Dubai’s commercial licencing business grows 22 percent in first half

The volume of transactions registered a growth of 22 percent as against the same period last year.

The licencing department provides corporate licencing services to local and free zones and government bodies.

The services include issuance work permits, establishment cards and no-objection certificates (NOCs).

International City ranked first in the list of sites that obtained local licencing transactions with 203 licences, followed by Jumeirah Village Circle in second place, Palm Jumeirah, Dragon Market, and finally Palm Deira, WAM said.

Government services transactions saw 3,440 approved work permits in Dubai, followed by 1,270 transactions for renewal of permits.

“Trakhees achieved remarkable growth with all services provided by the Licencing Department in the commercial licencing sectors in its private development areas,” Trakhees’ department of planning and development chief executive officer Ahmed Belhoul said, adding that the service provider aims to develop and expand the services “to keep pace with the aspirations of business leaders and investors in the emirate.”

In terms of free zone licences, the license renewal service ranked first in the list of services requested by dealers in this speciality, reaching 527 transactions from January to June 2022, WAM said.

“This was followed by 185 commercial permits and 78 transactions for reserving a trade name under the category of free zone licences.”

The local licence renewal service ranked first with 3,426 transactions, followed by local licence amendments with 1,063 transactions. Booking a new trade name registered 951 transactions, followed by new local licences with 627 transactions.

Belhoul stressed that through these services, Trakhees aims to adopt a “culture of excellence in performance to ensure the happiness and satisfaction of customers by reducing the customer’s time to obtain these services.”