UAE: Dubai Retail

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Rising demand and a recovering economy are driving growth in Dubai’s retail sector, with a sharp increase in new mall space suggesting that it is beginning to shake off the doldrums of the global economic crisis of 2009.
Underpinned by rising tourist arrivals and heating demand in the local economy, Dubai’s retail sector appears set to enter a period of solid growth. A recent study conducted by market research company RNOCS said that a strong tourism sector, combined with rising consumer confidence and soaring domestic consumption, would fuel growth in the retail sector across the UAE, with Dubai having become the focus of retail construction developments in the country.

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