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Dubai Business Map data indicated that the local market in the emirate registered more than 117,000 investors who added new licenses to their activities during the past month, compared to about 87,000 investors in the same period of 2022, with a growth of 34.5%.
The new licenses recorded a clear growth during the month of January of this year, by 42.7%. It reached 9960 licenses, compared to 6979 licenses.
In detail, the new licenses issued until the end of last month varied between professional, commercial and industrial, as professional licenses constituted the largest share of the total new licenses issued by touching 60% through 5954 licenses, commercial came second with 3599 licenses equivalent to 36%, and industrial in third place. B 39 licenses.
In terms of the distribution of regions, the Bur Dubai region acquired the largest share of the number of new licenses through 6,936 permits, then Deira again with 2916 permits, while the third was the New Dubai region with 99 permits, and finally Hatta with only 9 permits.
It is worth noting that the Dubai economy recorded during the year 2022 the establishment of 88,235 new companies, compared to 72,152 companies in 2021, with a growth of 22%. The number of new investors during the past year reached 174,212.
