The latest initiative, a collaboration between DTCM and Dubai Municipality, proposes a waiver of the 10% Municipality Fee for new 3 and 4 star hotels for an initial period of 4 years from the date of the construction permit. DTCM has informed us that the waiver is to apply to 3 and 4 star properties which obtain the permit to construct between 1 October 2013 and 31 December 2017.

The initiative is part of an overall strategy to achieve Dubai's aim of attracting 20 million visitors by 2020. DTCM officials have indicated that a circular setting out the details of implementation and execution of the initiative is to be expected in the next month.

If you would like further information on any issue raised in this update please contact Alexis Waller or Sarah Khalifa.