H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has approved a second AED1.5 billion economic incentive package aimed at strengthening Dubai’s business environment and supporting key sectors affected by evolving market conditions.
The latest measures bring the total value of economic incentives introduced by the emirate in under two months to AED2.5 billion.
The new package includes 33 initiatives set to roll out over periods ranging from three to 12 months. The measures cover sectors including tourism, education, real estate, transport, trade, logistics, construction, arts, and culture.
Sheikh Hamdan said the initiatives align with the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum to reinforce Dubai’s resilience and ability to transform challenges into opportunities through strong public-private sector collaboration.
Educational institutions registered with the Knowledge and Human Development Authority will benefit from deferred licence renewal fees and fines, while early childhood centres will receive exemptions on renewal fees and Dubai Municipality market fees. Additional support includes rent relief, deferred rental payments, and exemptions tied to insurance guarantees and contractual penalties.
Tourism businesses will receive exemptions from Tourism Dirham collections, hotel and restaurant sales fees, holiday home permit fees, and event-related cancellation charges. Further fee reductions will apply to tour guides, desert safari operators, and tourism companies.
The package also introduces relief measures for SMEs, aviation companies, transport operators, cultural establishments, and construction projects. Dubai Customs will allow instalment payments on import declarations and reduce customs fines by 80 percent.
Dubai authorities said implementation timelines for each initiative will be announced by the relevant government entities, reflecting the emirate’s ongoing efforts to support businesses and sustain economic growth.
News Source: Emirates News Agency
