Dubai
A report issued by the Business Registration & Licensing sector of Dubai Economy highlights the most popular areas across the city for setting up new business.
As per the report, five areas account for 43.7 per cent of the total new business licences issued during the first half of this year. Dubai Economy had issued 16,826 new business licences in the first six months of 2020.
Al Garhoud saw the most number of new businesses, accounting for 15 per cent of the total, followed by the Burj Khalifa area (12%), Oud Al Muteena 3 (6.5%), Trade Centre 1 (5.2%) and Oud Metha (4.8%).
Al Garhoud attracted 2,535 new licenses, with ‘Professional’ activity accounting for the largest share. Out of 12,192 businesses operating in the area, 6,096 hold Professional licences, nearly 50 per cent, followed by 5,940 Commercial licences (48.7 per cent of the total). Of the new licences, 97 per cent were issued for businessmen, 2.2 per cent were issued to women entrepreneurs and 0.8 per cent to companies.—Gulf News
