• Twenty years ago, cycling enthusiast and Wolfi's founder Wolfgang Hohmann began his journey from selling bicycles from a corner of his brother's car repair shop in Germany to making his name and creating a brand that has become synonymous with cycling in the UAE. Photo: Wolfi's
    Twenty years ago, cycling enthusiast and Wolfi's founder Wolfgang Hohmann began his journey from selling bicycles from a corner of his brother's car repair shop in Germany to making his name and creating a brand that has become synonymous with cycling in the UAE. Photo: Wolfi's
  • The first Wolfi's bicycle shop opened 20 years ago in Dubai and is now one of the most visible sports brands in the emirate. Photo: Wolfi's
    The first Wolfi's bicycle shop opened 20 years ago in Dubai and is now one of the most visible sports brands in the emirate. Photo: Wolfi's
  • Wolfgang Hohmann unloads the container he brought from Germany to stock his first store in Dubai. Photo: Wolfi's
    Wolfgang Hohmann unloads the container he brought from Germany to stock his first store in Dubai. Photo: Wolfi's
  • Cycling has come a long way in the UAE since Wolfi's went into business in 2002. Team Emirates has become a household name in the sport and Tadej Pogacar, left, won two consecutive Tours de France. EPA
    Cycling has come a long way in the UAE since Wolfi's went into business in 2002. Team Emirates has become a household name in the sport and Tadej Pogacar, left, won two consecutive Tours de France. EPA
  • Al Qudra Cycling Track in Dubai is a popular destination for cyclists. AFP
    Al Qudra Cycling Track in Dubai is a popular destination for cyclists. AFP

German bike shop boss Wolfi on how the UAE got the cycling bug


Patrick Ryan
  • English
  • Arabic

When a young German started selling bicycles in the corner of his brother’s car repair shop, he had no idea that decades later he would be considered by many as the face of cycling in a faraway land.

However, that was how Wolfgang Hohmann — known to most as simply Wolfi, a name also given to his shops— began his career, that brought him to Dubai 20 years ago where he opened his first shop in the UAE.

Since then, he has had a front row seat from which to observe an explosion of interest in cycling across the country, which has led to the UAE being viewed as an international hub for the sport.

It's a very different story today to when he first arrived in Dubai.

The best cyclists in the world come here to use these tracks and they are amazed by the quality
Wolfgang Hohmann

“When I first came here in 2002, I had a 40-foot container, half of it had furniture and the other half was bikes,” said Wolfgang, 50.

“I opened the container in front of my first store on the Sheikh Zayed Road and walked into an empty showroom and that was the start of it all for me.”

The shop, which is well known to anyone in the Dubai cycling community, is the first of four he now has in the Emirates.

The cycling infrastructure in those days was in its infancy.

“Back then, the facilities weren’t what we have now. There were less people living here and the interest was quite small,” he said.

“I remember our first riding group, the Dubai Roadsters, we had maybe five or six people.

“Now in Dubai, if you look at the Al Qudra track alone, there are thousands of cyclists there at the weekends, people have to arrive around 5am to be sure of finding a parking space.

“It’s almost like being at a concert every week when you see so many people gathered in one place.”

Wolfgang Hohmann with the bike on which Tadej Pogacar won his first Tour de France in 2020. Photo: Wolfi
Wolfgang Hohmann with the bike on which Tadej Pogacar won his first Tour de France in 2020. Photo: Wolfi

The UAE today is well regarded within the global cycling community for its investment in the sport, with more facilities being added each year.

Dubai has plans to expand the emirate’s cycle tracks from 463km to 759km by 2026 as part of the Dubai 2040 Urban Master Plan, with paths mapped out for 29 city districts.

Abu Dhabi has plans for a 109km cycling track called the Abu Dhabi Loop, as well as a 3,500-seat velodrome, to be built on Hudayriyat Island.

The emirate also received the accolade last year of being named as a Bike City by the Union Cycliste Internationale (UCI), becoming the first location in the Middle East and Asia to receive such status.

The interest in cycling was a much different proposition when Wolfgang first arrived in Dubai from Freiburg in Germany all those years ago.

He said he made it his personal mission to try to persuade people to take up the activity.

“I think it took almost about 10 years to make it work,” he said. "I was telling people who were into cycling to just bring one person along with them to the cycling groups and it grew from there.

“That was how the business grew. There was no Facebook or Instagram back then.

“I’m extremely proud to have helped build a community and play a part in bringing people to the sport.”

Cycling enjoyed a boon during the pandemic when most public activities were banned due to restrictions.

“If there was any winner that came out of Covid-19, I would say it was the sports industry,” said Wolfgang.

“A lot of gyms and other activities were closed off to most people. There was an unbelievable demand for cycling and goods such as indoor trainers.

“It really confirmed for me how important sport is and how it can help people to survive.”

A large part of the surge in interest in cycling in the UAE was down to the facilities, he added.

“The best cyclists in the world come here to use these tracks and they are amazed by the quality,” said Wolfgang.

“There’s nowhere else in the world where you have so many cycle tracks of this size that you can ride on with your friends.

“The community is only going to continue to grow and grow.”

Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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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PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

Results:

5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)

5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly

6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel

6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani

7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel

7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel

Directed by: Craig Gillespie

Starring: Emma Stone, Emma Thompson, Joel Fry

4/5

The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

What's%20in%20my%20pazhamkootan%3F
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Updated: October 03, 2022, 4:18 AM