Azizi stated that with the launch of new development projects, the company will add nearly 20,000 rooms to Dubai’s hotel industry over the next five years.

Any goods whose value exceeds the threshold will be subject to a 5 percent duty, as well as an administrative fee of AED 65 (approximately USD 17). This will spur local retailers to take significant product and marketing initiatives to enhance value propositions to attract and retain consumers looking for local alternatives.