A new food market featuring a number of the city’s favourite home-grown restaurants is set to launch in Dubai.
The Time Out Market Dubai will be open its doors in Downtown Dubai’s Souk Al Bahar on Wednesday April 7.
Inside, Dubai residents and visitors will be able to find a star-studded line-up featuring much-loved local food and beverage companies such as Masti, BB Social Dining, Vietnamese Foodies, Pickl, Pitfire, Brix by 3fils, Nightjar, Reif Japanese Kushiyaki, Little Erth, Scoopi Café, Long Teng, and Al Fanar.
Meanwhile some brand-new concepts will also be launched: folly Workshop by Nick & Scott, Fulvio’s, Two Leaves by Project Chaiwala, Local Fire by The Mattar Farm, and Liban by Allo Beirut.
The market is a popular staple in a number of cities across the world, including Lisbon, Miami, New York, Boston, Montreal and Chicago, and aims to offer a diverse range of local flavours in a casual and social environment. The launch of the Dubai market will mark its first venue in the Middle East.
The market will overlook Burj Lake and Dubai’s famous fountains, and will be in close walking distance to The Dubai Mall. It will be designed taking safety measures into place, though organisers said the "fun atmosphere" the concept was known for would not be compromised.
“We are very proud to unveil the first line-up of chefs and restaurateurs, which reads like the who’s who of Dubai’s home-grown culinary talent," said Didier Souillat, chief executive of Time Out Market Dubai. "Our aim is to create a vibrant reflection of this city’s excellent and diverse restaurant scene and offer the clientele of Souk Al Bahar a mouth-watering mix of innovative cuisine and gastronomical delights."
The market is a popular staple in a number of cities across the world, including Lisbon, Miami, New York, Boston, Montreal and Chicago, and aims to offer a diverse range of local flavours in a casual and social environment. The launch of the Dubai market will mark its first venue in the Middle East.
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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
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if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
