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Small shopkeepers in the UAE also stock up from Dragon Mart.
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I expect if you buy larger quantities they will give you semi wholesale prices and they do reduce retail prices slightly. Price too to some extent, it is not all low priced but somewhat lower than elsewhere. It is not really a tourist attraction per se unless you are a shopaholic for MIC stuff - I refrain from using the word cheap because it is not all cheap and you could well get some of the stuff at similar prices in hypermarkets like Lulu, but certainly not the variety nor the range of products, some of which you would rarely see elsewhere. This is more a place where local UAE residents and some GCC visitors would come. In a word, Dragon Mart is mind boggling for its sheer variety of Made In China wares on sale through hundreds of outlets, all housed in one huge sprawling area. We got there by car, I am not sure about public transport options, there may be public buses from Rashidiya Metro station or you could take a taxi. This is next to the China section of the International City housing complex. He said Standard Chartered hopes to build a UAE-China corridor with this initiative and partner the growth of Chinese business and enterprise, which will also positively impact the bank's growing franchise within China.Last week we finally got around to visiting Dubai's well known Dragon Mart. "Within the region, Dubai is fast establishing itself as a hub for Chinese trade and with Standard Chartered having a long history with both China and the UAE, we must lead the way in further assisting this developing trade pattern," added Ferguson. Trade between the Middle East and China is set to increase, with commerce forecast by the Chinese Government to reach $100 billion (Dh367 billion) by 2010. Standard Chartered views the Dragon Mart branch as a strategic move to leverage its expertise and extensive banking offerings to Chinese companies operating within Dubai, as well as the many local companies and consumers dealing with them. With Dragon Mart eventually expected to house around 4,000 businesses, the bank is now ideally placed to penetrate this growing and expanding customer base. He said Standard Chartered is also well positioned to explore additional business from neighbouring developments, such as Arabian Ranches, Dubailand, International City, the fruit and vegetable market and the auto mart.
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"This branch will provide both tenants of the Dragon Mart complex and its visitors a full range of wholesale and consumer banking services," said Ray Ferguson, chief executive, Standard Chartered UAE. The new branch is the 10th branch of Standard Chartered which has the largest branch network among foreign banks in he UAE. Nakheel is the developers of Dragon Mart, the largest permanent Chinese trade corridor outside China.ĭragon Mart is a special-ised marketplace which is part of the 800-hectare International City development in the upcoming world-class hub for international investors, traders and retailers. Dubai Standard Chartered Bank opened its branch at Dragon Mart following an agreement with Nakheel property developers to be the sole provider of banking services there for three years.