), Port Saeed (4.4 per cent), Al Karama, Hor Al Anz and Dubai World Trade Centre 1 (3.8 per cent each), Al Wasl (3.6 per cent) and Al Barsha (2.2 per cent).

The top 10 nationalities applying for licences in May 2018 were Indians, Pakistanis and Egyptians, followed by Chinese, Jordanians, British, Bangladeshis, Saudis, Syrians and Lebanese in that order.

According to the DED, renewal of existing licences accounted for the largest share of the total transactions, with numbers reaching 12,618. Around 2,954 transactions were related to trade name reservation, 2,083 to initial approvals and 3,013 to commercial permits. There were also 5,122 auto renewal transactions, 97 related to instant licence and 119 e-Trader licences transactions.

The outsourced service centres accounted for 77.6 per cent (18,446) of the total transactions completed during May 2018, it said.

The majority of the transactions in May were related to commercial licences (59.4 per cent) followed by professional licences (38.5 per cent), tourism licences (1.1 per cent) and industrial licences (1 per cent).

Trade and repair services (35.8 per cent) topped the list of business activities featured among the transactions in May 2018, followed by real estate, leasing and business services (21.9 per cent), construction (12.3 per cent), community and personal services (11.2 per cent), hotels group (7.8 per cent) and transport, storage and communications (3.2 per cent), manufacturing (3.2 per cent), financial brokerage (2.3 per cent), education (0.9 per cent), health and labour (0.6 per cent each).

Overall business registration and licensing (BRL) activity and its distribution across sectors and areas in the emirate reaffirms improved investor confidence in the expansionary spending policies and growth potential of Dubai.

-


MENAFN1006201800490000ID1096990601


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.