HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has approved a AED 1 billion support package for Dubai’s business sector following a meeting of the Executive Council.
Rolling out from 1 April over the next three to six months, the incentive package is designed to strengthen the economy while offering practical support to businesses, individuals and families
“With strong institutions and deep community ties, the emirate continues to grow, turning challenges into opportunities and emerging stronger than ever,” Sheikh Hamdan stated in a social media post on X.
Dubai’s AED 1 Billion Incentive Package
Five key initiatives were approved, spanning economic support, policy updates and social development. An AED 1 billion incentive package will ease financial pressure across sectors, including a three-month deferral on select government fees. Hotels can defer sales fees and Tourism Dirham payments, customs grace periods will be extended to 90 days, and residency processes will be streamlined to attract skilled talent.
The Council also approved a revised GDP measurement approach, with broader data collection to better reflect economic activity. The new Virtual Warehouses Initiative will simplify temporary imports, including duty exemptions for artwork and fewer restrictions, improving the flow of goods.
On the social side, the Dubai Empowerment Strategy will support young Emiratis, boost employment and encourage entrepreneurship, while a new Health and Safety Strategy aims to improve workers’ living conditions, targeting full compliance and access to services by 2033.
Overall, the measures combine immediate economic relief with longer-term plans to support sustainable growth in Dubai.
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