October Commerce 2013

Dubai Update
Welcome to the Dubai Commerce newsletter

Dubai has been chosen as the first city in the Middle East to host a British Business Centre. The centres are an initiative to help British SMEs looking to expand abroad by providing office infrastructure and support.

The announcement was made on 23 September by the UK Trade and Investment Minister Lord Stephen Green. He told the press conference that ‘Dubai has got one of the best Business Groups anywhere in the world, so they start from much stronger position than is the case with the British network in some other countries’.

The business centre will be created in partnership with the Dubai Economic Department, SME Dubai and FDI Dubai and is scheduled to open in March 2014.

During the launch, British Business Group (BBG) chairmen for Dubai and Northern Emirates Jonathan Davidson explained that, ‘these centres will further develop stronger trade sector ties between the UK and the UAE and will further assist in the expansion of British businesses in the UAE’.

For further information, please see the UKTI or DED websites.

After a hard week's work, why not choose one of these 5 ways to relax:

- A Seawings flight gives passengers stunning views of the city, coastline and desert.

- During a Bateaux Dubai dinner cruise, you can watch the city skyline drift by while enjoying a delicious meal.

- The Palace Downtown Dubai's spa has some luxuriously relaxing treatments.

- Located on the beach, surrounded by palms and shaded wooden decks, Eauzone is a wonderfully tranquil place to eat.

- Enjoy the beauty of the desert with a stay at the Al Maha resort, located in a palm oasis.
Recent DTCM News and Other Dubai Events
District One of Mohammed Bin Rashid City nears completion
The first phase of the project is now being marketed, with all nine of the show villas expected to be completed by November.

The 48 hectare site is a joint venture between Meyden and Indian developer Sobha and estimated to be worth Dh21 billion. The properties will be located around a spectacular 7 kilometre man-made lagoon.

With villa prices up 26 percent and apartment prices up 42 percent over the past 12 months in the emirate, the developers are anticipating strong sales for the development.

DTCM joins Dubai Department of Economic Development on UK tour
The roadshow was organised by the Dubai Department of Economic Development DED/FDI to promote investment in Dubai. It stopped at Birmingham, Cardiff, Preston and Edinburgh during September.

There were specialist talks by representatives from Taylor Wessing law firm, The Links Group specialising in company formation and Aramex as the logistics experts.

DTCM were on hand to promote Dubai as an investment, tourism and lifestyle destination and received an award from DED/FDI in recognition of their continued support.

How to get around Dubai

If you have accepted a job in Dubai, your new employer is responsible for organising your sponsorship and visa. Remember, if you leave your job but wish to stay in Dubai, you will have to apply for a new residency permit.

For those expats looking to start up their own business in Dubai, the city’s specialised Freezones are a good option with 100 percent ownership of the company. Setting up outside the Freezones requires finding a local Emirati partner. Either way it is corporate and income tax free.

Further details can be found on the Definitely Dubai website.

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Dubai Update is a digest of economic, industrial, commercial, travel and tourism and other news, some of which have appeared in the Dubai press. Items have not been independently verified by the Department. It is sent free of charge to organisations in the UK and Ireland wishing to keep abreast of major developments in Dubai.

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