Dubai Media City was established in January 2001 to create an integrated media hub in Dubai. The intention was to create a dynamic, creative environment that would promote Dubai in international media. More details about what makes this region so profitable, including its history, what draws investors there, activities to do, the media outlets it has, and places to visit in Dubai Media City, are now provided on great Dubai.
About Dubai Media City
DMC, which is owned by Dubai Holding, was created to solidify Dubai’s position in the media sector. Some of the most renowned broadcasting, production, advertising, internet media, publishing, and journalism organizations in the Arabian Gulf and the rest of the globe have their headquarters here. Dubai has received the necessary media exposure thanks to DMC’s inclusion in a global media network. Also based in Dubai Media City is the International Cricket Council (ICC), which oversees cricket worldwide.
What attracts investors to Dubai Media City?
In essence, Dubai Media City is one of the numerous tax-free zones created to support the expansion of various business types. The fact that this region is a free zone in Dubai is what attracts investors there. This indicates that it has its independent authority, the Free Zone Authority (FZA), which offers tax breaks to international companies. Dubai Technology and Media Free Zone, formerly known as Dubai Creative Clusters Authority (DCCA), oversees DMC (DTMFZ). Companies in DMC are exempt from paying corporate taxes, although onshore companies in Dubai do so according to their particular industries. These tax breaks are available to enterprises in Dubai Media City:
- 50 years without corporate or personal taxes (licensees can get this exemption renewed).
- There is no tax on repatriated profits.
- There is no customs duty on imported items.
- Returned capital is not subject to tax.
Full ownership is available to foreign investors in Dubai Media City businesses. However, the UAE signed several double-taxation agreements that provide exemptions to investors from the USA, UK, and other nations since some investors were having trouble paying taxes in their home countries on money and profits that were repatriated.
Corporate Segments in Dubai Media City
In Dubai Media City, a variety of corporate sectors are now active. Media broadcasters, film and television production, printing and publishing, marketing, and digital media enterprises are a few of these. They also include news and information organizations and multi-media software companies. This not only helped the economy but also opened up many job opportunities in Dubai Media City. To further simplify the company establishment process, the fundamental infrastructure architecture, including fiber optic connections, had already been established. For DMC-based businesses, operational and immigration requirements have also been loosened.
Dubai Media City’s Additional Activities
In this neighborhood, a lot is going on! There are always things to do in Dubai Media City, from events to restaurants, hotels, and theatres.
Amphitheater in Dubai Media City
The Dubai Media City Amphitheatre, a well-liked outdoor location for both national and international concerts, has a maximum seating capacity of 15,000 people. It is renowned for being one of the top locations for outdoor concerts. The Stone Roses, JLo, John Legend, Ed Sheeran, and Lionel Richie have all performed at the amphitheater in the past. This location most recently hosted the annual Emirates Airline Jazz Festival for three nights in March.
This amphitheater not only hosts musical performances but also exhibitions, award ceremonies, and food festivals. The DMC Amphitheatre is close to Dubai Marina and Jumeirah. If you intend to go there, be sure to go at night to feel the magic of the stars.
Cafés and Restaurant
While visiting Dubai Media City, are you famished? There are plenty of restaurants and cafés in Dubai Media City, so don’t worry. On Al Sufouh Road, there is a restaurant called Urban Bistro. It has a café, deli, and an outdoor patio where you can eat lunch or a snack.
Italian food is available at the Certo Italian Restaurant at the Radisson Blu Hotel, which is close to Urban Bistro. For lovers of Thai cuisine, Little Bangkok Urban Thai Cuisine in Business Central Tower on Sheikh Zayed Road is accessible by car.
Dubai Media City Events
Little Mix, Liam Payne, and Rita Ora staged a concert called “The Assembly” on March 23 to honor teachers all across the world on the day of the award ceremony for the Global Teacher Prize.
Entrepreneur Heather Kenyon will speak about women’s contributions to the global workforce at an event sponsored by Startup Grind on Tuesday, March 26.
The Amphitheatre will host a live performance by Egyptian singer Amr Diab on Thursday, March 28.
Hotels in Dubai Media City
You’ll be seeking accommodations if you’re on vacation at Dubai Media City. To keep you covered, this neighborhood has a lot of hotels:
A 4-star hotel called Media One Hotel can be found 10 kilometers from the Mall of the Emirates. It offers a rooftop bar, a Mediterranean restaurant, a patio, steam and sauna rooms, and an outdoor pool.
The 4-star Radisson Blu Hotel features two pools, a spa, and contemporary sitting areas. It is two kilometers from Dubai Marina and offers a variety of eating options, including an Italian restaurant and a terrace by the pool. You can use the hotel’s exclusive beach club as well.
Dubai Media City houses key media outlets.
There are offices here for some well-known worldwide media outlets, including CNBC, CNN, BBC, MBC, Reuters, Channel One, Showtime, and OSN. In addition to these, Dubai Media City is home to the offices of numerous well-known publications, including Laylina and Siddi.
Depending on the type of license needed to establish a business in Dubai Media City, different license fees apply. A licensee can obtain either of these license types to register in DMC:
- Internet publishing
- music and entertainment news agency
- marketing and media services
- management or distribution of movies
- radio or TV broadcasting
As shown by the amphitheater, restaurants, and hotels there, DMC is popular with tourists as well as investors. Investors might think about leasing space in Dubai Media City.