Dubai's Al Garhoud neighbourhood emerged as the most popular area to set up a new business in the emirate, with the Burj Khalifa area, Oud Al Muteena, Trade Centre, and Oud Metha rounding up the top five spots.
Together, the five districts accounted for 43.7 per cent of the 16,826 new business licences issued in the first six months of 2020, Dubai Economy said in a statement on Saturday.
It did not provide a year-on-year comparison for the number of licenses issued for these areas.
Al Garhoud attracted the most highest of new businesses during the first six months of the year, accounting for 15 per cent of the total number of new permits issued in the emirate.
Some 2,535 new businesses opened in Al Garhoud, with ‘professional’ services accounting for the largest share. Of the new licences, 97 per cent were issued for businessmen, with just 2.2 per cent issued to female entrepreneurs and 0.8 per cent to companies.
"The popularity of 'Al Garhoud' is led by the number of commercial and residential complexes in the area and its proximity to the Dubai International Airport, the City Centre Deira and Dubai Festival City Mall," Dubai Economy, which issues business permits outside free zones in the emirate, said.
The Burj Khalifa area in Downtown Dubai attracted 2,022 new licenses during the first half of 2020, representing 12 per cent of the total number of new permits.
Commercial activity accounted for the largest share – 59.6 per cent – of the total number of active licenses, followed by licences for professional activity at 38.3 per cent. Male entrepreneurs were granted 95.3 per cent of all new licenses, while businesswomen formed 2.8 per cent and companies 1.9 per cent.
The area, named after the world's biggest tower, is home to the Dubai Mall, a number of luxury hotels, international company offices and upscale residences.
Company%C2%A0profile
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In%20the%20Land%20of%20Saints%20and%20Sinners
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In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
HWJN
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The biog
Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."
Favourite author: Malcom Gladwell
Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Top 10 most polluted cities
- Bhiwadi, India
- Ghaziabad, India
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- Delhi, India
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- Faisalabad, Pakistan
- Noida, India
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- Peshawar, Pakistan
- Bagpat, India
