Residents near Dubai Hills Mall have patiently waited as they watch the expansive shopping centre near completion. Now that day is here, as it's been announced that the mall is opening today, Thursday February 17.
It is set to become one of the biggest malls in the UAE when it opens at 10am.
Scroll through the gallery above to see the country's biggest shopping centres.
There is plenty to see and do inside the two-storey mall, which features 600 retail outlets, including internationally renowned brands, plus a Roxy Cinemas outlet, an Adventure Park and an indoor roller coaster that's said to be the fastest of its kind in the world.
It's located in Dubai Hills Estate, the 1,093-hectare development from Emaar that forms part of Mohammed Bin Rashid City.
The mall, which will have 7,000 parking spaces, sits next to Dubai Hills Estate Park and is a short drive from other thriving residential communities such as Arabian Ranches, Town Square Dubai and Damac Hills, and is accessible via Umm Suqeim Street and Al Khail Road.
One of its main attractions is undoubtedly the world's fastest indoor roller coaster, which is called The Storm, and for youngsters, the Adventure Park play area where there are all manner of activities and attractions to keep them entertained, including a slide and trampolines.
On top of the retail stores and entertainment attractions, there are also several food and beverage outlets, as well as a Geant Hypermarket.
Dubai Hills Estate is also home to a water park, skate park and Dubai Hills Golf Club, as well as Kings College Hospital London and supermarkets such as Franprix, Geant and Urban Foods.
A Common Grounds cafe is also scheduled to open within the community soon.
At the mall, retail stores will be open from 10am to 10pm on Sunday to Thursday, with restaurants and cafes open until midnight and Geant Hypermarket open from 9am to midnight.
On Friday and Saturday, shop hours extend slightly until midnight.
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Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
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Killing of Qassem Suleimani
Mubadala World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now
Key Points
- Protests against President Omar Al Bashir enter their sixth day
- Reports of President Bashir's resignation and arrests of senior government officials
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
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Opening day UAE Premiership fixtures, Friday, September 22:
- Dubai Sports City Eagles v Dubai Exiles
- Dubai Hurricanes v Abu Dhabi Saracens
- Jebel Ali Dragons v Abu Dhabi Harlequins
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
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Global state-owned investor ranking by size
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
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- Price: Not announced yet
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Engine: 4-litre V8 twin-turbo
Power: 630hp
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