Dubai Approves Dh1 Billion Economic Support Package to Strengthen Growth and Business Confidence

Dubai introduces a Dh1 billion economic support package featuring fee relief, trade facilitation, and strategic initiatives to enhance business confidence, boost liquidity, and reinforce long-term economic growth.

Key Highlights

• Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approved a comprehensive Dh1 billion economic support package aimed at enhancing market flexibility, strengthening resilience, and supporting businesses across Dubai.
• The initiative is set to be implemented from April 1 for a duration of three to six months, ensuring timely support aligned with current economic dynamics.
• The package reflects Dubai’s proactive governance approach, designed to maintain momentum, support enterprises, and create a stable and growth-oriented business environment.
• Dubai’s economic strength remains evident, with GDP growth reaching 5.4% in 2025 and total output exceeding Dh937 billion, reinforcing its position as a leading global economic hub.
• A key component of the package includes the postponement of selected government fees for three months, providing businesses with improved cash flow and enhanced financial flexibility.
• The hospitality and tourism sectors receive targeted support through a three-month postponement of hotel sales fees and tourism dirham fees, encouraging sustained activity and sectoral growth.
• Trade facilitation measures include extending customs clearance grace periods from 30 to 90 days, with potential for further extensions, benefiting importers and exporters by easing operational timelines.
• Residency-related incentives have been introduced to streamline visa issuance and renewals, enhancing Dubai’s ability to attract and retain global talent.
• The Virtual Warehouses Initiative introduces advanced trade solutions, allowing temporary imports with exemptions on customs duties for artwork and select goods, while enabling digital tracking and flexible storage mechanisms.
• This initiative enhances Dubai’s position as a global logistics and trade hub by simplifying processes, reducing costs, and improving efficiency across supply chains.
• The Dubai Empowerment Strategy focuses on improving living standards, strengthening financial stability, and promoting sustainable employment, particularly among Emirati families.
• The strategy emphasizes collaboration between government entities, private sector organisations, and community groups to drive inclusive and long-term socio-economic growth.
• The Health and Safety Strategy for Workers’ Accommodation aims to achieve 100% compliance with health and safety standards and ensure full access to essential services for workers by 2033.
• This initiative aligns with global best practices and supports Dubai’s broader urban development goals, including the Dubai 2040 Urban Master Plan.
• Leadership highlighted Dubai’s proven ability to transform challenges into opportunities, reinforcing confidence in its long-term economic outlook and adaptability.
• The emirate continues to strengthen its reputation for transparency, credibility, and investor trust, supported by forward-thinking policies and a resilient economic framework.
• The package is expected to stimulate business activity, enhance investor confidence, and support key sectors, ensuring Dubai remains competitive and future-ready.
• With a focus on innovation, inclusivity, and sustainability, Dubai’s latest economic measures further position the emirate as a global benchmark for economic resilience and growth.