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Dubai’s Emaar Malls records $291mn profit in 9 months

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Dubai-based Emaar Malls has registered a net profit of Dh1.07 billion ($291 million) during the first nine months of 2021, recording an 83 per cent increase in year-on-year profits.

The mega-retailer’s revenue also climbed by 28 per cent to Dh3.191 billion ($869 million) from the corresponding period in 2020.

Emaar Malls reported a third-quarter net profit of Dh448 million and Dh1.143 billion in revenue. It saw profits increase 47 per cent compared to the second quarter of 2021.

Emaar Malls’ e-commerce fashion and lifestyle platform, Namshi, recorded sales of $87 million during the last three months.

Meanwhile, occupancy levels across Emaar Malls’ assets, including Souk Al Bahar, Dubai Marina Mall, The Dubai Mall, Gold & Diamond Park, and the Community Retail Centres, remained 91 per cent during July-September.

As Emaar Malls continues to chart a course of recovery from the economic impact of the coronavirus, it has implemented additional programmes like Zabeel Sports District on the rooftop of The Dubai Mall.

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UAE motorist alert: Abu Dhabi announces new toll gates on major highways

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Motorists travelling across Abu Dhabi may soon notice a shift in how road tolls are applied, as the emirate quietly expands its Darb toll system beyond island entry points to major highways.

New toll gates have been installed in strategic locations such as Ghantoot along the busy Dubai–Abu Dhabi corridor and in the Al Qurm area. While the structures are visible and clearly marked, authorities have confirmed they are not yet operational and are currently undergoing testing.

The move signals a broader approach to traffic management, aiming to ease congestion and improve flow on some of the UAE’s busiest routes. Unlike the earlier system focused on bridge access to Abu Dhabi Island, the expansion hints at a more comprehensive, network-wide tolling strategy.

For now, motorists are advised to stay updated through official channels and ensure their vehicles are registered on the TAMM platform to avoid penalties once the system goes live.

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Dubai’s senior citizens just got a new social hub: Thukher Club opens in Al Khawaneej

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Dubai is making sure its senior citizens are living their best lives. Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, a brand-new branch of the Thukher Club has officially opened its doors in Al Khawaneej.

This isn’t just a community centre, it’s a high-tech, high-heart hub designed to keep seniors right at the centre of the action. Supervised by the Community Development Authority (CDA), the club is all about recognising that wisdom doesn’t retire, it just finds a better place to hang out.

What’s inside the new Al Khawaneej branch

  • Integrated facilities: Think workshop halls, social lounges, and spaces dedicated to health and fitness.
  • Generational knowledge: The club acts as a bridge where seniors can share their massive life experiences with younger generations.
  • Wellness first: From sports to cultural programmes, the focus is on staying active, healthy, and connected.
  • Group effort: This isn’t a solo mission. The CDA teamed up with heavy hitters like Dubai Police, Dubai Health, and Dubai Municipality to make sure the services are top-tier.

Hessa bint Essa Buhumaid, Director General of the CDA, highlighted that this move is part of the Dubai Social Agenda 33. The goal? To make the family the ‘Foundation of the Nation’ and ensure Dubai remains the best city in the world to live in, no matter your age.

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Extra cash for more families as UAE extends support to 2040

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Good news for Emirati families. The UAE just levelled up the Nafis programme, and it’s looking like a major win for those working in the private sector. In a move that basically says “we’ve got your back for the long haul,””the government has officially extended the initiative all the way to 2040.

So, what’s actually changing? The big headline is a new salary support package of up to Dh 3,000. This boost is specifically aimed at the children of Emirati women and the wives of Emirati citizens working in private firms. To get in on this, there’s a minimum salary threshold of Dh 6,000, making sure the support hits where it’s needed most.

But wait, there’s more. Remember the cap on child allowances? Yeah, that’s gone. The government has scrapped the limit on how many children can benefit, meaning bigger families get bigger support.

Mark your calendars:

  • New Beneficiaries: You’ll start seeing the impact in early September.
  • Existing Beneficiaries: Don’t worry, you aren’t being left out. The updates will roll out for you via a phased implementation over the next three years.

This initiative was officially announced by Sheikh Mansour bin Zayed Al Nahyan. It’s all part of a grand plan to make the private sector the ‘place to be’ for Emiratis for decades to come.

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