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. We request you to spend 7 minutes in answering the questions herein.

Respondent Information:

Company Name *

Respondent Name

Designation

Contact Number

Email Address *

General Business Performance

9. Compared to Quarter 1 (Jan-Mar 2023), how do you expect the general business climate to change in Dubai in Quarter 2 (Apr-Jun 2023)? *

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

10. Please indicate your approximate total sales in Q1 (Jan-Mar 2023)?

11. What are your sales expectations for Q2 (Apr-Jun 2023) relative to Q1 (Jan-Mar 2023)? *

Increase
No Change
Decrease

Impediments and Opportunities

12. What are the top 3 sector-specific challenges your business is facing and what are your suggestion/best practices to resolve these challenges?

Challenge 1:

Suggestion/best practices 1:

Challenge 2:

Suggestion/best practices 2:

Challenge 3:

Suggestion/best practices 3:

13. Please rate the impact of the following factors on your business in Quarter 1 (Jan-Mar 2023).

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. Finding skilled Emirati labor *

Positive
Negative
Neutral
Not sure / Don't know

v. Availability of raw materials *

Positive
Negative
Neutral
Not sure / Don't know

vi. Inter Emirates transportation/Land transport cost *

Positive
Negative
Neutral
Not sure / Don't know

vii. Competition *

Positive
Negative
Neutral
Not sure / Don't know

viii. Unlicensed businesses' operation *

Positive
Negative
Neutral
Not sure / Don't know

b. Financial issues

i. Delay in payment *

Positive
Negative
Neutral
Not sure / Don't know

ii. Access to credit *

Positive
Negative
Neutral
Not sure / Don't know

iii. Change in interest rates *

Positive
Negative
Neutral
Not sure / Don't know

iv. Opening new bank account *

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. Customs inspection time and documentation *

Positive
Negative
Neutral
Not sure / Don't know

v. Cost of compliance to regulations *

Positive
Negative
Neutral
Not sure / Don't know

vi. 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. Price level of energy/fuel *

Positive
Negative
Neutral
Not sure / Don't know

v. Recently signed trade deals with India and Israel *

Positive
Negative
Neutral
Not sure / Don't know

vi. Global slowdown *

Positive
Negative
Neutral
Not sure / Don't know

Other factors not listed above, please specify:

14. Which of the following actions are you planning to take in Q2-2023 to increase sales and reduce cost?

a. Cost

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

Action planned in Q2-2023
No action planned in Q2-2023

ii. Reduce salary *

Action planned in Q2-2023
No action planned in Q2-2023

iii. Reduce labor capacity *

Action planned in Q2-2023
No action planned in Q2-2023

iv. Review or changing suppliers *

Action planned in Q2-2023
No action planned in Q2-2023

b. Revenue

i. Increase sale price *

Action planned in Q2-2023
No action planned in Q2-2023

ii. Increase production capacity *

Action planned in Q2-2023
No action planned in Q2-2023

iii. Diversification of products/services *

Action planned in Q2-2023
No action planned in Q2-2023

iv. Access to additional capital *

Action planned in Q2-2023
No action planned in Q2-2023

v. Increase digital advertisement budget *

Action planned in Q2-2023
No action planned in Q2-2023

Other factors not listed above, please specify:

15. a. Did you apply new digital technology** in your business in Q1-2023? *

**Digital technology refers to the use of advanced information and communication technology to collect, store, analyze and share physical information and market information in each link of the product value chain, providing important technical support for innovation in various fields

16. a. Are you planning to diversify your business to new international markets in Q2-2023? *

17. 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