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Dubai Duty Free has seen significant growth and development in the past years and was named the single largest airport retailer in the world in terms of revenue, based on the years 2008–10 [10] and 2013. [11] The Dubai Duty Free employs over 6,100 staff from 47 nationalities, including 25 of its original 100 staff recruited in 1983. [12]
List. There are more than 20 Free Zones operating in Dubai, which include the following: Dubai Airport Free Zone [9] Dubai Design District [10] Dubai Healthcare City [11] Dubai International Academic City [12] Dubai Internet City [13] Dubai International Financial Centre [14]
Dubai Duty Free recorded more than 23.5 million transactions in 2012. [285] As of August 2009, Dubai Duty Free was the biggest single airport retail operation in the world ahead of London's Heathrow and Seoul's Incheon airports. In addition to a wide array of duty-free shops and eating outlets, Dubai Airport has two open-air garden areas.
DAFZ was established in 1996. It came into being as a part of the Dubai government's strategic plan to make Dubai an investment-driven economy. Today, it is one of the fastest-growing and pioneering free zones in the region, contributing to around 4.7 percent of Dubai's gross domestic product) It allows international investors a completely duty-free business setup and execution of services ...
Dubai Duty Free – the company responsible for the duty-free operations at Dubai International Airport. DDF became the largest airport retailer in the world in terms of sales in 2012. [8] DDF represents over 5% of global duty-free sales, [9] generating 2014 revenues of $1.91 billion [10] and 2016 revenues of $1.85 billion. [11]
The world's largest airport by duty-free sales is South Korea's Incheon Airport, with US$1.85 billion in 2016, [2] narrowly overtaking Dubai Duty Free with 2016 sales of $1.82 billion. [3] Haikou International Duty-Free City Shopping Complex is the world's biggest stand-alone duty-free store in terms of physical size.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise. 100% import and export tax exemptions.
In 2018, the country topped the list for the fourth year in a row with a total spend of $30.82 billion, a 3.8% increase over 2017 ($29.70 billion). The average spend per day was $553. [16] In 2019, Dubai attracted a total of 16.73 million tourists, which was an increase of 5.09% on the previous year.