Dubai Economy highlighted most preferred areas for new businesses in Dubai. 5 locations across the city accounted for 43.7% of the total new licenses issued in H1 2020.
Dubai , Dubai
29 July 2020, 12:00 AM
08 August 2020, 12:00 AM
A report issued by the Business Registration & Licensing sector of Dubai Economy identified the most popular areas across the city for setting up new business.
Dubai Economy had issued 16,826 new business licences in the first six months of 2020. According to the report, five areas accounted for 43.7 per cent of the total new business licences issued during the first half of this year.
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).
The Burj Khalifa area attracted 2,022 new licenses during the first half of 2020. Commercial activity accounted for the largest share (59.6 per cent) of the total number of active licenses at 21,941, followed by licences for Professional activity at 38.3 per cent.