Dubai Economy Department has issued a report which highlights the most popular areas for setting up new business. From January to June of 2020 16,826 new business licences were issued and 43.7% were open in the following areas (by priority):
- Al Garhoud (15%)
- Downtown, Burj Khalifa area (12%)
- Oud Al Muteena 3 (6.5%)
- Trade Centre 1 (5.2%) and
- Oud Metha (4.8%).
The most popular type of license is ‘Professional’ activity, followed by ‘Commercial’ licences. Remarkable that, 97% of new licenses were issued for businessmen, 2.2% were issued to women entrepreneurs and 0.8% to companies.
Al Garhoud, situated just opposite Dubai International Airport is the long-established and well-known community. It is the site of a diverse mix of old and modern villas, apartments, offices, shops, and restaurants – due to its long history, the place is well known among tourists, many leading online portals are giving high ranks to Garhoud. It is an ideal and incredibly sought-after location for UAE residents who work or study in Old Dubai, Garhoud is well-connected to many parts of the city.
If you are an individual or a business looking to set up your offices in the UAE, and would like a helping hand to guide you through the procedures and guidelines, be sure to reach out to us at company formation Dubai