Over the course of the past decade, Dubai has become synonymous with luxury goods. According to the Dubai Statistics Centre, the retail, wholesale and repair segment accounted for 30.7% of GDP in 2011, up slightly on 30.1% in 2010 and 29.7% in 2009, and much of which is accounted for by the high-end segment. The emirate acts as a retail centre for...
While many international retailers in North America and the EU have been forced to tighten their belts over the past three years, their counterparts in Dubai have benefitted from steady expansion. Indeed, the emirate’s international and luxury retailers recovered relatively quickly from the global economic crisis, despite falling incomes throughout...
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