Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021
Libya topped the list of prominent export and re-export countries, followed by Saudi Arabia and Egypt
It indicated a 10 per cent year-on-year increase compared to the number of licences issued in Q1 2021
It marks a growth rate of 7 per cent over, or 1,139 licences, over the same period in 2021
The revised fee structure is applicable to tourism business licences starting this month
It issued 478 licenses in Q1 2021, a 36 per cent increase over the corresponding period last year
The new licences will cover 604 activities across many fields including accounting, training and consultancy
Bur Dubai accounted for the largest share of the new licences issued in February 2021 in terms of areas
Around 72 per cent of the transactions were processed via smart channels
The Business Registration & Licencing (BRL) sector also recorded a 62 per cent increase in auto renewal transactions during the first four months of 2020, compared to the same period in 2019