Dubai Quarterly Business Survey

This survey seeks your opinion about doing business in Dubai. The questionnaire has been updated to address the impact of recent economic factors to craft urgent support measures required to sustain the growth of the economy. Please spare a few minutes of your time to fill out this questionnaire.

Respondent Information:

Company Name *

Respondent Name

Designation

Contact Number

Email Address *

General Business Performance

8. Compared to Quarter 3 (Jul-Sep 2024), how do you expect the general business climate to change in Dubai in Quarter 4 (Oct-Dec 2024)? *

Next quarter will be better
No change
Next quarter will be worse

9. Please indicate your approximate total sales in Q3 (Jul-Sep 2024)?

10. In comparison to Q3 (Jul-Sep 2024), how do you expect the following aspects of your business to change in Q4 (Oct-Dec 2024) ?

i. Sales *

Increase
Stay the same
Decrease

ii. Selling price *

Increase
Stay the same
Decrease

iii. Operating expenses *

Increase
Stay the same
Decrease

iv. Profitability *

Increase
Stay the same
Decrease

v. Capital Expenditures *

Increase
Stay the same
Decrease

vi. Number of employees *

Increase
Stay the same
Decrease

Impediments and Opportunities

11. What are the top 3 sector-specific challenges your business is facing, and could you please indicate the institution causing each of these challenges if available? Additionally, what are your suggestions or best practices to resolve these challenges?

Challenge 1:

Suggestion/best practices 1:

Challenge 2:

Suggestion/best practices 2:

Challenge 3:

Suggestion/best practices 3:

12. Please rate the impact of the following factors on your business in Quarter 3 (Jul-Sep 2024).

a. Domestic issues:

i. Domestic demand *

Positive
Negative
Neutral
Not sure / Don't know

ii. Commercial Rental cost *

Positive
Negative
Neutral
Not sure / Don't know

iii. General inflation *

Positive
Negative
Neutral
Not sure / Don't know

iv. Availability of raw materials *

Positive
Negative
Neutral
Not sure / Don't know

v. Inter Emirates transportation/Land transport cost *

Positive
Negative
Neutral
Not sure / Don't know

vi. Price Competition *

Positive
Negative
Neutral
Not sure / Don't know

vii. Unlicensed businesses' operation *

Positive
Negative
Neutral
Not sure / Don't know

viii. Trade agreement with India, Turkiye and Indonesia *

Positive
Negative
Neutral
Not sure / Don't know

ix. Talent shortage and retention *

Positive
Negative
Neutral
Not sure / Don't know

x. Telecomunication/internet cost *

Positive
Negative
Neutral
Not sure / Don't know

b. Financial issues:

i. Delay in payment (Private Sector) *

Positive
Negative
Neutral
Not sure / Don't know

ii. Delay in payment (Public Sector) *

Positive
Negative
Neutral
Not sure / Don't know

iii. Access to credit *

Positive
Negative
Neutral
Not sure / Don't know

iv. Change in interest rates *

Positive
Negative
Neutral
Not sure / Don't know

v. Opening new bank account *

Positive
Negative
Neutral
Not sure / Don't know

vi. High bank fees *

Positive
Negative
Neutral
Not sure / Don't know

c. Documentation/licensing issues:

i. Cost level of a business license *

Positive
Negative
Neutral
Not sure / Don't know

ii. Level of penalty/fines *

Positive
Negative
Neutral
Not sure / Don't know

iii. Cost level of employment visa *

Positive
Negative
Neutral
Not sure / Don't know

iv. Cost of compliance to regulations *

Positive
Negative
Neutral
Not sure / Don't know

v. Different regulations across different Emirates *

Positive
Negative
Neutral
Not sure / Don't know

d. International factors:

i. Cost level of logistics *

Positive
Negative
Neutral
Not sure / Don't know

ii. Geopolitical events *

Positive
Negative
Neutral
Not sure / Don't know

iii. International commodity prices *

Positive
Negative
Neutral
Not sure / Don't know

iv. Exchange rate fluctuations *

Positive
Negative
Neutral
Not sure / Don't know

v. Price level of energy/fuel *

Positive
Negative
Neutral
Not sure / Don't know

vi. Global slowdown *

Positive
Negative
Neutral
Not sure / Don't know

vii. Cybersecurity threats *

Positive
Negative
Neutral
Not sure / Don't know

Other factors not listed above, please specify:

13. Which of the following actions are you planning to take in Q4-2024 to reduce cost and increase sales?

i. Negotiate renting cost or move to cheaper rent place *

Action planned in Q4-2024
No action planned in Q4-2024

ii. Review or changing suppliers *

Action planned in Q4-2024
No action planned in Q4-2024

iii. Increase production capacity *

Action planned in Q4-2024
No action planned in Q4-2024

iv. Diversification of products/services *

Action planned in Q4-2024
No action planned in Q4-2024

v. Access to additional capital *

Action planned in Q4-2024
No action planned in Q4-2024

Other actions not listed above, please specify:

14. Digital Technology refers to a business whose activity is reliant on, or significantly enhanced by the use of digital inputs, including digital technologies, digital infrastructure, digital services and data.

14. a. Did you apply new digital technology in your business in Q3-2024? *

15. a. Are you planning to diversify your business to new international markets in Q4-2024? *

16. How is your business addressing the challenge of talent acquisition and retention, especially in light of recent shifts in remote and hybrid work preferences? (please check several options if applicable) *

Increasing employee benefits and compensation
Offering more flexible work arrangements (remote/hybrid)
Focusing on employee training and development programs
Investing in workplace technology to enhance productivity and collaboration
Hiring international talent or outsourcing
Implementing new employee engagement and retention strategies
No significant changes to talent acquisition/retention strategies

18. Do you have any general or specific comments you would like to share with Dubai Chambers about further support to the business communities?

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Dubai Quarterly Business Survey

Respondent Information:

Company Information

General Business Performance

Impediments and Opportunities