Dubai CP approves AED1 billion to boost Dubai economy

March 30, 2026 / 10:44 PM

Sharjah24-WAM: His Highness Hamdan bin Mohammed bin Rashid Al Maktoum approved a series of initiatives and strategies aimed at empowering society, boosting trade and investment, enhancing economic measurement, and safeguarding the workforce during a meeting of the Executive Council of Dubai.

The decisions align with the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

AED1 billion economic incentives

The Council approved AED1 billion in economic incentives to be implemented over three to six months starting April 1, 2026, aimed at alleviating financial pressures on businesses and individuals. Measures include deferring government fees, postponing hotel-related payments, extending customs grace periods, and simplifying residency procedures.

Strong economic growth and GDP update

Dubai experienced 6.4% growth in the fourth quarter of 2025 and an annual increase of 5.4%, with GDP reaching AED937 billion. The Council also approved a revised methodology for measuring GDP, expanding data coverage and enhancing accuracy in reflecting economic performance.

Virtual Warehouses Initiative

The Council approved the Virtual Warehouses Initiative, managed by Dubai Customs, to simplify temporary imports, including artworks, with exemptions from customs duties and improved tracking systems, reinforcing Dubai’s position as a global hub.

Empowering society and workforce

The Dubai Empowerment Strategy, overseen by the Community Development Authority, seeks to enhance living standards, boost employment, and support entrepreneurship among Emiratis.

The Health and Safety Strategy for Workers’ Accommodation aims for full compliance with safety standards and universal access to essential services by 2033, promoting sustainable development and worker welfare.