Dubai’s Department of Economic Development (DED) said it issued 1,748 new licences during November as the emirate remained a destination of choice for investment in diverse business sectors.
The Business Registration and Licensing (BRL) sector in the DED said that among the new licenses issued 62.3 percent were commercial, 35.2 percent professional, while 1.3 percent related to tourism and 1.2 percent industry.
The DED did not give a year-on-year comparison but the November figure was down on the 1,898 licences issued during October.
The Business Map digital platform of DED showed 23,979 business registration and licensing transactions being completed during November.
During the month, the number of trade name reservation was 3,037, while the number of initial approvals reached 2,265, and the number of commercial permits reached 2,283. BRL also issued 136 instant licences.
The Business Map also showed that the top nationalities who secured licences in November were Indians, followed by Pakistanis, Egyptians, Bangladeshis, Chinese, Saudis and Brits.
The BRL highlighted the distribution of the new licences during November, with Bur Dubai accounting for the largest share (915), followed by Deira (831).
Trade and repair services accounted for 36.9 percent of the new licences, followed by real estate, leasing and business services (22.4 percent), building and construction (14.7 percent), and community and personal services (10.4 percent).
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