ABU DHABI - 30JUL2011 - People shopping for Ramadan at Lulu Hyper Market at Al Wahda Mall in Abu Dhabi. Ravindranath K / The National
A night market is set to launch in Dubai this Ramadan. Ravindranath K / The National

Ten nights of souk shopping at Dubai night market



A night market is to be launched in Dubai during Ramadan with retailers from around the region selling a variety of quirky products and speciality foods.

The Ramadan Night Market will host up to 300 independent retailers over 10 days from 8pm to 3am in the Dubai World Trade Centre, alongside the Majlis tent, Modhesh World and the Sports World complex.

“It’s going to be a hustling, bustling place,” said Sunil Jaiswal, the chief executive of Sumansa Exhibitions, the organiser of the event. “It’s going to be a different shopping experience than going to a mall.” The market will have a number of different categories of retail, including food from around the world, garments, accessories, electronics and health and beauty items.

The organisers expect 2,000 visitors per day and have already received requests from retailers that would enable the available space to be filled twice over.

“We are targeting retailers from the Middle East and further afield because a lot look at this as a good opportunity to come to Dubai when spending is high,” said Mr Jaiswal.

So far, the organisers have had interest from retailers in the Gulf and the Indian subcontinent. All the retailers are small to medium-sized businesses, selling from stalls, Mr Jaiswal said.

Spending on gifts often increases during Ramadan as shoppers buy presents for loved ones ahead of the Eid Al Fitr celebration at the end of Ramadan.

The night market is expected to attract customers looking for a bargain or for something out of the ordinary.

“My gut feeling is that it’s going to be the prices that draw people in and the bargains that are available,” said Mr Jaiswal.

“There’s a huge, huge market out there for these kind of retailers.”

The launch of the market comes as retail spending in the UAE is on the increase, with retailers reporting sales growth this year up 15 per cent from a year earlier on the strength of a buoyant market.

New malls are cropping up in Abu Dhabi, and developers are adding space to existing shopping centres in Dubai as confidence grows among local consumers amid rising numbers of visitors coming to the UAE. Retail sales in the Emirates are expected to grow 44 per cent from an estimated Dh124 billion (US$33.7bn) this year to Dh179bn by 2016, according to Business Monitor International, a research consultancy.

It also estimates that tourist arrivals in the UAE will reach 12.5 million this year, up 7 per cent on last year. “Dubai has definitely turned a corner. It’s an internationally renowned city,” said Mr Jaiswal.

Sumansa hopes to offer a large area of space to local small and medium-sized businesses that can win new local customers and gain repeat business after the show.

“I really want to offer this to the local businesses here,” said Mr Jaiswal. “We feel there’s a very strong market here.”

Sumansa, established in 2006, helps to run exhibitions in several locations including the UAE, the United Kingdom, South Africa, Singapore and Hong Kong. The events organiser’s flagship exhibition is the Indian Property Show in the Dubai World Trade Centre.

“There will be a number of events at DWT,” said Mr Jaiswal.

“It’s going to be a place to go, and we will begin marketing to bring people in.”

twitter: Follow and share our breaking business news. Follow us

iPad users can follow our twitterfeed via Flipboard - just search for Ind_Insights on the app.

Five expert hiking tips
  • Always check the weather forecast before setting off
  • Make sure you have plenty of water
  • Set off early to avoid sudden weather changes in the afternoon
  • Wear appropriate clothing and footwear
  • Take your litter home with you
Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

What are the GCSE grade equivalents?
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

SPECS: Polestar 3

Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September

The specs

Engine: 2-litre 4-cylinder
Power: 153hp at 6,000rpm
Torque: 200Nm at 4,000rpm
Transmission: 6-speed auto
Fuel consumption: 6.3L/100km
Price: Dh106,900
On sale: now

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

The specs: Taycan Turbo GT

Engine: Dual synchronous electric motors
Power: 1,108hp
Torque: 1,340Nm
Transmission: Single-speed automatic (front axle); two-speed transmission (rear axle)
Touring range: 488-560km
Price: From Dh928,400
On sale: Orders open

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

SPECS

Engine: 2-litre 4-cylinder petrol (V Class); electric motor with 60kW or 90kW powerpack (EQV)
Power: 233hp (V Class, best option); 204hp (EQV, best option)
Torque: 350Nm (V Class, best option); TBA (EQV)
On sale: Mid-2024
Price: TBA

SPECS

Engine: Supercharged 3.5-litre V6
Power: 400hp
Torque: 430Nm
On sale: Now
Price: From Dh450,000

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

AIR

Director: Ben Affleck

Stars: Matt Damon, Jason Bateman, Ben Affleck, Viola Davis

Rating: 4/5

THE SPECS

Engine: 1.6-litre turbo

Transmission: six-speed automatic

Power: 165hp

Torque: 240Nm

Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)

On sale: Now

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

'Ashkal'

Director: Youssef Chebbi

Stars: Fatma Oussaifi and Mohamed Houcine Grayaa

Rating: 4/5

Kill Bill Volume 1

Director: Quentin Tarantino
Stars: Uma Thurman, David Carradine and Michael Madsen
Rating: 4.5/5

The specs

Engine: Single front-axle electric motor
Power: 218hp
Torque: 330Nm
Transmission: Single-speed automatic
Max touring range: 402km (claimed)
Price: From Dh215,000 (estimate)
On sale: September

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

Company+Profile

Name:+Thndr
Started:+2019
Co-founders:+Ahmad+Hammouda+and+Seif+Amr
Sector:+FinTech
Headquarters:+Egypt
UAE+base:+Hub71,+Abu+Dhabi
Current+number+of+staff:+More+than+150
Funds+raised:+$22+million+

Results

6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m

Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer)

6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m

Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor

7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m

Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer

7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m

Winner: Desert Fire, Hector Crouch, Saeed bin Suroor

8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m

Winner: Naval Crown, William Buick, Charlie Appleby

8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m

Winner: Al Tariq, Pat Dobbs, Doug Watsons

9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m

Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor

While you're here
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option

Price: From Dh79,600

On sale: Now

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

UAE currency: the story behind the money in your pockets
Sam Smith

Where: du Arena, Abu Dhabi

When: Saturday November 24

Rating: 4/5

The specs

Engine:+1.5-litre+turbo

Power:+181hp

Torque:+230Nm

Transmission:+6-speed+automatic

Starting+price:+Dh79,000

On+sale:+Now