Consumers often delay buying big-ticket items to take advantage of the sales during Ramadan. Pawan Singh / The National
Consumers often delay buying big-ticket items to take advantage of the sales during Ramadan. Pawan Singh / The National
Consumers often delay buying big-ticket items to take advantage of the sales during Ramadan. Pawan Singh / The National
Consumers often delay buying big-ticket items to take advantage of the sales during Ramadan. Pawan Singh / The National

Ramadan 2021: How to spot the best deals during the holy month


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With scores of malls and thousands of outlets tempting us to part with our cash, the UAE isn't exactly short on opportunities to shop.

But Ramadan and Eid present many retailers with a high profile stage to offer some of their most generous deals, from food to fridges and cars to cabinets.

If you are about to move into a new home or simply seeking to freshen up furniture or replace appliances, it is often a prime time to save copious dirhams.

Rhiannon Downie-Hurst, founder of UAE home lifestyle platform Home Club ME, says consumers can grab up to 70 per cent off selected items during the Holy Month. Photo: Courtesy Home Club ME
Rhiannon Downie-Hurst, founder of UAE home lifestyle platform Home Club ME, says consumers can grab up to 70 per cent off selected items during the Holy Month. Photo: Courtesy Home Club ME

Consumers can grab up to 70 per cent off selected items during the holy month, according to Rhiannon Downie-Hurst, founder of UAE home lifestyle platform Home Club ME.

“Lots of sales and promotions happen during both Ramadan and Eid,” she says.

“Not only that, many home decor brands and furniture stores get creative with interior styling ideas around Ramadan and Eid for dining and entertaining at home.”

Ms Downie-Hurst says hardware chain ACE will be running discounts and promotions of up to 50 per cent on all product categories, including do-it-yourself items, tools, cookware and outdoor furniture.

Lots of sales and promotions happen during both Ramadan and Eid

Carrefour is also among major retailers that will slash prices on items such as essential kitchen appliances and other lines during the season, while luxury furniture brand Marina Home has been known to generously discount many products.

Not surprisingly, then, some households delay major purchases until the Ramadan and Eid offers arrive.

Among them are members of Dirham Stretcher, a Facebook community for people seeking to make their budgets go further.

"We wouldn't be able to say when it started, but Ramadan sales have become an institution to the extent that many people will put off purchasing expensive items knowing that the sales will be on," Dirham Stretcher's administrator Susan Syrek says.

“This is particularly true for cars … they might not necessarily be cheaper but, in addition to financing options, car dealers often add freebies such as free insurance, servicing or extras like window tinting.

“The other stars of Ramadan sales are white goods and appliances, electronics and, of course, food and anything related to food preparation, from pots and pans to ovens.

“Many stores offer genuine and significant savings, and it is these sales we tell our community about.”

Susan Syrek and Selma Abdelhamid, administrators of Facebook group Dirham Stretcher, tell community members about genuine sales that offer significant savings during Ramadan and Eid. Photo: Courtesy Dirham Stretcher
Susan Syrek and Selma Abdelhamid, administrators of Facebook group Dirham Stretcher, tell community members about genuine sales that offer significant savings during Ramadan and Eid. Photo: Courtesy Dirham Stretcher

Ms Syrek and fellow administrator Selma Abdelhamid also recently launched a new website www.sum.ae where they plan to promote particular sales and share the best deals.

“Furniture stores will focus on dining tables and plate sets, while electronic stores will be displaying food processors and other appliances,” says Ms Abdelhamid, who expects more sales to happen online amid the ongoing pandemic.

"We encourage our community to compare prices as the sales are often better online – it's always worth checking and comparing."

The month can prove equally significant for retailers, who experience a rise in trade in certain sectors.

Ashish Panjabi, chief operating officer of Jacky's Electronics and Jacky's Retail, which operates Samsung brand shops, describes the electronics segment as "fairly competitive and busy year-round", but says Ramadan can deliver up to 25 per cent of annual domestic home appliance sales.

“The nature of our offers and promotions typically varies from season to season or when new product launches happen … for Ramadan specifically, the focus tends to move to the kitchen,” Mr Panjabi says.

“We run various promotions and offers on categories such as small kitchen appliances, cookers and freezers.”

Mr Panjabi says an increase in people cooking at home during the pandemic year has lifted “niche categories” like breadmakers or smoothie makers into the mainstream. TVs also sell well, especially as more people are at home and regional networks typically produce tailored programming for Ramadan.

“As we get closer to Eid, we tend to see gifting products sell better and by then, we will have offers across various smartphone brands,” Mr Panjabi says.

“Due to increased volumes during Ramadan for certain categories, we are able to negotiate better pricing with some brands, which we pass on to our customers.

Ashish Panjabi, chief operating officer of Jacky’s Electronics and Jacky’s Retail, says Ramadan can deliver up to 25 per cent of annual domestic home appliance sales. Photo: Courtesy Jacky's
Ashish Panjabi, chief operating officer of Jacky’s Electronics and Jacky’s Retail, says Ramadan can deliver up to 25 per cent of annual domestic home appliance sales. Photo: Courtesy Jacky's

“That said, the challenge in the last year has also been in terms of ensuring a steady supply chain – many factories have been disrupted by the pandemic, while at the same time demand has shot up as people spend more time at home.”

That said, many physical and e-commerce brands will view Ramadan and Eid as important for sales and will look to entice customers where they can.

“Being a retailer today is about being where our customer is,” Mr Panjabi adds.

Due to increased volumes during Ramadan for certain categories, we are able to negotiate better pricing with some brands, which we pass on to our customers.

“To this end, we need to be present in the malls that they visit or online. We are planning for Ramadan thinking of all these sales channels together and planning our offers accordingly.”

Shruthi Nair, executive editor of retail business intelligence platform Images RetailME, says Ramadan has always been a “brilliant marketing opportunity” for retailers to be aggressive with their campaigns and promotions across all channels.

“Traditionally, the targeted, feel-good, socially conscious campaigns have resulted in brands building lasting relationships with their customers, provided they get the messaging right,” she says.

"However, it's not just brand awareness and reach that sees a surge during the holy month, but conversion rates also spike drastically, especially during the second half of Ramadan."

Ms Nair says desktop and mobile sales in this region have always been high, but are expected to be higher "given 'stay-at-home' continues to be the norm" with more people downloading apps, increasing purchases – after sunset – and actively participating in contests and promotions.

“For a retailer, this is also a period where man management, stock management, operations management and cash-flow management will all be put to test,” Ms Nair says. She adds that retailers must also be mindful that customers are going to be bargain-hunting, so should avoid “over-promotions”.

"Balance is key, so every scheme they plan needs to be formulated such that business continuity can be maintained and the months after Ramadan aren't a struggle for them because, after 2020, they can't quite afford another big blow."

So what other seasonal offers should we look out for?

Home Club ME’s Ms Downie-Hurst says kitchen, furniture and bathroom wrap company Creative Wrap could be running their first Ramadan promotion this year.

“Another great company for stylish furniture and decor is Casa Lusso Furniture UAE, which runs sales of up to 70 per cent during Ramadan,” she says.

“Home Club ME vendors Liquid Of Life will be offering 10 per cent off their under-sink water filtration systems during the holy month, as well as Lampshades Dubai, also offering 10 per cent off their bespoke lighting and lampshades design services.”

Dirham Stretcher expects air fryers to be Ramadan bestsellers, but anticipates its members will be alert to all emerging deals.

"We don't necessarily pick any certain promotional period to post to the community, but we will post when we see a genuine good deal members will be interested in," Ms Syrek says.

“Several brands we collaborate with will have offers tailormade for our audience.”

Certainly, it seems there’s an expectation around Ramadan and Eid – much like Dubai Shopping Festival – that some substantial savings could be in the offing.

“These sales have become such a norm that members will wait before changing or upgrading their current appliances or larger purchases,” Ms Abdelhamid says.

“They will often shop around first, asking other community members where a particular product can be found at a good price, then they will wait for a promotion of that product.”

She adds that some stores will also offer a flat discount on all their products for a day or two, such as during Eid weekend.

“This is an opportunity many people will wait for to purchase non-Ramadan related items, for example furniture.”

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The specs: Audi e-tron

Price, base: From Dh325,000 (estimate)

Engine: Twin electric motors and 95kWh battery pack

Transmission: Single-speed auto

Power: 408hp

Torque: 664Nm

Range: 400 kilometres

RESULTS

Lightweight (female)
Sara El Bakkali bt Anisha Kadka
Bantamweight
Mohammed Adil Al Debi bt Moaz Abdelgawad
Welterweight
Amir Boureslan bt Mahmoud Zanouny
Featherweight
Mohammed Al Katheeri bt Abrorbek Madaminbekov
Super featherweight
Ibrahem Bilal bt Emad Arafa
Middleweight
Ahmed Abdolaziz bt Imad Essassi
Bantamweight (female)
Ilham Bourakkadi bt Milena Martinou
Welterweight
Mohamed Mardi bt Noureddine El Agouti
Middleweight
Nabil Ouach bt Ymad Atrous
Welterweight
Nouredine Samir bt Marlon Ribeiro
Super welterweight
Brad Stanton bt Mohamed El Boukhari

Draw

Quarter-finals

Real Madrid (ESP) or Manchester City (ENG) v Juventus (ITA) or Lyon (FRA)

RB Leipzig (GER) v Atletico Madrid (ESP)

Barcelona (ESP) or Napoli (ITA) v Bayern Munich (GER) or Chelsea (ENG)

Atalanta (ITA) v Paris Saint-Germain (FRA)

Ties to be played August 12-15 in Lisbon

ALRAWABI%20SCHOOL%20FOR%20GIRLS
%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Destroyer

Director: Karyn Kusama

Cast: Nicole Kidman, Toby Kebbell, Sebastian Stan

Rating: 3/5 

UAE release: January 31 

Recipe: Spirulina Coconut Brothie

Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)

Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy. 

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

UAE currency: the story behind the money in your pockets
The biog

From: Ras Al Khaimah

Age: 50

Profession: Electronic engineer, worked with Etisalat for the past 20 years

Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'

Favourite quote: 'Life is so simple, enjoy it'

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

FIGHT CARD

Sara El Bakkali v Anisha Kadka (Lightweight, female)
Mohammed Adil Al Debi v Moaz Abdelgawad (Bantamweight)
Amir Boureslan v Mahmoud Zanouny (Welterweight)
Abrorbek Madaminbekov v Mohammed Al Katheeri (Featherweight)
Ibrahem Bilal v Emad Arafa (Super featherweight)
Ahmed Abdolaziz v Imad Essassi (Middleweight)
Milena Martinou v Ilham Bourakkadi (Bantamweight, female)
Noureddine El Agouti v Mohamed Mardi (Welterweight)
Nabil Ouach v Ymad Atrous (Middleweight)
Nouredin Samir v Zainalabid Dadachev (Lightweight)
Marlon Ribeiro v Mehdi Oubahammou (Welterweight)
Brad Stanton v Mohamed El Boukhari (Super welterweight

ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
%3Cp%3EBy%202030%2C%20Abu%20Dhabi%20aims%20to%20achieve%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2039.3%20million%20visitors%2C%3C%2Fstrong%3E%20nearly%2064%25%20up%20from%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20Dh90%20billion%20contribution%20to%20GDP%2C%3C%2Fstrong%3E%20about%2084%25%20more%20than%20Dh49%20billion%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20178%2C000%20new%20jobs%2C%3C%2Fstrong%3E%20bringing%20the%20total%20to%20about%20366%2C000%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2052%2C000%20hotel%20rooms%2C%3C%2Fstrong%3E%20up%2053%25%20from%2034%2C000%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%207.2%20million%20international%20visitors%2C%3C%2Fstrong%3E%20almost%2090%25%20higher%20compared%20to%202023's%203.8%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%203.9%20international%20overnight%20hotel%20stays%2C%3C%2Fstrong%3E%2022%25%20more%20from%203.2%20nights%20in%202023%3C%2Fp%3E%0A
Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

2017%20RESULTS%3A%20FRENCH%20VOTERS%20IN%20UK
%3Cp%3E%3Cstrong%3EFirst%20round%3C%2Fstrong%3E%3Cbr%3EEmmanuel%20Macron%3A%2051.1%25%3Cbr%3EFrancois%20Fillon%3A%2024.2%25%3Cbr%3EJean-Luc%20Melenchon%3A%2011.8%25%3Cbr%3EBenoit%20Hamon%3A%207.0%25%3Cbr%3EMarine%20Le%20Pen%3A%202.9%25%3Cbr%3E%3Cbr%3E%3Cstrong%3ESecond%20round%3C%2Fstrong%3E%3Cbr%3EEmmanuel%20Macron%3A%2095.1%25%3Cbr%3EMarine%20Le%20Pen%3A%204.9%25%26nbsp%3B%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
RESULT

Valencia 3

Kevin Gameiro 21', 51'

Ferran Torres 67'

Atlanta 4

Josip Llicic 3' (P), 43' (P), 71', 82'

Super%20Mario%20Bros%20Wonder
%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3ENintendo%20EPD%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ENintendo%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3ENintendo%20Switch%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
Live on OSN Cricket HD. Coverage starts at 5.30am

Essentials

The flights
Emirates flies direct from Dubai to Seattle from Dh6,755 return in economy and Dh24,775 in business class.
The cruise
UnCruise Adventures offers a variety of small-ship cruises in Alaska and around the world. A 14-day Alaska’s Inside Passage and San Juans Cruise from Seattle to Juneau or reverse costs from $4,695 (Dh17,246), including accommodation, food and most activities. Trips in 2019 start in April and run until September. 
 

Results

5.30pm: Maiden (TB) Dh82,500 (Dirt) 1,600m, Winner: Panadol, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)

6.05pm: Maiden (TB) Dh82,500 (Turf) 1,400m, Winner: Mayehaab, Adrie de Vries, Fawzi Nass

6.40pm: Handicap (TB) Dh85,000 (D) 1,600m, Winner: Monoski, Mickael Barzalona, Salem bin Ghadayer

7.15pm: Handicap (TB) Dh102,500 (T) 1,800m, Winner: Eastern World, Royston Ffrench, Charlie Appleby

7.50pm: Handicap (TB) Dh92,500 (D) 1,200m, Winner: Madkal, Adrie de Vries, Fawzi Nass

8.25pm: Handicap (TB) Dh92,500 (T) 1,200m, Winner: Taneen, Dane O’Neill, Musabah Al Muhairi

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Need to know

Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.

Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.