• The Lord & Taylor department store at White Flint Mall in Rockville, Maryland, which shut its doors in December 2020. All photos: EPA
    The Lord & Taylor department store at White Flint Mall in Rockville, Maryland, which shut its doors in December 2020. All photos: EPA
  • So-called 'dead malls', once bustling shopping centres that have now lost their tenants, are a growing phenomenon in the US
    So-called 'dead malls', once bustling shopping centres that have now lost their tenants, are a growing phenomenon in the US
  • The White Flint Mall in Rockville, Maryland, opened in 1977
    The White Flint Mall in Rockville, Maryland, opened in 1977
  • A research group has estimated that 25 per cent of the US's approximately 1,000 malls will close by 2025
    A research group has estimated that 25 per cent of the US's approximately 1,000 malls will close by 2025
  • Economists attribute the decline of brick-and-mortar outlets to the proliferation of online retail
    Economists attribute the decline of brick-and-mortar outlets to the proliferation of online retail
  • The abandoned car park at a Lord & Taylor department store in Washington, DC that closed in January 2021
    The abandoned car park at a Lord & Taylor department store in Washington, DC that closed in January 2021
  • The empty atrium of Chevy Chase Pavilion, which is down to one remaining retailer, in Washington, DC, USA, 24 July 2023. So-called 'dead malls', once bustling shopping centers that have now lost their tenants, are a growing sight in the US. Economists attribute the decline of brick and mortar stores to the proliferation of online retail. EPA / JIM LO SCALZO ATTENTION: This Image is part of a PHOTO SET
    The empty atrium of Chevy Chase Pavilion, which is down to one remaining retailer, in Washington, DC, USA, 24 July 2023. So-called 'dead malls', once bustling shopping centers that have now lost their tenants, are a growing sight in the US. Economists attribute the decline of brick and mortar stores to the proliferation of online retail. EPA / JIM LO SCALZO ATTENTION: This Image is part of a PHOTO SET
  • An abandoned Lord & Taylor department store in Washington, DC
    An abandoned Lord & Taylor department store in Washington, DC
  • The empty car park at Lakeforest Mall in Gaithersburg, Maryland, which closed in March 2023, 45 years after opening
    The empty car park at Lakeforest Mall in Gaithersburg, Maryland, which closed in March 2023, 45 years after opening
  • The food court at Lakeforest Mall
    The food court at Lakeforest Mall
  • Parking spaces aplenty outside the abandoned Lakeforest Mall in Gaithersburg, Maryland
    Parking spaces aplenty outside the abandoned Lakeforest Mall in Gaithersburg, Maryland

Photo essay: The abandoned malls of America


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  • Arabic

Empty car parks, deteriorating interiors and abandoned infrastructure are signs of a depressingly growing trend in America: shopping malls closing, permanently.

Once bustling with shoppers, malls throughout the US are closing their doors as more people opt to shop online or cut back on spending altogether. This is creating what are being called “dead malls” – malls with high vacancy rates or a lower level of consumer traffic, or that are deteriorating in some way.

These enormous shopping spaces are now turning into ghostly reminders of changing consumer habits and economic shifts. The global pandemic also did not help matters.

In 2020, Coresight Research projected that 25 per cent of the country's approximately 1,000 malls would close up shop in the following three to five years.

White Flint Mall in in Rockville, Maryland is one such case. The sprawling three-storey mall that spanned 74,000 square metres was opened in 1977. It was initially anchored by Lord & Taylor and Bloomingdale’s department stores. But after shops in the mall began closing, leading to a decline in shoppers, it eventually shut for good in December 2020.

Lakeforest Mall in Gaithersburg, Maryland is another recent example. First opened in 1978, the mall covered 97,100 square metres and included an indoor ice skating rink and later a food court. But as more anchor retailers began to close, the number of shoppers began to dwindle. In March, the mall closed for good.

So what happens when malls are abandoned?

Some get a new lease on life by being repurposed as micro-apartments, fitness centres, offices or health clinics. Meanwhile, others are left in decrepit states until they are eventually demolished, with the space where they once were rebuilt as luxury housing or other shopping centres.

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The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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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

Day 1, Abu Dhabi Test: At a glance

Moment of the day Dimuth Karunaratne had batted with plenty of pluck, and no little skill, in getting to within seven runs of a first-day century. Then, while he ran what he thought was a comfortable single to mid-on, his batting partner Dinesh Chandimal opted to stay at home. The opener was run out by the length of the pitch.

Stat of the day – 1 One six was hit on Day 1. The boundary was only breached 18 times in total over the course of the 90 overs. When it did arrive, the lone six was a thing of beauty, as Niroshan Dickwella effortlessly clipped Mohammed Amir over the square-leg boundary.

The verdict Three wickets down at lunch, on a featherbed wicket having won the toss, and Sri Lanka’s fragile confidence must have been waning. Then Karunaratne and Chandimal's alliance of precisely 100 gave them a foothold in the match. Dickwella’s free-spirited strokeplay meant the Sri Lankans were handily placed at 227-4 at the close.

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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

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Updated: August 04, 2023, 6:01 PM