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Dubai DED issues 4,057 licences, creates 12,102 jobs in Sep 2019

Licenses issused in sectors such as real estate, leasing, business services, building and construction, manufacturing, contracting

Dubai DED issues 4,057 new licences in September 2019. [representational image]
© ITP Media Group / Rajesh Raghav
Dubai DED issues 4,057 new licences in September 2019. [representational image]

Dubai’s Department of Economic Development (DED) issued 4,057 licenses in September 2019 to businesses in various sectors including, real estate, leasing, business services, building and construction, in addition to transport, storage and communications, hospitality, manufacturing, and contracting. 

According to a DED statement, 51.9% of the licenses were issued to real estate, leasing, and business services; 7.3% to building and construction; 3.2% to transport, storage and communications-related businesses; 2.8% to hotel groups; 1.4% to manufacturing; and 0.5% to contracting group.

The issuance of licenses for these businesses has created 12,102 jobs in the labour market, demonstrating continued investor confidence and rising opportunities in the emirate’s economic sectors.

The top nationalities that secured licenses in September 2019, included Bangladesh, India, Pakistan, Egypt, Britain, China, Jordan, Saudi Arabia, Sudan, and the US, in that order.

The Business Map digital platform of the DED, which seeks to reflect the economic realities in Dubai by providing data on each license category, saw 30,523 business registration and licensing transactions completed during September 2019, with outsourced service centres of the DED accounting for 24,109 transactions, or 79% of the total.

According to the Business Registration and Licensing (BRL) wing of the DED, total number of commercial permits reached 1,329 in September 2019, with trade name reservation accounting for 5,371 transactions; initial approvals reaching 4,515; and license renewal accounting for 11,590 transactions, including 50% of the transactions related to auto renewal via text messages.

BRL also issued 258 instant licenses, which is processed in a single step without the need for either a memorandum of association or an existing location for the first year, as well as 295 DED trader licenses, which allows to conduct business activities on websites and social media.

The Bur Dubai area accounted for the largest share of licences issued that stood at 2,114, in September 2019, followed by Deira, and Hatta.

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Nov 09, 2019