DUBAI: Dubai has approved a second package of economic incentives worth AED1.5 billion, giving more relief to businesses across key sectors, including education, tourism, customs, transport, real estate, arts, and civil aviation.
The package was approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense of the UAE, and Chairman of The Executive Council of Dubai.
Together with the first AED1 billion package approved in late March, Dubai has now introduced AED2.5 billion worth of incentives in less than two months.
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33 Measures to Be Rolled Out in Phases
The second package includes 33 initiatives that will be carried out over three to 12 months. The exact timeline for each measure will be announced by the concerned government entity.
The support covers several business areas, including government fees, tourism, trade, logistics, real estate, construction, education, and cultural activities.
Schools and Early Childhood Centers Get Fee Relief
Private institutions registered with the Knowledge and Human Development Authority will benefit from deferred and instalment payment options for license renewal fees and fines.
Early childhood facilities registered with KHDA will also receive exemptions from license renewal fees, fines, and Dubai Municipality market fees.
The Knowledge Fund will provide further support, including partial rent exemptions, longer rent-free periods for some centers under construction, deferred rental payments, and a freeze on scheduled rent increases upon renewal.
Tourism and Events Receive Wider Support
Tourism, events, and retail businesses registered with the Dubai Department of Economy and Tourism are also covered.
The measures include exemptions from Tourism Dirham collection, sales fees on hotel rooms and restaurants, holiday home permit and license fees, event permit fees, and postponement or cancellation fees for events, exhibitions, and conferences.
Tour guides, desert safari activities, tourism companies, and hotel classification services will also receive fee reductions or deferrals.
Customs, Transport, and Aviation Measures Included
Dubai Customs will allow instalment payments for outstanding import customs declarations and offer an 80 percent reduction in fines for customs cases.
RTA-registered establishments will get payment deferrals for passenger activity sectors and exemptions from certain violations linked to vehicle availability and arrival time indexes.
Civil aviation businesses will benefit from reduced renewal fees and suspended late-renewal penalties.
