Dubai Studio City is the largest media and entertainment center in the region. Here you can find the biggest sound stages in the region, film sets, water tanks and much more. The registration of a company in this area will be of interest to those who wish to conduct a media business. Let’s look at how to do this, and what are the advantages.
What is Dubai Studio City?
The Dubai Studio City Frizone is classified as a DCCA and provides businessmen with various advantages, for example, office/studio space rental. It is aimed at business in the field of broadcasting, film production, music.
Thanks to the availability of the necessary equipment, you can shoot movies from start to finish in one place. Many working stages are available – from financing and casting to filming in exotic locations and editing sound recordings. Such an area would be an ideal place for a creative person.
Advantages of registering a company in DSC
The zone has available license packages. The retail price is about 15 thousand dirhams (in addition to renting office space). For those who wish to work without a team, there is a freelancer’s permission. Such a package will cost about 25 thousand dirhams. It needs to be renewed annually.
Renting an office space is a prerequisite when you register a company. But a shared office is also suitable for this purpose – an option for those who do not need a permanent one.
The package with a freelance work permit already includes access to a shared desktop and office equipment.
The opportunity to work among the best
After registering a company, you will be able to work with large studios in the Middle East among famous companies. For example, BBC, CNN and others.
Opportunity to obtain UAE resident visas
If you register a company in this zone, you can get a certain number of UAE resident visas. The maximum is not set – the amount depends on the size of the office space. More often it is allowed to get 1 visa per 8 m2.
Ability to sponsor dependents
In the Dubai Studio City zone, you can get visas for yourself, employees and your dependents. For example, for a wife, child or household staff.
Low audit requirements
There is only one requirement for an audit – since 2018, registered companies conduct it every year.
Opening a company in Dubai Studio City
In addition to the global infrastructure, there are also advantages of opening a company in this zone.
What you get:
- 100% foreign ownership;
- personal profit and capital management;
- exemption from tax payments for 50 years;
- exemption from customs duties on services and goods.
Which companies can be opened?
Available types of companies to open:
- FZ-LLC (New Incorporation of a Free Zone Limited Liability Company).
- A branch of a foreign or local company.
- Permission to work as a freelancer.
Types of licenses in Dubai Studio City
The DSC issues licenses for:
- TV broadcasting.
- Radio broadcasting.
- Broadcasting services and its support.
- Radio/film production and support services.
- Music and entertainment.
- Themed entertainment services.
- Work as a freelancer.
There is also a general license, which can include a variety of services – from consultations, service to leisure and real estate services.
The minimum amount of authorized capital for FZ-LLC companies is 50 thousand dirhams. For companies with TV broadcasting and radio broadcasting services (except IP broadcasting), it will amount to 2,500,000 dirhams. If you have a branch, the authorized capital is not required. Registration takes from 2 to 3 weeks.
Restrictions on company registration
During the registration process, you must provide a letter confirming the absence of objections from the employer in the UAE (if any). For other shareholders, it is not necessary.
The entrepreneurial environment of the free zone attracts attention and helps to develop the business.
The free zone offers individual offices that will create not only a creative atmosphere for business growth, but also comfortable conditions.
The largest media companies in the regions are located on the territory, which reveal the creative potential. Boutique studios are suitable for TV stations and production companies: offices have adjacent studios, thanks to which you can rent the entire building – with a basement and two other floors.
in5 Centers is a platform that was created specifically for entrepreneurs and startups. It helps them promote business ideas using tools such as:
- creative space;
- training programs;
- access to investors.
Also, within the framework of the offer, there is a business incubation program, rental of premises, equipment.
The work is carried out in one of the 3 centers:
- in5 Tech. The main goal is to help aspiring businessmen in the implementation of revolutionary ideas. Available: workspace, technical equipment.
- in5 Media. The main goal is to create content, a creative product. Available: work space, equipment, cinema halls, installation kits.
- in5 Design. The main goal is to help beginners in the field of design. Available: workspace, prototyping laboratory.
There are also premises for those who plan to develop a retail business. More than 2,800 professionals work in the growing community.
In the free zone there are strategic multi-purpose enterprises in the field of light industry. They will help you expand your business with ready-made infrastructure and first-class construction standards.
- Dubai Production City – 7500-13800 sq. m.feet.
- Dubai Science Park – 5000-6000 sq. ft.
- There are fire protection systems.
- Mezzanine office.
- Round-the-clock security.
- There is a parking and loading area, service roads for heavy trucks, forklifts.
If your goal is to optimize logistics, then strategic multipurpose warehouses of frizone will come to the rescue. Their advantages:
- They can accommodate 5000-11000 sq. ft.
- They have internal lighting.
- Give the opportunity to join several units at once.
- They have office premises, trade exhibition halls.
- Suitable for simple production, logistics, storage;
- They have a 6x6m sliding entrance door, modern fire protection, round-the-clock security.
There are 3 types of sound scenes available:
In addition to modern equipment, sound stages have offices, listening spaces, dressing rooms.
How to become a freelancer in this zone
To become a freelancer in this zone means to immerse yourself in a stimulating workflow with a flexible space. You will get not only a free place to work, but also access to privileges, social events, and Prof. services.
To become a freelancer, you need:
- Get login details.
- Log in to the portal.
- Submit an application.
- To pay.
Real estate in Dubai Studio City
All commercial and residential real estate in the district is divided into:
- Glitz 1 – multifunctional building with 146 residential and 5 commercial units, which are located on 8 floors. Of the apartments there are studios, one-, two-room apartments. On the ground floor there are retail spaces that are rented out.
- Glitz 2 – the building has 146 apartments. There are also several commercial units on the 1st floor.
- Glitz 3 – includes 352 apartments with studios and apartments for 1,2,3 bedrooms. There are 6 shopping boutiques on the 1st floor. The project is distinguished by the presence of a party hall and a children’s playground.
There is a swimming pool on the roof of all three buildings.
The rental price depends on the date of construction, the covered area, the floor. Apartments with panoramic views will cost more. A studio can be rented for 25-34 thousand, a 1-room apartment for 35-40 thousand, a 2-room apartment from 55 thousand, a 3-room apartment from 70 thousand dirhams. The cost of the annual rent of the store is 100 000 dirhams.
The cost of buying a home:
- Studio – 340 000-416 000 dirhams.
- 1–bedroom apartment – 490,000-700,000 dirhams.
- An apartment with 2 rooms – an average of 877,000 dirhams.
- Apartment with 3 bedrooms – 1 million dirhams.
- Residential area – 4.7-9.9 million dirhams.
Return on investment
Apartments with 3 rooms are considered the most profitable. Their profitability is 7.5%. Studios and apartments with 1 room will bring rental income of 6.3% and 6.9%. If you invest in a 2-room apartment, the income will be at least 6%.
The most popular buildings
According to Bayut statistics, the most popular buildings are:
- The Glitz residential complex is a cluster of 3 low-rise buildings.
- Samana Golf Avenue.
- Olivara Residences.
- Studio 101.
- AZIZI Mirage 1.
Life in the area
In addition to working moments, the area is known for its upscale life.
There are several hotels in the suburbs and near the district. The most famous:
- Studio One Hotel: 141 rooms, modern furniture, Wi-Fi, work desk and much more. It is a 3-minute drive away.
- Park Inn by Radisson Dubai Motor City: 146 rooms and suites, first-class amenities, rooftop pool, 4 conference halls with a capacity of up to 200 people. Located a 6-minute drive away.
Transport and parking spaces
The area provides plenty of parking spaces. A resident can park a car at the reserved place, and a visitor can use paid parking.
For those who prefer public transport, the nearest Dubai Internet City Metro Station is a 10-minute drive from the area. There are also 2 bus stops.
In the free zone there are many supermarkets where you can go every day for groceries. Nearest: Spar Express in Glitz 1 and Blue Mart Studio City Supermarket.
Churches, temples and mosques
There are no temples, churches and mosques on the territory of the district. You can meet them in a 15-minute drive. For example, one of them is the Hindu temple of Guru Darbar.
Schools and universities
- GEMS Metropole in Motor City with a British curriculum.
- Ranches in Arabian Ranches 2 with an English curriculum.
- Jumeirah English-language school.
There are universities in the International Academic Campus (DIAC) and the Knowledge Park: UOWD and American University in Dubai.
Clinics and hospitals
Residents of Arizona can apply to polyclinics and hospitals that are located in neighboring areas. 7 minutes away: Medcentres and HMC Medical Centre in Motor City. These are multidisciplinary centers with a variety of services: dentistry, gynecology, pediatrics and others.
The following areas are close to Dubai Studio City:
- To the north is Motor City.
- To the south is the cottage village of DAMAC Hills.
- To the east – Arabian Ranches.
- To the west is Dubai Sports City.
The nearest shopping center for Studio City residents is First Avenue. It is located in Motor City and includes more than 50 retail stores, 15 restaurants and bars, the Park Inn by Radisson hotel. Another popular shopping center near the district is considered to be the City Centre Me’aisem with high-class street fashion stores, a large hypermarket, a clinic in the composition.
Residents of this zone can try many cuisines. There are various restaurants here – from pizzerias and sandwich eateries to the best Mexican ones. The most popular are:
- Freedom Pizza.
- Taqado Mexican Kitchen.
- Patiala House.
- The MAINE Street Eatery.
Several popular beaches for recreation are located 15-20 minutes away. For example, Jumeirah Beach and Al Sufouh Beach.
Entertainment events and famous attractions
The free zone is located near popular Dubai cinemas, for example, Vox Cinema, Roxy Cinemas, JBR and Reel Cinemas.
If you decide to take your mind off the screens, then a visit to the world’s largest flower garden Dubai Miracle Garden will be an excellent option. It has a trampoline park and a butterfly garden.
For sports lovers, the Dubai Autodrom is suitable, where you can drive and visit laser tag.
Active recreation, fitness and beauty
Some Studio City buildings have rooftop pools and golf courses. On the territory there is a park for walking, a children’s playground.
For fitness enthusiasts, there are gyms, for example, the central Optimal Fitness.
As for beauty salons, Amber Beauty Salon and Gladys are considered the most popular. There is also a salon for men – Volume Gents.
Entertainment events are constantly held in Dubai Studio City. For example, in 2018, one of them was dedicated to the legacy of UAE filmmaking – Unique Film Simulation Event. They also held contests for content creators, and more recently announced the launch of the CineMena platform for the development of local talents. The annual program of the event will consist of seminars, master classes and trainings from influential directors and actors.