Property Trends

Dubai DED issues 4,057 new licences in September 2019

Dubai: The Dubai’s Department of Economic Development, DED, issued 4,057 new licences for various professional, commercial, industrial and tourism activities in September 2019.

According to the Business Registration and Licensing, BRL, sector in DED, 65.2 per cent of the new licences were professional, 33.2 per cent commercial, 1.2 per cent related to tourism and 0.4 per cent industry, and together, they created 12,102 jobs in the labour market.

The top nationalities who secured licenses in September were: Bangladesh, India, Pakistan, Egypt, Britain, China, Jordan, Saudi Arabia, Sudan and the USA respectively.

The ‘Business Map’ digital platform of DED, which seeks to reflect the economic realities in Dubai by providing vital data on each license category, including their numbers and distribution on a monthly basis, saw 30,523 business registration and licensing transactions being completed during the month of September.

The September transactions also showed that Trade Name Reservation accounted for 5,371 transactions, while the number of Initial Approvals reached 4,515. The total number of Commercial Permits reached 1,329 in September 2019. The report also showed that license renewal accounted for 11,590 transactions, including 5,755 (50 per cent) transactions related to Auto-Renewal via text messages.

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