How have changing source markets affected the traditional shopper profile in Dubai, and what does this mean for retailers?
UAE: Dubai Retail
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Interviews & Viewpoints | Colm McLoughlin, Executive Vice-Chairman and CEO, Dubai Duty Free: Interview from The Report: Dubai 2019
There are few destinations more closely identified with retail than Dubai. Indeed, its duty-free and low-tax shopping is one of the hallmarks of the emirate. Dubai is home to some of the world’s largest malls, most diverse retail outlets and most value-added shopping experiences, with everything from giant aquariums to ski-slopes adorning its air-conditioned retail spaces. Various substantial...
Near-term sentiment is on the rise among Dubai’s business leaders, with the IMF forecasting a healthy GDP growth rate of 4.2% in 2019 for the emirate. While not as exposed as some of its regional neighbours to the effects of fluctuating commodities prices in recent times, Dubai nevertheless stands to benefit from the knock-on effects of higher prices over the last year.
Analysts expect consumers in Dubai to take a more cautious approach to spending after the implementation of the new value-added tax (VAT) on January 1.
Articles & Analysis | New retail offerings to reinforce Dubai's reputation as a leading shopping destination from The Report: Dubai 2018
Cranes and skyscrapers are a familiar site on the horizon, but Dubai is soon to become home to a 210-metretall Ferris wheel, the Ain Dubai. Set to be the largest in the world upon completion, the wheel will act as the centrepiece of the Bluewaters Island project, a mixed-use development being built on reclaimed land by the government-backed...
