In its efforts to make Dubai an attractive place for investment, and to boost ease of doing business in the city, Dubai Government has announced its plans to reduce municipality fees on sales at restaurants and hotels by 3 per cent.
Under the directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ordered the reduction to the municipality fees on sales at hotels and restaurants in Dubai to 7 per cent from 10 per cent.
Sheikh Hamdan emphasised that this move will create an attractive environment for tourism and investment. Additionally with this move, residents will also see the benefit, as dining out will also become cheaper.
"We continue to work under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to provide more business facilities to enhance Dubai's competitiveness under a policy that ensures the growth of partnership between the public and private sectors," Sheikh Hamdan said.
"We continue to take firm steps to establish Dubai as a preferred destination for visitors and businesses internationally, and our incentive policies are aimed at making Dubai the best place in the world to do business," he said.
"The tourism and hotel sector is a major pillar of our efforts to diversify the economy and sources of income. Its sustainability requires creating an attractive environment for tourism and investment."