Dubai?s trade licences up 13%

Business activities in Dubai remained in upward direction as the Department of Economic Development (DED) witnessed a 13 per cent increase in licences issued in March 2014 compared to the same month of 2013.

Last month, the department had issued 1,834 trade licences compared to 1,623 licences in the same month last year, showing increasing investor confidence in the emirate. The commercial sector saw a 75 per cent increase in the number of licences, the highest among all sectors in March 2014, while the professional sector accounted for a 23 per cent rise, followed by the tourism and industrials sectors by one per cent each.

The total number of licences amended in March 2014 was 7,104, while the total number of renewed licences reached 9,244, and the total number of business registration and licensing (BRL) transactions reached 48,422.

The number of reserved trade names in March 2014 reached 7,602, up 22 per cent from March 2013 (6,235), and the number of initial approvals increased 20 per cent to 3,375 from 2,816.

The total number of commercial activities licensed in March 2014 was 4,907, with general trade leading the list of the top 10 licensed activities (231 licences) followed by dyes and paints (206), tiling of floors and walls (201), carpentry and flooring (200), installation of suspended ceilings and light cut-outs (194), sanitary extensions and wares (188), installation of air conditioning systems, ventilation and air purification (188), installation and maintenance of electromechanical equipment (158), installation of wallpaper (145) and plaster works (136). The number of professional activities licensed in March 2014 reached 1,171.? Cleaning services for buildings and residences activity led the list of the top 10 licensed activities in this category with 88 licences, followed by special-purpose facility (58), restaurants (39), business services (37), printing and copying services (27), electrical repair and extensions (26), parties and entertainment (26), wedding planning (24), organisation and management of exhibitions (21), and cafes (18).

via Business – Dubai?s trade licences up 13%.