A guide to Dubai Multi Commodities Centre (DMCC)
The Dubai Multi Commodities Centre, or DMCC, is one of the largest free-trade zones in the country. Established in 2002, it is a central hub for trading commodities across various sectors, including precious metals, diamonds, energy products, steel and agricultural goods. Moreover, the Investment Corporation of Dubai took on its role as DMCC’s parent company in 2020, further reinforcing its position as a key player in Dubai’s economic landscape.
All About Dubai Multi Commodities Centre (DMCC)
In 2002, the Dubai Multi Commodities Centre (DMCC) opened its doors with a clear vision: transform Dubai into a global hub for commodity trading and commerce. This vision has become a reality. Today, DMCC is a powerhouse for Dubai’s economy. In fact, it is responsible for 11% of all foreign direct investment in the emirate.
But Dubai Multi Commodities Centre offers more than just business opportunities. It’s a vibrant and thriving community as well. World-class developments like Jumeirah Lakes Towers and Uptown Dubai are part of DMCC. These bustling hubs provide a perfect environment for over 100,000 people, including professionals, residents and visitors.
For an impressive nine consecutive years, DMCC has been recognised as the world’s leading free zone, solidifying its position as a premier destination for businesses to connect and thrive.
Here are some of the facts about DMCC Dubai Multi Commodities Centre:
- The DMCC Tea Centre handles 33.9 million kilos of tea and 400 million tea bags annually.
- The DMCC Coffee Centre processes 11,500 metric tonnes of green coffee each year.
- DMCC is the master developer and operator of JLT and Uptown Dubai, a two-square-kilometre business and residential community with 87 towers and over 100,000 people.
Lifestyle and Community
Dubai Multi Commodities Centre goes beyond just business. They provide a vibrant community with residential areas, restaurants and leisure facilities, making it attractive for professionals to live and work.
Jumeirah Lake Towers (JLT)
Jumeirah Lake Towers is a large development in Dubai. It’s a mixed-use area with residential towers, offices, shops and hotels built around artificial lakes and parkland. Located near major highways, JLT offers easy access to other parts of Dubai.
The area is divided into 26 lettered clusters (A-Z), each with three high-rise buildings housing apartments, offices and shops. While not a major tourist destination, apartments for rent in JLT are a stone’s throw away from various food and beverage outlets, grocery stores, hotels and other retail outlets.
Uptown Dubai
A jewel in the crown of Dubai Multi Commodities Centre (DMCC), Uptown Dubai is a visionary mixed-use development strategically located in the heart of new Dubai. This smart district will boast seven mid-rise towers alongside two iconic supertalls, including the diamond-shaped centrepiece, Uptown Tower.
Uptown Dubai offers a vibrant mix of elements: high-end office spaces for leading global businesses, a diverse range of retail and dining experiences, luxurious accommodations at the 5-star SO/ Uptown Dubai Hotel, stylish SO/ Uptown Dubai Residences and thoughtfully designed living spaces.
At its centre is The Plaza, a 21,000 sq. m. destination designed to be a vibrant hub for art, culture, dining and entertainment. It will offer a mix of retail stores, restaurants and cafes (with indoor and outdoor seating), art installations, nature-filled spaces, interactive features, and tranquil areas for relaxation and socialising.
Strategically positioned, Uptown JLT Dubai offers its residents and visitors proximity to iconic destinations such as Dubai Marina, Jumeirah Beach, Jumeirah Lake Towers and the Emirates Golf Club.
DMCC’s Business Setup and Support Services
DMCC Business Centre streamlines the setup of your business in Dubai. This includes company formation, registration and licensing processes. Plus, you’ll enjoy the benefits of a free zone, such as 0% corporate tax and 100% foreign ownership.
They even assist companies with obtaining work permits and visas for their employees, making the transition as smooth as possible.
DMCC helps you with the following:
- Setting up a new business
- Opening a branch
- Transferring a business
- Setting up a family office
To ensure the success of your business plan, the DMCC Business Centre offers various business setup packages depending on the size of your company. Not to mention, being a DMCC member comes with its own set of perks and benefits.
In short, imagine a global network of over 24,000 businesses, all in one place. That’s the power of DMCC. With 180+ countries and 900+ activities represented, DMCC isn’t just a business hub; it’s a synonym for endless opportunities.
Fun fact: Over 250 businesses join DMCC companies every month, drawn to the world-class support services and cutting-edge infrastructure it offers!
DMCC: Leading Commodities Trading Hub
Business centres at DMCC provide access to premium trade infrastructure, including storage facilities, logistics support and commodity exchanges.
They cater to industries with dedicated ecosystems for diamonds, gold, energy, technology, etc.
This means businesses can connect with relevant partners and expertise. Furthermore, the Dubai Multi Commodities Centre free zone helps you connect with potential clients and partners across the globe.
Here’s the list of industries that DMCC helps in:
- Agro
- Tea
- Coffee
- Gold
- Diamonds
- Lab-grown diamonds
- Coloured gemstones
- Energy
- Water
- Tech
- Gaming
- Crypto
- AI
- E-commerce
- Sustainability
- Financial services
FAQs About Dubai Multi Commodities Centre
How can I contact DMCC Dubai Multi Commodities Centre?
DMCC office is situated in Uptown Tower in Uptown Dubai.
- Contact: +971-4-424-9600 | +971-60-054-3622
- Fax: +971-4-390-3987
DMCC business centre is open Monday through Friday from 08:00 am to 04:00 pm (08:00 am until 07:00 pm on Saturdays).
What documents do I need to set up a business with Dubai Multi Commodities Centre free zone?
To open a business with DMCC, you’ll need:
- Copy of your passport
- UAE residence visa
- A copy of your Emirates ID (if applicable)
- Proof of residential address in country of residence (a utility bill or bank statement)
What are the advantages of joining DMCC as a member?
Here are some of the benefits you can reap by being one of the DMCC companies:
- Access to 1,000-plus business consultants
- Lucrative commission scheme
- Bonuses for securing long-term licence
- Dedicated training programmes for businesses and partners
- Access to lead submission portal
- Corporate Services Providers (CSP) programme
- Referral benefits
- Networking and events
Is it easy to open a free zone office in Dubai?
If you are considering starting your own business in the city, there are a few things to consider before opening a free zone office in Dubai. These include selecting a name for the company, choosing one of the free zones in Dubai, gathering documents required to open a business, opening a bank account, etc.
This concludes our profile on DMCC—Dubai Multi Commodities Centre. If you want to rent a space for your business, check out these popular areas for renting commercial properties in Dubai. Some notable mentions include Deira, Business Bay, JLT and Dubai Investment Park.
Those looking for residential apartments in the DMCC JLT area should review our guide on the top buildings to buy an apartment in JLT. A few popular choices include New Dubai Gate 1 and 2, Al Waleed Paradise, and Icon Tower 1.
However, before making a decision, it’s best to consider the pros and cons of living in Jumeirah Lake Towers—an informed decision goes a long way!
Setting up a business can be daunting, but consider the top companies in JLT that have successfully overcome any hurdle with the help of DMCC and are now reaping the benefits of their hard work.
For more updates on how to open a business in Dubai or other emirates, subscribe to MyBayut!
