You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page.
Turn on more accessible mode
Turn off more accessible mode
Skip Ribbon Commands
Skip to main content
Turn off Animations
Turn on Animations
About Smart Dubai Gov
Dubai Government Services Directory
Listen to this page
Browse By Language
Translated Pages in Other Languages
About Dubai Smart Government
Awqaf and Minors Affairs Foundation
Community Development Authority
Department of Economic Development
Department of Finance
Department of Tourism and Commerce Marketing
Dubai Airport Free Zone Authority
Dubai Civil Aviation Authority
Dubai Civil Defence
Dubai Corporation for Ambulance Services
Dubai Electricity and Water Authority
Dubai Export Development Corporation
Dubai Government Human Resources Department
Dubai Government Workshop
Dubai Health Authority
Dubai Judicial Institute
Dubai Media Incorporated
Dubai Public Prosecution
Dubai Sports Council
Dubai Statistics Center
Dubai Women’s Establishment
Financial Audit Department
General Directorate of Residency and Foreigners Affairs-Dubai
Hamdan Bin Mohammed Smart University
Hamdan Bin Rashid Al Maktoum Award for Distinguished Academic Performance
Islamic Affairs and Charitable Activities
Knowledge and Human Development Authority
Mohammed Bin Rashid Housing Establishment
Mohammed Bin Rashid School of Government
Mohammed Bin Rashid Space Centre
Nedaa- Professional Communication Corporation
Office of HH The Crown Prince of Dubai
Protocol Department of Dubai
Roads and Transport Authority
Smart Dubai Government Establishment
The Dubai Supreme Council of Energy
The Executive Council of Dubai
The Government of Dubai Legal Affairs Department
Browse by Topics
People of Determination
CSR in Dubai
Reports & Statistics in Dubai
Entrepreneurship in Dubai
Parks and Beaches in Dubai
Excellence Awards in Dubai
Human Rights in Dubai
Festivals in Dubai
UAE President's Website
UAE Cabinet Website
Crown Prince of Dubai official website
Federal National Council
Ministry of Presidential Affairs
Sheikh Mohammed Centre for Cultural Understanding
Dubai Economic Council
Emirates Center for Strategic Studies and Research
Telecommunications Regulatory Authority
GCC Secretariat General
Website of the late Sheikh Zayed
Sheikh Khalifa Bin Zayed Al Nahyan
Sheikh Mohammed Bin Rashid Al Maktoum
Sheikh Dr. Sultan Bin Mohammed Al Qasimi
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum
Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum
Princess Haya Bint Al Hussein
Abu Dhabi eGovernment
Dubai Smart Government
Ras Al Khaimah eGovernment
Ajman Digital Government
Umm Al Quwain eGovernment
Dubai has changed dramatically over the last three decades, becoming a major business centre with a more dynamic and diversified economy. Dubai enjoys a strategic location and serves as the biggest re-exporting centre in the Middle East.
Its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies are attracting investors in a big way. Activities such as trade, transport, tourism, industry and finance have shown steady growth and helped the economy to achieve a high degree of expansion and diversification.
In order to assist those interested in obtaining further details about the Dubai economy , pages have been provided below with the latest data for key socio-economic indicators. They contain tables on Dubai Economic Statistics extracted from the "Dubai Socio-Economic Development Indicators" including a wide range of current data on the Dubai economy and society. Also, other pages contain the Quarterly Indicators as well as information about Investment in Dubai, industrial projects and commercial/ business centers.
Why Choose Dubai As An Investment Location?
The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulf’s leading multi-purpose business center and regional hub city, but they place it at the forefront of the globe’s, dynamic and emerging market economies.
Dubai, with its ancient commercial and seafaring traditions, has long been recognized as the Middle East region’s leading trading hub and has emerged as its key re-export center. In more recent years, the Emirate has become a major venue for a number of growing, profitable industries and activities:
• Meetings, conferences, exhibitions
• Corporate regional headquarters
• Regional transport, distribution and logistics center
• Banking, finance and insurance
• Business and industrial consulting
• Information and Communications Technology
• Light and medium manufacturing
This all became possible due to Dubai’s warm, welcoming people, world class facilities and infrastructure and farsighted, open and liberal economic policies. Finally, committed to a progressive vision of itself, keen to diversify its economy and diminish its reliance upon shrinking oil revenues, Dubai has begun to develop into the Arabian Gulf’s premier international business center. Consider the factors that contribute to this ongoing success story.
Dubai’s Key Advantages
I. Strategic Location: Dubai is a time zone bridge between the Far East and Europe on the East-West axis and the CIS and Africa on the north-south axis. It is a gateway to a market that can be characterized as:
• Large - well established trading links exist with the greater than 1.5 billion people in the neighboring region covering the Gulf, Middle East/Eastern Mediterranean, CIS, Central Asia, Africa and the Asian sub-continent;
• Growing - Dubai’s total international trade has grown on average by over 11% per year since 1988 and regional economic growth and liberalization should boost demand further;
• Prosperous - a buoyant local economy strategically located in the midst of one of the world’s richest regions and well endowed with ample supplies of cheap energy and primary aluminum; also adjacent to major regional suppliers of vital agro-export commodities;
• Diversified - varied and significant import requirements generate opportunities for product suppliers and re-exporters;
• Accessible - served by over 120 shipping lines and linked via 85 airlines to over 130 global destinations;
• Open - no exchange controls, quotas or trade barriers.
II. Political And Economic Stability: Dubai is part of the UAE which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability. Its well-developed, sophisticated banking system features extensive credit facilities and ample liquidity. The Emirate’s emerging capital markets are built on a basis of leading-edge technologies and sound regulatory systems. The government has a long, consistent commitment to pro-business, liberal economic policies including the protection of intellectual property rights. The UAE benefits from stable and harmonious industrial relations. Finally, there is a well defined, sound legal framework for business and a clear set of ownership rules. Foreigners are permitted ownership rights of up to 49% for limited liability companies established within the Emirate of Dubai and up to 100% for professional companies, branches and representative offices of foreign companies and free zones enterprises. All of these factors reflect positively in Dubai’s being assigned an investment grade rating for fixed income investment by Moody’s Investors Service.
III. Open And Free Economic System: Dubai’s economy has been kept open and free to attract investors and business. Government control and regulation of private sector activities has been kept to a minimum. There are no direct taxes on corporate profits or personal income (except for oil companies that pay a flat rate of 55% and branches of foreign banks that pay a flat rate of 20% on net profit generated within Dubai). Customs duties are low at 4% with many exemptions, 100% repatriation of capital and profits is permitted, there are no foreign exchange controls, trade quotas or barriers and a stable exchange rate exists between the US Dollar and the UAE Dirham (US$1.00=AED 3.678). Liberal visa policies permit easy importation of expatriate labor of various skill levels from almost all over the world.
IV. World Class Infrastructure and Service Sector: Dubai’s deliberate policy of investing heavily in transport, telecommunications, energy and industrial infrastructure has enabled it to have one of the best infrastructure facilities in the world; it also contributed significantly both to its ongoing prosperity and attractiveness to international business. The Emirate features a network of seven industrial areas, one business park and three highly successful, specialized free zones of international distinction, two world class seaports, a major international airport and cargo village, a modern highway network, state-of-the-art telecommunications and reliable power and utilities all of which deliver efficiency, flexibility, reliability, reasonable cost and size.Complementing its world class infrastructure is a sophisticated service sector that features leading regional and international freight forwarders, shipping companies, insurers plus major international hotels, banks and financial service firms, lawyers, accounting firms, consultants, advertising agencies, top international exhibition and conference facilities, high quality office and residential accommodation, first class hospitals, schools, shopping centers and recreational facilities. Free Zones Websites: Dubai Airport Free Zone Jebel Ali Free Zone Dubai Media City Dubai Internet City
V. Competitive Cost Structure: International companies setting up in Dubai can obtain significant cost advantages not generally available internationally. The major factors are:
• No foreign exchange controls,
• No trade barriers or quotas,
• Competitive import duties (4% with many exemptions),
• Competitive labor costs – labor force is multi-lingual and skilled,
• Competitive energy costs,
• Competitive real estate costs,
• Competitive financing costs and high levels of liquidity,
• No corporate profit or personal income taxes (except for oil companies and branches of foreign banks). You can refer to the tables under the "Cost of Doing Business" section.
VI. High Quality of Life, Excellent Living Conditions: Dubai’s private sector has invested heavily in real estate such as hotels, residential and commercial properties, recreational and leisure facilities. In addition, a number of factors have contributed to the Emirate’s high quality of life and superior living conditions making it a model location for many to emulate. Those factors include excellent infrastructural facilities, low crime, clean environment, tolerance and cultural diversity, cosmopolitan life style, modern public administration, availability of a wide range of consumer goods and services, mild winters and clean, palm fringed beaches.
VII. Strong Local Commercial Tradition and Wide Choice of Potential Business Partners: The local business class has a long tradition of trading activity and wide exposure to international business practices and state-of-the-art technologies. Local entrepreneurs have already gained successful experience with international partnerships in franchising, licensing, joint ventures, etc, in various sectors of the economy.
VIII. Extensive Foreign Trade Network & Major Achievements in Export and Re-Export Performance: Dubai boasts an extensive foreign trade network extending to 179 states thus offering the investor an extensive choice of potential global marketing outlets for a diverse portfolio of goods and services. As a member of the UAE federation, Dubai is also part of the world’s third-largest export and re-export center after Hong Kong and Singapore.
IX. Rapidly Developing Manufacturing Sector Producing a Wide Range of High Quality, Competitive Export Products: Major gains have already been made in the profitable manufacture and export of aluminum ingots, fabricated metal products, textiles and ready-made garments, gold and jewelry, prepared foodstuffs, consumer electronics, refined petroleum, chemical and non-metallic mineral products. Supportive commercial, industrial, political and economic factors are currently in place that make possible the extension of these gains to other manufacturing sub-sectors.
Copyright © 2000-2017 Smart Dubai Government, All Rights Reserved.
Terms and Conditions
This site is best viewed in Google Chrome , IE 9+ , Firefox and Safari
Site last Updated : 26/09/2017 04:26