News & Articles
Growth of Dubai Mainland Business Licenses in 2024 and 2023
Dubai is known for its supportive business environment, attracting entrepreneurs worldwide. Comparing the business license data from Q1-Q3 2024 to the same period in 2023 shows clear growth and improvement in business activity. Let’s look at the details.
How Business Licenses Grew in 2024
In 2024, the number of business licenses issued grew steadily, especially in March, which saw 16,574 licenses—an increase of 39% (4,651 more licenses) compared to March 2023, which had 11,923 licenses. Similarly, May 2024 showed 14,522 licenses, up by 72% (6,079 more licenses) compared to April 2023, which recorded only 8,443 licenses.
This upward trend shows a rise in investor interest, likely due to simplified rules and attractive policies introduced by Dubai authorities. The consistency in numbers throughout 2024 indicates a stronger, more reliable environment for business.
2023: A Year of Ups and Downs
In 2023, the number of licenses fluctuated a lot. While January 2023 started reasonably well with 12,199 licenses, April saw a sharp drop of 31% (3,756 fewer licenses), hitting a low of 8,443. However, by September 2023, the numbers improved by 45% (3,813 more licenses) compared to April, reaching 12,256 licenses. This recovery shows how Dubai managed to overcome challenges during the year.
Comparing Q1-Q3: 2024 vs. 2023
Here’s how the two years compare:
- Q1 (January–March): Q1 2024 saw a strong rise. For example, March 2024 had 39% more licenses than March 2023.
- Q2 (April–June): May 2024 outshined the same month in 2023, showing a 72% increase in licenses.
- Q3 (July–September): Although there were minor drops in July and August 2024, September 2024 still performed 4% better than September 2023.
Overall, 2024 consistently outperformed 2023 across most months, indicating a growing demand for business licenses.
Why 2024 Did Better
A few reasons explain why 2024 saw better results:
- Easier Setup Processes: Dubai made it faster and simpler to start a business.
- More Opportunities: Growing industries like e-commerce and technology brought more entrepreneurs to the market.
- Government Support: Dubai introduced policies like reducing costs and offering help to small businesses.
- Global Recovery: As the world economy improved, more people invested in businesses, especially in Dubai.
What Happened in 2023?
The dips in 2023, especially in April, could be due to factors like stricter rules or global economic challenges. Despite this, Dubai bounced back in the second half of the year, showing its ability to adapt and recover.
Â
The strong performance in 2024 suggests that Dubai is becoming even more business-friendly. With a 72% increase in licenses during some months compared to 2023, it’s clear that investors see value in setting up businesses in Dubai mainland. The steady rise in numbers gives hope for continued growth in the years ahead.
How Can Choose UAE Help
Comparing Q1-Q3 2024 and 2023 shows Dubai’s growth as a business hub, with 2024 reflecting stronger policies and investor interest. Entrepreneurs can rely on Choose UAE for a seamless Dubai mainland setup, backed by our 5-star reputation, tailored solutions, comprehensive services, and efficient processes. With personalized support and professionalism, we handle all requirements, ensuring a hassle-free and timely business launch.
What Makes Us Stand Out?
- Trustworthy Reputation
- Individualized Solutions
- All Around Services
- Hassle-free, Fast and Efficient
- Excellence and Professionalism
- Dedicated Support
