Around 2,600 new business licences were issued in Dubai in May, an increase of 50 per cent compared to the same period last year.
More than half of these were professional permits, 42 per cent were commercial and the rest were related to tourism and industries.
According to the Department of Economic Development (DED), the new companies helped create 8,348 jobs in the market.
Bangladeshis, Indians, Pakistanis and Egyptians were the top nationalities who secured the licences.
The bulk of the permits were for real estate & leasing activities, followed by trade & repair services, community & personal services, and building & construction.
In terms of the location, Bur Dubai (1,582) accounted for the largest share of the licences, followed by Deira (1,014) and Hatta (3).