Dubai’s Naif locality has over 12000 operating business licenses, says Dubai Economy – Gulf Today

  • Date: 02-Jul-2020
  • Source: Gulf Today
  • Sector:Economy
  • Country:UAE
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Dubai’s Naif locality has over 12000 operating business licenses, says Dubai Economy – Gulf Today

People shop at Naif, Dubai.

Gulf Today Report

A recent report by the Business Registration & Licensing (BRL) sector of Dubai Economy shows that the Naif locality in Dubai has over 12,478 active operating business licences. Of these, 86% of the licences are commercial (10,702), followed by professional (1,578), tourist and industrial licences.

According to the report, most of the businesses have been operating in Naif since 1963. In fact, 49 licences were issued in 1963 and these companies are still conducting various activities such as Jewellery, Gold & Silver; Food & Beverages; Phone Electronics; General Trade, Tools and Household Utensils; Artifacts; Watches and Spare parts; Perfume & Cosmetics; Garments; Handbags & Leather products; Dye & Paints; and Flooring and Wall Tiling.

A man shops spice at Naif.

The figures underline the interest of entrepreneurs to operate in 'Naif' due to its strategic location close to the airport, ports and major commercial centres. Naif is an important destination for retail trade in Dubai, and a leading tourist destination with its traditional markets, and archaeological and heritage areas.

Dubai Economy aims to establish an attractive economic environment for businesses by developing its business registration and licensing services including the issuance and renewal of commercial licences, which contribute