Announcements

This Dubai mall is set to be the ‘largest’ in the world, Ahli group claims

Published

4 years ago

July 22, 2022

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Dubai is known for the biggest and largest of all kinds – and also for shopping products of all kinds, whether it is fashion, gold, tech, electronics, lifestyle products such as perfumes and cosmetics among others.

The Dubai Mall at the base of the Burj Khalifa, the tallest building in the world, is the largest in the UAE and the wider region but is fifth overall in the world behind other malls – all in Asia – according to this list.

However, the Dubai Mall’s supremacy in the country is at risk from the Dubai Outlet Mall once it opens the doors to its extension in the fourth quarter of this year.

According to the shopping destination, located on the recently expanded Dubai-Al Ain Road, Dubai Outlet Mall (DOM) is close to achieving its major expansion drive. Once known also as the Seconds Mall, the annexe of DOM will bring the total area of the mall to 3.8 million square feet.

Although the DOM claims it will be the largest ‘outlet mall’ not only in the region but in the world, the parameters for that definition is still not established and clear.

Dubai Mall, for instance, is spread over an area of 3.77m square feet. According to Wikipedia, it is the second-largest in the world for total land area behind Iran Mall. It had the second-largest mall opening in retail history behind West Edmonton Mall, when the former opened on November 4, 2008.

Yet, according to gross leasable area standards, the Dubai Mall, built over several storeys with a lot of retail spaces, ranks 26th in the world, tying with West Edmonton Mall and Fashion Island (Bangkok) —both of which are older than it. Dubai Mall has a total retail floor area of 5,400,000 sq ft.

At 3.8m square feet, the currently one-storeyed Dubai Outlet Mall is promising with the expansion to deliver outstanding experiences to customers and boost the country’s retail economy.

Strategically located at the intersection of MBZ & Dubai Bypass & Al Ain Road, DOM is easily accessible to all UAE residents across the seven Emirates and provides a well-structured comprehensive retail mix offering great value from high-end brands to streetwear.

While the extension is wrapping up its leasing phase and gearing up for its upcoming opening, a huge roster of international brands have joined the family of great brands at DOM.

“We are excited to see our list of partnering brands grow with us as we welcome New Balance and Aigner and all of the new brands that have joined us as we realise the vision of re-imagining the world of shopping and retail. I’ll be very excited to announce in due course all of the brands that have signed up for the expansion,” said Mohammed Naser Khammas, chief executive of Al Ahli Group.

– Staff report

Related Topics:biggest Dubai largest Mall Outlet rank shopping world

Staff Reporter

Announcements

Small businesses in the UAE now have tax relief until 2029

Published

16 hours ago

August 7, 2026

Michael Gomes

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Small businesses in the UAE with annual revenues of up to Dh3 million will continue to be eligible for Small Business Relief under the corporate tax regime until the end of 2029.

The Ministry of Finance said on Friday that Ministerial Decision No. 131 extends the period during which eligible businesses can benefit from Small Business Relief to cover tax periods ending on or before December 31, 2029.

The relief was introduced to help reduce the corporate tax compliance burden for smaller businesses and start-ups that meet the eligibility requirements.

Dh3 million threshold remains unchanged

The existing annual revenue threshold of Dh3 million, set under Ministerial Decision No. 73 of 2023, will continue to apply.

The relief applies to tax periods beginning on or after June 1, 2023 and, following the latest amendment, will remain available for subsequent tax periods ending on or before December 31, 2029.

Eligible taxable persons with annual revenue of up to Dh3 million can claim Small Business Relief, subject to meeting the conditions and requirements outlined in the corporate tax legislation.

The relief enables qualifying businesses to benefit from simplified corporate tax compliance requirements.

More time for small businesses

The extension provides eligible small businesses and start-ups with additional tax periods to benefit from the relief while continuing to meet the Dh3 million revenue threshold.

The Ministry said the decision is part of its efforts to support smaller companies and entrepreneurs, strengthen the business environment, and encourage sustainable growth and expansion.

Announcements

August fuel rates announced: UAE petrol prices go up

Published

1 week ago

July 31, 2026

Michael Gomes

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UAE motorists will pay more at the pump from Saturday after the UAE Fuel Price Committee announced higher petrol and diesel prices for August 2026.

The revised rates, which take effect from August 1, are:

Super 98: Dh3.60 per litre (up from Dh3.40)
Special 95: Dh3.49 per litre (up from Dh3.29)
E-Plus 91: Dh3.41 per litre (up from Dh3.21)
Diesel: Dh3.80 per litre (up from Dh3.60)

The increase reverses July’s price reduction and comes after volatility in global oil markets during the past month.

The UAE Fuel Price Committee reviews retail fuel prices at the end of each month, with rates determined in line with movements in international oil markets.

The new prices will remain in effect throughout August 2026.

Announcements

UAE’s Jaywan card can now be used for online shopping on thousands of websites

Published

3 weeks ago

July 21, 2026

Michael Gomes

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Online shopping with the UAE’s Jaywan card just got a major upgrade.

Network International has announced that Jaywan cardholders can now use their cards to pay on thousands of online stores connected to its payment gateway, expanding the domestic payment scheme beyond in-store purchases.

The move is expected to make online payments faster and more convenient while supporting the UAE’s push towards a cashless economy.

What is Jaywan?

Launched by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, Jaywan is the country’s domestic payment card scheme.

It was introduced to provide a secure local payment option, reduce transaction costs and strengthen the UAE’s digital payments ecosystem.

Until now, Jaywan cards were mainly accepted for in-store purchases. With the latest expansion, cardholders can also use them for online shopping across thousands of merchants powered by Network International.

What this means for shoppers

For UAE residents, the update means more flexibility when shopping online.

Whether you’re ordering groceries, booking services or buying products online, you’ll be able to use your Jaywan card anywhere that supports Network International’s payment gateway.

The company says the integration offers secure, fast and seamless online payments, while merchants won’t face additional charges for Jaywan transactions processed through its platform.

A step towards a cashless UAE

The expansion is part of the UAE’s broader strategy to accelerate digital payments and reduce reliance on cash.

By making Jaywan available both in stores and online, payment providers are helping create a more connected digital payment ecosystem for businesses and consumers alike.

As more banks, merchants and payment providers adopt the scheme, residents can expect to see Jaywan accepted across even more everyday payment services in the future.