Yusuff Ali has a net worth of $7.8 billion. He is a retail tycoon in Middle East and the boss of Lulu Group International which owns 256 hypermarkets, 260 Lulu Stores as well as 24 shopping malls in the Gulf countries and other places. The group has an annual turnover of $8 billion.
He was born and raised in a village in Kerala state found in South India. In 1973, Yusuff Ali departed for Abu Dhabi to join a small distribution business owned by his uncle. He has lived in UAE for 50 years doing business.
Yusuff Ali earned a Diploma in Business Management and Administration.
In 2020, a member of Abu Dhabi royal family allegedly acquired 20% stake in Lulu International for $1 billion.
Lulu Hypermarket owns 260 Lulu Stores and 24 shopping malls in Egypt, Far East, India, Saudi Arabia, Malaysia, Oman, Qatar, Kuwait, UAE and Bahrain among other places.
Malls owned by Billionaire Yusuff Ali:
– Lulu Mall Al Ahsa: This mall serves 1.6 million patrons per day. It operates 188 stores with 55,000 employees.
– Al Raha Mall:
Al Raha Mall is where you can do your shopping, eat, drink and get entertained. There are 65+ shops with over 165+ brands for patrons. These include: restaurants, car auction, forex exchange, pharmacies, salons, karate fitness and bakeries.
– Lulu Mall Fujairah:
The mall is located in Fujairah City one of the seven Emirates that make up UAE. It is a place where you can enjoy shopping, access fitness, entertainment and even access government services. The mall covers 50,594 square meters rented out to more than 100 stores with ample parking. Brands such as Tasheel, Daiso and Fitness 360.
– Mushrif Mall:
This three-level complex mall was opened in 2011. It is 180,000 square meters. It was constructed at a cost of $326 million. It is located in Abu Dhabi. It hosts over 240 shops. The parking lot can accommodate 2,500 vehicles.
– Oman Avenues Mall: This is the largest shopping malls in the Sultanate of Oman. It was opened in May 2015.
– Rak Mall
The mall was opened in 2012. It was developed by Line Investments & Property LLC which is a division of Lulu Group International. It is made up 700,000 square feet. The mall is home to popular brands. The mall hosts The Body Shop, UAE Optics, Yubiso, Lulu Hypermarket, Lulu International Exchange, Sony, Papa Johns, Sparkys, Octopus Technologies, Docib, Baskin Ronnins, Forever Sports, Etisalat, India Palace, KFC and others.
Ramli Mall:
Ramli Mall is located in Bahrain. It is spread over 45,000 square meters of lease land. Here you will enjoy a great shopping and entertainment experience. It also hosts a Lulu Hypermarket.
Riyadh Avenue Mall:
The Riyal Avenue Mall is located along King Faisal Street in the capital city of Saudi Arabia. It covers 1 million square feet in size. It is made up of two six storey towers and hosts over 95 outlets. It is very popular in Saudi Arabia and the entire Gulf Region. Here you can have access to Lulu Fresh Market, Joyalukkas, Rasasi, Swiss Corner, Dr. Cafe among others.
– Alkhor Mall
Alkhor Mall is owned by Lulu Group International. It has an area of 55,000 square meters. It’s not only the first mall but also the largest in Alkhor. It house an excess of 100 outlets. The mall has a large parking lot for 1,000 vehicles.
– Mall of UAQ
The Mall of UAQ is also owned by Lulu Group of Companies. Here you can experience a fine shopping, dining and entertainment experience. The mall has 20,000 square meters. It was officially opened on 12 May 2019.
– Silicon Central Mall
Silicon Central Mall is located in Dubai, uae. It is home to 220 stores. There is humble parking for 3,500 vehicles. It is made up of 81,500 square meters of space.
– YMall
YMALL is one of Lulu Group International properties. The mall is located in Thriprayar. The mall is home to over 40 brands. It took $36.7 million and 4.6 acres of land to construct this mall in India. This is one of the 6 malls owned by Lulu Group International in Indian cities.
– Al Wahda Mall
Al Wahda Mall is located in Abu Dhabi. The mall was set up in 2007 as a leading shopping destination in UAE. It attracts an excess of 20 million visitors every year. It has 3.3 million square feet in area. It’s parking lot can accommodate 4,000 cars. The mall has won awards such as “the best shopping mall in Abu Dhabi” for four consecutive years among others. It is located along the old airport road.
– Mazyad Mall
Mazyad Mall is located in Abu Dhabi. It has a parking lot which can accommodate 1500 cars. Lulu Express and Departmental Store and India Palace are some of the Anchor tenants. This is the first mall in Bin Zayed City. It hosts 120 shops which provide more than 130 brands.
The mall is located in Al Khalidyah has a parking lot which can accommodate 1500 cars. Lulu Express and Departmental Store and India Palace are some of the Anchor tenants. This is the first mall in Bin Zayed City. It hosts 120 shops which provide more than 130 brands.
– Barari Outlet Mall
The Barari Outlet Mall is located in Al Ain in UAE near Oman border. It hosts over 70 shops where the locals experience great shopping experience.
– Mushrif Mall
Mushrif Mall spreads over 56,000 square meters. It is home to more than 200 retail outlets, Lulu Hypermarket, prayer halls, ample parking for 2500 cars, coffee shops, indoor freshmarket and the biggest food court in Middle East.
– Dana Mall
Dana Mall is located in Sanabis, Bahrain. As usual the anchor store is Lulu Hypermarket. The mall has a parking lot for 1,000 cars.
– Abu Sidra Mall
Abu Sidra Mall is home to more than 200 outlets. It covers 92,000 square meters.
Yusuff Ali also owns other assets such as the Waldorf Astoria in Scotland as well as the Great Scotland Yard Hotel which was formerly the headquarters of the United Kingdom Metropolitan Police.
The Lulu Group also owns business rights for Grand Hyatt and Waldorf Astoria as well as the Caledonia. He also owns the Lulu Flight Kitchen and well as Lulu International Travels.
Stakes in other companies
Yusuff Ali owns stakes in other companies such as 4.99% in Catholic Syrian Bank (CSB), South India Bank (2%), purchased Scotland Yard Building in London and owns 10% stake in East India Company based in United Kingdom.
Real Estate
Yusuff Ali also owns real estate properties such as Y Tower in Abu Dhabi and Y Villas which is a leisure estate with luxurious villas.
Yusuff Ali car collection
Yusuff Ali owns a large car collection made up of Rolls Royce Ghost, Rolls Royce Cullinan, Mercedes Benz GLS, two Land Rover Vogue, Bentley Bentayga, Mini Cooper, Mercedes Maybach GLS, Lexus LX750, BMW 7-Series and Mercedes Maybach S600.
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