Dubai Media City (DMC)
DDubai Media City (DMC) has grown into a thriving business community, hosting both global and regional media companies. Aligned with the vision to establish Dubai as a center for communications and a media hub for the region, DMC offers an environment for media companies and individuals to operate with collective synergy and freedom. Additionally, it provides free zone benefits, including 100% business ownership, tax-free income, and value-added services such as networking opportunities, venue management services, industry-building programs, and government services.
Media Business Centres
DMC’s Media Business Centres have significantly promoted talent and entrepreneurship in the region. These unique facilities target freelancers and independent media professionals. Consequently, freelancers find the Centres an ideal base to gain visibility and build relationships within the media industry.
Market Growth
The Entertainment & Media (E&M) market in the MENA region is experiencing the highest growth compared to global markets. The MENA E&M market is forecasted to grow at a 16.5% compound annual growth rate (CAGR) over the next five years. Furthermore, surrounding markets such as Turkey and India also have high E&M market growth rates. As a result, these three leading global markets will grow at a higher rate than North American and European markets.
Youth and Digital Migration
The age distribution in the Middle East, especially in the GCC countries, is heavily skewed towards the youth segment. On average, 60% of the population in the GCC countries is below 35. With a young population and increasing broadband penetration in the MENA region, digital migration will accelerate in the coming years. Consequently, analysts project broadband household penetration levels in the MENA region will increase from 18.5% in 2010 to 38.5% in 2014. Similarly, they expect Internet household penetration levels to rise from 39.7% in 2010 to 64.3% in 2014. This trend will drive the growth of the digital media sector, with new developments in Arabic online content, online advertising, social media platforms, and mobile applications.
Key Players and Business Ecosystem
Leading international and regional players have chosen Dubai as their regional hub for expanding their business in the Middle East and North Africa (MENA) region. A fundamental component of the media ecosystem is the ability to secure key players in the industry to connect with various businesses across the value chain. Since its launch in 2001, Dubai Media City has hosted more than 1,400 companies.
Prime Location
Dubai Media City is set in the heart of “New Dubai,” with the Marina district to the west, Palm Jumeirah to the north, and Sheikh Zayed Road to the south. The site is accessible via Al Sufouh Road or Exit 32 from Sheikh Zayed Road. The zone includes over 20 buildings offering premium commercial real estate products in low-rise, mid-rise, and high-rise categories.
- Commercial Offices
- Boutique Villas
- Business Centre
Company Registration
Dubai Technology & Media Free Zone Authority (DTMFZA) manages the establishment and registration of companies in DMC. Therefore, setting up a company in DMC is straightforward and efficient.
Conclusion
Dubai Media City continues to be a leading hub for media companies in the MENA region, offering a robust infrastructure, strategic location, and a vibrant business ecosystem. In summary, join the thriving community at DMC and leverage the numerous opportunities for growth and innovation.
Get more information about Dubai Media City here
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