Alcohol rules again loosen as Dubai seeks economic recovery

The sales also serve as a major tax revenue source for Dubai’s Al Maktoum ruling family.

Amid the lockdown, Dubai’s two major alcohol distributors began legal home deliveries of alcohol for the first time in hopes of boosting the sales. Now, the city-state has changed the very system granting permission to residents to legally purchase alcohol. An application no longer requires an employer’s permission. Previously, employers could block non-Muslims from obtaining a card even if an employee qualified for it — which happened for some expats working for Emirati companies whose owners had religious objections to alcohol.Purchase restrictions based on salaries also have been eased. Previously, residents would get around those restrictions by traveling to five of the other seven sheikhdoms that make up the UAE.

There have been signs of a tentative and slight recovery starting to take hold. In July, Dubai’s non-oil sector saw its first improvement in five months, according to a monthly survey by IHS Markit and Emirates NBD bank. But that appeared driven by deep cuts in price discounts, particularly in travel and tourism, the report said.

Dubai’s biggest private real estate company, DAMAC, which operates President Donald Trump’s eponymous golf club in the UAE, just reported a net loss of $105 million for the first half of 2020. The company’s chairman, Hussain Sajwani, blamed the pandemic for the poor results. Rental listings have risen by 11% in Dubai as over 45,000 new residential units have entered the already soft market, according to REIDIN Data and Analytics, which tracks the market. Another 120,000 units are expected to come into the market in the next two years, further pushing down prices, REIDIN said.

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