7,600 jobs created in Dubai last month

DATE: 22-Jul-2019 Reported By: Khaleej Times

Bangladeshis, Indians and Pakistanis secured the most licences last month.

The inflow of small and medium-sized businesses continued in Dubai last month as 2,394 new licences were issued, creating 7,600 jobs across different sectors.

According to the Department of Economic Development (DED), 58.5 per cent of the new licences were professional, 38.9 per cent commercial, 1.9 per cent related to tourism and 0.7 per cent industry.

The report also showed that the top nationalities who secured licences in June 2019 were from Bangladesh, India, Pakistan, Egypt, Britain, China, Jordan, Saudi Arabia, the Philippines and Lebanon, in that order.

It said 22,759 business registration and licencing transactions were completed during June 2019. The outsourced service centres of DED accounted for 19,912 transactions - 87 per cent of the total.

The report showed that licence renewal accounted for 10,417 transactions in June 2019, including 5,335 (51.2 per cent) transactions related to auto renewal via text messages.

The June 2019 transactions also showed that trade name reservation accounted for 3,593 transactions, while the number of initial approvals reached 2,905. The total number of commercial permits reached 906 in June 2019.

The department also issued 250 instant licences, which is processed in a single step without the need for either the Memorandum of Association or an existing location for the first year, while the number of DED trader licenses, which allows to conduct business activities on social media, reached 219 in June 2019.

The Bur Dubai area accounted for for the largest share (1,399) of licences issued in June 2019, followed by Deira (993), and Hatta (2). The top sub-regions, which accounted for 64.8 per cent of all the transactions, were: Al Garhoud (13.4 per cent), Al Barsha 1 (12.2 per cent), Burj Khalifa (10.3 per cent), Al Fahidi (10.1 per cent), Port Saeed (5.3 per cent), Dubai World Trade Centre 1 (3.0 per cent), Oud Metha (3.0 per cent), Umm Al Ramoul (2.8 per cent), Al Marar (2.8 per cent), and Naif (1.9 per cent).

Real estate, leasing and business services accounted for 38.8 per cent of the new licenses issued in June 2019 according to the distribution of economic activities, followed by trade and repair services (27.1 per cent), community and personal services (12.6 per cent), building and construction (8.3 per cent), transport, storage and communications (4.5 per cent), hotels group (3.4 per cent), manufacturing (2.4 per cent), financial brokerage (1.5 per cent), health and labour (0.6 per cent), education (0.5 per cent), and agriculture (0.3 per cent).