There is no doubt that life in the UAE can be expensive. But a cabinet meeting took place last night, looking to change that.
A number of initiatives were put in place, following directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, seeking to reduce the cost of doing business in Dubai and aiming to stimulate economic growth by reducing or cancelling various government fees.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, announced the changes on Twitter.
Fees for commercial entities have been halved
According to HH Sheikh Hamdan this is "in order to preserve Dubai's distinctive investment environment on a regional and global level".
A host of aviation fees have been abolished
Buying property has become more affordable
"The real estate sector is an important component of Dubai's economy," HH Sheikh Hamdan said in the Tweet. "We are working to provide the best government services to both investors and developers."
And the big one, school fees have been frozen
This has been done "in order to reduce the financial burden on parents."
Naturally, people have applauded the news on Twitter.
"Good news for students and parents," one follower wrote on Twitter. With another adding, "Wow! Thanks to Sir for this generous gesture, this is a master stroke and will definitely help the families . Education is becoming expensive nowadays, it’s important to make it affordable Thanks".