Dubai Executive Council slashes some administrative fees

On 6 June 2018, the Dubai Executive Council approved a stimulus plan to reduce the cost of doing business. The new policy aims to slash "market fees" imposed by Dubai Municipality from 5 per cent to 2.5 per cent, in addition to scrapping 19 fees related to the aviation industry, as Dubai aims to attract foreign investments worth more than AED 1 billion in the aviation sector. The Council also directed the Land Department to waive late payment fees on property registration imposed by the Dubai Land Department for 60 days - which used to be 4 per cent.

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific
  • Services (Transportation and storage)

• Sources:

  • Emirates News Agency (WAM), Hamdan bin Mohammed chairs Executive Council meeting, approves series of economic stimulus, http://wam.ae/en/details/1395302693383, 07 Jun 2018
  • The National, Dubai approves stimulus plan, slashing aviation fees, https://www.thenational.ae/business/economy/dubai-approves-stimulus-plan-slashing-aviation-fees-1.737919, 07 Jun 2018