The UAE government has introduced a stringent new policy aimed at preventing retailers from raising prices on essential items during the holy month of Ramadan. Under this policy, any retailer found illegally increasing prices may face fines of up to Dh100,000.
Key Points of the New Policy
- Implemented since January 2025.
- Targets nine essential products to ensure price stability.
- Consumers are empowered to file complaints against unfair price hikes.
- Authorities are closely monitoring markets, especially during Ramadan when demand surges.
Objectives and Benefits
The policy is designed to:
- Protect consumers during Ramadan by keeping prices fair.
- Maintain consumer confidence and prevent profiteering.
- Support the UAE’s commitment to consumer protection and a balanced market.
- Contribute to affordable living costs nationwide.
What Retailers Need to Know
Retailers are strongly advised to follow the specified price guidelines strictly to avoid facing heavy penalties. The government’s enforcement highlights its dedication to ensuring economic fairness and stability in the market.
Market Oversight
Consumers in Dubai and across the UAE can expect increased oversight on prices during the upcoming Ramadan seasons. Authorities will remain vigilant to detect and prevent any violations of the pricing rules.
Stay tuned to Questiqa World News for further updates on this important development.
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