Dubai has approved a Dh1 billion ($272.2 million) support package to strengthen the emirate’s business sector, with measures set to take effect from April 1.
The decision was made during a meeting of the Executive Council chaired by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence. The package is intended to provide a short-term stimulus over the next three to six months.
According to Dubai Media Office, the measures include a three-month deferral of selected government fees to ease financial pressure on companies and improve liquidity. Similar deferrals will apply to hotel sales fees and the Tourism Dirham, aimed at supporting the hospitality and tourism sectors.
The package also extends grace periods for customs data from 30 to 90 days, with the possibility of further extensions, to assist exporters and importers. Additional steps include streamlined procedures for issuing and renewing residency permits to attract skilled professionals.
During the meeting, the council also approved the Virtual Warehouses Initiative to facilitate temporary imports into Dubai, alongside a strategy to strengthen the financial stability of Emirati families.
A new health and safety strategy for workers’ housing was also introduced, focusing on improving living and working conditions.
Officials noted that Dubai’s economy continued to expand, with GDP rising by 5.4 per cent in 2025 to exceed Dh937 million.
In a statement posted on X, Sheikh Hamdan said the emirate remains focused on supporting businesses, individuals and families while maintaining economic stability and resilience.