New businesses create more than 11,800 jobs in Dubai

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More than 11,800 jobs were created in Dubai last month, thanks to newly-licensed business.

The Department of Economic Development (DED) issued 4,459 new trade licences in February.

The bulk of them were professional (72.4 per cent) and commercial (26.1 per cent) permits, while the rest were related to tourism and industry.

Deira (2,573) accounted for the largest share of licences, followed by Bur Dubai (1,883), and Hatta (three) licences, while the top sub-regions were Al Garhoud (19.6 per cent), Burj Khalifa (10.7 per cent), Oud Al Muteena 3 (9.8 per cent) and Trade Centre 1 area (7.8 per cent).

Real estate, leasing and business services accounted for nearly 50 per cent of the economic activities licensed in February.