Yiwu Market is the first phase of Dubai Traders Market in Jebel Ali Free Zone.
Dubai’s new Yiwu market is set to open on June 28. As the first smart free zone market in the Middle East, it will cater to the retail and wholesale sectors.
Yiwu Market is the first phase of Dubai Traders Market in Jebel Ali Free Zone (Jafza) which aims to revolutionize the shopping experience of traders and consumers with its unique offerings.
Covering an area of 200,000 square meters, the market is home to 1,600 mainland exhibition halls, 99% of which are already occupied. These showrooms are spread over two floors and are categorically divided into different sections, namely Electronics and Appliances, Furniture and Lighting, Beauty and Accessories, Tools and Hardware (including automotive spare parts), kitchen and bathroom, bedding, curtains and clothing.
The market comprises 324 warehouses spread over two floors. Warehouses are located directly behind the showrooms, allowing easy supply of products to the showrooms, eliminating the impact of low stock delays on outbound trade. Additionally, each warehouse has a dedicated loading dock, providing full logistical support for smooth movement of goods.
Abdulla Bin Damithan, CEO and Managing Director of DP World UAE and Jafza, said, “Our innovative initiatives and advanced trade and logistics solutions have succeeded in making Jafza an ideal destination for traders and businesses. Yiwu Market is one such solution we have designed for our local merchants and consumers. We saw the need for a market where goods can be stored, sold, imported and exported; all in one place, at no extra cost and with the greatest possible ease. We are very optimistic about how this will improve the trading experience for our merchants and buyers. »
One of the most important advantages Yiwu market offers to its customers is its proximity to Jebel Ali Port and Al Maktoum International Airport. This allows customers to easily transport goods to and from their warehouses through multiple channels, economically and quickly.
The Yiwu market also offers important value-added services to its tenants and buyers. For the first 27 months after market opening, tenants will not be required to pay management fees. This is in addition to the relatively low license cost due to the market’s location in Jafza and the reduced logistics costs for import and export due to its proximity to sea and air transport channels. This translates into lower prices for consumers, making Yiwu market ideal for traders and shoppers.
What really helps the Yiwu market stand out is “Yiwu Connect”, a dedicated space that enables cross-border networking and information exchange between traders in Dubai and factories in China. In addition to directly connecting local traders to Chinese factories without the need for an intermediary, “Yiwu Connect” will also allow these traders to inspect goods for quality assurance before importing them to the Dubai Yiwu market. This service, at a time of unprecedented supply chain issues, will provide customers with a new level of quality assurance.