A rendering of how the Deira Clock Tower roundabout will look after the upgrade. Photo: Wam
A rendering of how the Deira Clock Tower roundabout will look after the upgrade. Photo: Wam
A rendering of how the Deira Clock Tower roundabout will look after the upgrade. Photo: Wam
A rendering of how the Deira Clock Tower roundabout will look after the upgrade. Photo: Wam

Dubai's historic Clock Tower roundabout set for major renovation


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One of Dubai’s most cherished landmarks is set for a major refresh.

Dubai Municipality said the redevelopment of the 1960s-era Deira Clock Tower roundabout was already under way.

In a statement carried by Dubai Media Office on Saturday, the municipality said the three-month project to improve its visual appeal would include adding more greenery, modernised lighting and an upgrade of the water fountain.

Deira Clock Tower in the early 1970s. Photo: Peter Alvis
Deira Clock Tower in the early 1970s. Photo: Peter Alvis

The Clock Tower dates to the 1960s and in the years before Burj Khalifa it was one of Dubai’s most recognisable landmarks.

It was designed by Syrian architect Zaki Al Hosmi, completed in the mid-1960s and is known for its swooping arches.

Deira was then the centre of the city and the Clock Tower was one of the first landmark seen by visitors arriving by boat or through the international airport in Al Garhoud.

It also marked the first major road that connected Bur Dubai and Deira through Al Maktoum Bridge.

Dawoud Al Hajri, director general of Dubai Municipality, said the authority had development plans for all the prominent landmarks across the emirate, including the Clock Tower.

“By maintaining Dubai’s historical and architectural landmarks, and safeguarding them for future generations, this project helps the municipality to achieve its objectives of implementing high-level, sustainable urban planning that will improve the city’s appeal,” he said.

The municipality added the project, which is in line with Dubai 2040 Urban Master Plan, also aims to support sustainable development that meets Dubai’s development goals and plans.

Dubai's Deira through the years - in pictures

  • Dubai Creek in the early 1960s, with Deira on the left. Across the Creek at the top of the photo is Bur Dubai, with Shindagha on the right.
    Dubai Creek in the early 1960s, with Deira on the left. Across the Creek at the top of the photo is Bur Dubai, with Shindagha on the right.
  • The Clock Tower dominates its surroundings in the 1970s.
    The Clock Tower dominates its surroundings in the 1970s.
  • Deira is one of Dubai's oldest neighbourhoods. The Omar Ali bin Haider mosque – with its striking minaret and white dome – has welcomed worshippers since 1952.
    Deira is one of Dubai's oldest neighbourhoods. The Omar Ali bin Haider mosque – with its striking minaret and white dome – has welcomed worshippers since 1952.
  • Deira is also home to striking buildings with distinctive architecture, like Deira Tower.
    Deira is also home to striking buildings with distinctive architecture, like Deira Tower.
  • The neighbourhood's famed gold souq attracts tourists from across the world.
    The neighbourhood's famed gold souq attracts tourists from across the world.
  • Shoppers in a jewellery shop at the Gold Souq in Deira
    Shoppers in a jewellery shop at the Gold Souq in Deira
  • The neighbourhood is also home to small shops and repair services such as Khan shoe shop.
    The neighbourhood is also home to small shops and repair services such as Khan shoe shop.
  • The Deira Clock Tower has remained a much-loved feature of the area through the years.
    The Deira Clock Tower has remained a much-loved feature of the area through the years.
  • Deira is one of Dubai's most densely packed neighbourhoods. Authorities imposed a lockdown in April 2020 to curb the spread of Covid-19 and its normally busy roads fell quiet.
    Deira is one of Dubai's most densely packed neighbourhoods. Authorities imposed a lockdown in April 2020 to curb the spread of Covid-19 and its normally busy roads fell quiet.
  • The roundabout at Deira Clock Tower was eerily empty during the stay-at-home order in April, 2020.
    The roundabout at Deira Clock Tower was eerily empty during the stay-at-home order in April, 2020.
  • Health volunteers pass through a sterilisation chamber installed to disinfect residents entering and leaving the Naif area in Dubai's Deira during the Covid-19 outbreak, on April 15, 2020.
    Health volunteers pass through a sterilisation chamber installed to disinfect residents entering and leaving the Naif area in Dubai's Deira during the Covid-19 outbreak, on April 15, 2020.
  • But now life is returning to normal in Naif. Trader Fawaz Bello said in April 2021 that the situation had improved.
    But now life is returning to normal in Naif. Trader Fawaz Bello said in April 2021 that the situation had improved.
  • Major development now lines the Deira side of Dubai Creek with the distinctive circular top of Deira Tower visible at centre right.
    Major development now lines the Deira side of Dubai Creek with the distinctive circular top of Deira Tower visible at centre right.
  • But the past is never far behind, as this shot of an old water tank in Deira shows.
    But the past is never far behind, as this shot of an old water tank in Deira shows.
  • The Deira Clock Tower reminds Dubai of its past as it looks to the future.
    The Deira Clock Tower reminds Dubai of its past as it looks to the future.
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

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

COMPANY%20PROFILE
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Opening weekend Premier League fixtures

Weekend of August 10-13

Arsenal v Manchester City

Bournemouth v Cardiff City

Fulham v Crystal Palace

Huddersfield Town v Chelsea

Liverpool v West Ham United

Manchester United v Leicester City

Newcastle United v Tottenham Hotspur

Southampton v Burnley

Watford v Brighton & Hove Albion

Wolverhampton Wanderers v Everton

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

WE%20NO%20LONGER%20PREFER%20MOUNTAINS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Inas%20Halabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENijmeh%20Hamdan%2C%20Kamal%20Kayouf%2C%20Sheikh%20Najib%20Alou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

ACC 2019: The winners in full

Best Actress Maha Alemi, Sofia

Best Actor Mohamed Dhrif, Weldi  

Best Screenplay Meryem Benm’Barek, Sofia  

Best Documentary Of Fathers and Sons by Talal Derki

Best Film Yomeddine by Abu Bakr Shawky

Best Director Nadine Labaki, Capernaum
 

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Neo%20Mobility%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20February%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Abhishek%20Shah%20and%20Anish%20Garg%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Delta%20Corp%2C%20Pyse%20Sustainability%20Fund%2C%20angel%20investors%3C%2Fp%3E%0A
The specs

Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km

Updated: May 14, 2023, 10:06 AM