DP World in partnership with Zhejiang China Commodity City Group (CCC), is proud to present Yiwu Market UAE, the first phase of Dubai Traders Market, located in the heart of Jebel Ali Free Zone (Jafza) opposite Expo 2020 Dubai. Dubai Traders Market will span approximately 800,000 square metres, with Yiwu Market covering about 200,000 square metres.
Built with the trader at the very heart of its concept, the goal of this Dh600 million investment is to create the first smart free-zone marketplace in the Middle East, for the retail and wholesale industries. Yiwu Market will enable traders and businesses from across the globe access wholesale discounts with minimised supply chain costs and turnaround times by leveraging Dubai’s central location, DP World’s decades of logistical expertise along with the insights from the world’s largest wholesale market— the Yiwu China Commodities City, which consists of over 75,000 showrooms, with 2.1million kinds of products.
To replicate the success of Yiwu Market China, in the GCC, a part of the team was especially flown in from Yiwu Market China, under the leadership of Mr Qiuming Zhang, who was previously the General Manager of two wholesale markets invested by CCC (Yiwu International Production Material Market, and LiaoNing Xiliu Yiwu China Commodities City, with 5800 and 6124 showrooms respectively). Once completed, by the end of 2021, Yiwu Market UAE will establish a dedicated international logistics line between Dubai Yiwu Market and China Yiwu Market, to allow Chinese goods to enter Dubai expeditiously at competitive costs for seamless distribution across the Middle East, Africa, the Mediterranean and Europe.
The market will be divided into two purpose-built sections. The first section will have 1600 showrooms, five atriums, five main entrances and expandable parking spaces. The showrooms are categorically segmented into Electronics & Appliances, Home & Office Supplies, Tools & Hardware, Bedding, Curtains, Lighting, Beauty & Accessories, Kitchen & Bath and Clothing.
Running parallel to the showrooms, the second section will comprise 324 bonded warehouses, with dedicated loading docks, providing complete logistical support for seamless movement of goods. In addition to being located in the up-and-coming trading hub for the next decade, Yiwu Market will provide a plethora of value-added services, in compliance with Jebel Ali Free-Zone policies such as:
• Showrooms with rental fees starting as low as AED 500/sqm/year with no management fees
• 100% foreign ownership and foreign repatriation of capital and profits
• 0% tariff and VAT
• Customs duty will only payable if the goods sold to the local market. Single passing of the customs declarations
• Established trade corridors to major markets in the Middle East, Africa, Asia and Europe
• Conveniently connected via public transport and roadways to Expo 2020, major hotels, business parks and tourist attractions
• Direct access to an established network of 100,000 manufacturers in China.
“The purpose of constructing Yiwu Market in Dubai is to provide a one-stop purchasing, high-efficiency platform for trading on both bulk and retail, online and offline basis. With decades of retail real-estate experience, we’ve come to recognise the pain points for our clientele and as a result have created a portfolio, which once completed at the end of 2021 around the time of EXPO, will offer unrivalled benefits in the region and beyond”, said Qiuming Zhang, General Manager, Yiwu Market UAE.
“These include preferential free zone benefits, logistical support, extremely affordable pricing with no hidden costs, zero management fees and consistent marketing efforts to ensure the success of our tenants. Moreover, if you are new to the market and want to find more products, we help you create a pipeline of manufacturers in China, where you can communicate with the owner of factory directly and get the best prices from them”, added Zhang.
The structural foundation of the project is now complete while the market is scheduled to open its doors, at the end of 2021. To enquire about the project, please feel free to call us on our toll-free number 800-211, alternatively, you can email us at email@example.com
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