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Second-Biggest Arab Economy Quickens Steps to Boost Growth

  • Dubai reduces levies, freezes private school fees for a year
  • Steps follow three-year stimulus package by Abu Dhabi
Dubai, United Arab Emirates.

Dubai, United Arab Emirates.

Photographer: Christopher Pike/Bloomberg
Updated on

Dubai announced measures aimed at curbing rising costs that have reduced the city’s appeal to expatriates and investors alike.

The Executive Council said Dubai plans to waive some fees on aviation and real estate transactions, freeze school fees, and cut charges levied on businesses, according to a statement posted on the state-run WAM news agency on Wednesday. The measures came on the heels of a decision by Dubai’s larger neighbor, Abu Dhabi, to spend 50 billion dirhams ($13.6 billion) over three years to stimulate growth.