• A new market celebrating South Korean culture has opened at Festival Plaza in Jebel Ali, Dubai. All photos: Ruel Pableo for The National
    A new market celebrating South Korean culture has opened at Festival Plaza in Jebel Ali, Dubai. All photos: Ruel Pableo for The National
  • Shoppers can expect to find an array of beauty products.
    Shoppers can expect to find an array of beauty products.
  • Products from KSouk and Lamise Beauty are on sale.
    Products from KSouk and Lamise Beauty are on sale.
  • Food stalls selling popular Korean street eats abound, with dishes such as tteokbokki (spicy rice cakes), kimchi, kimbap and bubble tea on offer.
    Food stalls selling popular Korean street eats abound, with dishes such as tteokbokki (spicy rice cakes), kimchi, kimbap and bubble tea on offer.
  • Live performances by local groups Zen1th, pictured, and DXBfelicity are taking place.
    Live performances by local groups Zen1th, pictured, and DXBfelicity are taking place.
  • Performances take place every two hours between noon and 6pm on weekends.
    Performances take place every two hours between noon and 6pm on weekends.
  • People take pictures of the performers as they dance.
    People take pictures of the performers as they dance.
  • Find popular South Korean groceries at the market.
    Find popular South Korean groceries at the market.
  • Shoppers young and old are checking out the goods.
    Shoppers young and old are checking out the goods.
  • Home-grown South Korean supermarket 1004 Gourmet has a stand at the market.
    Home-grown South Korean supermarket 1004 Gourmet has a stand at the market.
  • People check out the accessories on offer.
    People check out the accessories on offer.
  • The market is running until August 28, 2022.
    The market is running until August 28, 2022.
  • There’s a big focus on skincare.
    There’s a big focus on skincare.
  • Goods from KSouk on sale.
    Goods from KSouk on sale.

Lifestyle

Things to do

New Korean market opens at Dubai's Festival Plaza in Jebel Ali

K-Market brings popular street food together with beauty products, clothing, arts and more

Katy Gillett
Katy Gillett

August 21, 2022

  • English
  • Arabic

Shoppers have been heading to Festival Plaza in Dubai this weekend, as a market celebrating all things South Korea has opened to the public.

K-Market, which is running until August 28, brings together food, beauty, clothing, arts and more at the Jebel Ali mall.

Scroll through the gallery above to see what to expect at the new market

Food stalls selling popular Korean street eats abound, with dishes such as tteokbokki (spicy rice cakes), kimchi, kimbap and bubble tea on offer.

Popular home-grown supermarket 1004 Gourmet also has a stall, alongside Food Korea and Dul Set Cafe, which are all selling Korean groceries.

There’s a big focus on skincare — an industry South Korea has become globally renowned for — with beauty products available from KSouk and Lamise Beauty, from face creams and masks to moisturisers and more.

This weekend, there are also workshops being held, teaching participants traditional candle-making techniques.

K-pop fans can also catch regular dance performances throughout the weekends, as local troupes Zen1th and DXBfelicity are performing every two hours between noon and 6pm.

The market is open from 11am to 9pm each weekend.

Festival Plaza, which opened in December 2019, covers 64,800 square metres and is home to the region's largest Ikea. There are more than 120 stores at the mall, as well as a 500-seat food court, 40 other dining outlets and a Stay and Play children's soft play centre.

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    Roxy Cinemas is opening at Dubai Hills Mall this summer. Photo: Roxy Cinemas
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    Nakheel Mall has opened a VR-powered escape rooms venue with a board game cafe. Photo: Nakheel
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    Back-to-school activities are ongoing at Dubai Hills Mall, pictured, The Dubai Mall and Dubai Marina Mall. Photo: Dubai Hills Mall
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    Ice Bar at The London Project on Bluewaters, Dubai. Chris Whiteoak / The National
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Mercedes V250 Avantgarde specs

Engine: 2.0-litre in-line four-cylinder turbo

Gearbox: 7-speed automatic

Power: 211hp at 5,500rpm

Torque: 350Nm

Fuel economy, combined: 6.0 l/100 km

Price: Dh235,000

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

RESULTS

6.30pm: Emirates Holidays Maiden (TB) Dh 82,500 (Dirt) 1,900m
Winner: Lady Snazz, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Arabian Adventures Maiden (TB) Dh 82,500 (D) 1,200m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.

7.40pm: Emirates Skywards Handicap (TB) Dh 82,500 (D) 1,200m
Winner: Rich And Famous, Royston Ffrench, Salem bin Ghadayer.

8.15pm: Emirates Airline Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Rio Angie, Sam Hitchcock, Doug Watson.

8.50pm: Emirates Sky Cargo (TB) Dh 92,500 (D) 1,400m
Winner: Kinver Edge, Richard Mullen, Satish Seemar.

9.15pm: Emirates.com (TB) Dh 95,000 (D) 2,000m
Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.

In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff

TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

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Aldar Properties Abu Dhabi T10

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*Venue: Zayed Cricket Stadium, Abu Dhabi

*Tickets: Start at Dh10, from ttensports.com

*TV: Ten Sports

*Streaming: Jio Live

*2017 winners: Kerala Kings

*2018 winners: Northern Warriors

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%20at%206%2C000rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E800Nm%20at%202%2C750-6%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ERear-mounted%20eight-speed%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E13.6L%2F100km%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Orderbook%20open%3B%20deliveries%20start%20end%20of%20year%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh970%2C000%3C%2Fp%3E%0A
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Joe Root (captain), Moeen Ali, Jimmy Anderson, Jofra Archer, Jonny Bairstow, Stuart Broad, Rory Burns, Jos Buttler, Sam Curran, Joe Denly, Jason Roy, Ben Stokes, Olly Stone, Chris Woakes. 

TCL INFO

Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17

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