Hamdan bin Mohammed bin Rashid Al Maktoum has approved a sweeping package of economic and social initiatives, including AED1 billion in incentives, aimed at strengthening Dubai’s economy, supporting businesses, and enhancing quality of life across the emirate.
The decisions were made during a meeting of The Executive Council of Dubai, attended by Maktoum bin Mohammed bin Rashid Al Maktoum and Ahmed bin Mohammed bin Rashid Al Maktoum. The measures align with the national vision of Mohamed bin Zayed Al Nahyan and Mohammed bin Rashid Al Maktoum.
At the centre of the package is AED1 billion in economic incentives set to roll out from 1 April 2026 over three to six months. The initiative includes temporary deferrals of government fees, extended customs payment deadlines, and eased residency processes to improve liquidity and attract talent.
Dubai also reported strong economic performance, with GDP growing 6.4 percent in Q4 2025 and 5.4 percent for the full year, reaching AED937 billion. An updated GDP measurement framework was approved to provide a more accurate and comprehensive view of economic activity.
Among the approved initiatives is the Virtual Warehouses Initiative led by Dubai Customs, which streamlines temporary imports and exempts certain high-value goods such as artwork from duties. The move is expected to strengthen Dubai’s position as a global hub for trade and art.
The Council also endorsed the Dubai Empowerment Strategy, aimed at enhancing employment opportunities and financial stability for Emiratis, alongside a new Health and Safety Strategy to improve living standards in workers’ accommodations and ensure full compliance by 2033.
Sheikh Hamdan said the initiatives reflect Dubai’s commitment to sustainable growth, investor confidence, and social wellbeing.
News Source: Emirates News Agency
