Dubai’s DED issues 2,523 licenses, creates 6,713 starting March 2020
Real estate, leasing, and business services accounted for 54.3% of the licenses issued, with building and construction at 9.7%
The Business Registration and Licensing (BRL) sector of Dubai’s Department of Economic Development (DED) said in its recent report that it has issued 2,523 new licenses since the beginning of March 2020, with licenses having helped in creating 6,713 new jobs.
The report states that among the new licenses 58% were professional accounting to 1,900 and 39.3% were commercial covering 590.
Since the beginning of March 2020, 18,037 business registration and licensing transactions were recorded in total, and 76% or 13,629 of the total transactions were through the outsourced centres of Dubai Economy.
Simultaneously, 6,672 transactions fell under the category of license renewal, while 3,367 or 50% of the transactions were related to Auto Renewal via text messages. Trade Name Reservation accounted for 3,343 transactions, and the number of Initial Approvals reached 2,989.
Meanwhile, the BRL sector issued 96 instant licenses since the beginning of March 2020. The number of DED Trader licences accounted to 179.
Additionally, real estate, leasing, and business services accounted for 54.3% of the economic activities licensed of the new licenses issued since the beginning of March 2020, followed by: trade and repair services with 21.7%; building and construction with 9.7%; community and personal services with 6.3%; and transport, storage, and communications with 3%.
The manufacturing sector saw issuance of 2.8% of licenses, followed by hotels group with 1.8%; financial brokerage with 0.8%; contracting group with 0.6%; education with 0.3%; health and labour with 0.3%; agriculture with 0.3%, and electricity, gas, and water with 0.1%.
In terms of areas, Deira took the lion’s share of licences accounting to 1,503, followed by Bur Dubai with 1,019; and Hatta with 1. The top sub-regions, which accounted were: Al Garhoud, Burj Khalifa, Oud Al Muteena 3, Al Nahda 1, Al Khabaisi, Oud Metha, Trade Centre 1, Umm Ramool, Al Fahidi, and Port Saeed.