Online shopping is expected to drive retail growth in Dubai in the coming years, though migration toward e-payment remains a stumbling block for some consumers.
UAE: Dubai Retail
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Economic update | Dubai’s shift to digital retail
17 May 2016
Interviews & Viewpoints | Colm McLoughlin, Executive Vice-Chairman, Dubai Duty Free: Interview from The Report: Dubai 2015
With 1m sq metres of new mall space set to be added to Dubai in the coming years, how will existing retail developments be affected?
Articles & Analysis | Dubai's retail sector set to see new malls and attractions from The Report: Dubai 2015
Footfall numbers, sales figures and consumer confidence indicators all point to solid growth in Dubai’s retail and wholesale sector, the single-biggest driver of the emirate’s economy. Furthermore, plans unveiled in the summer of 2014 look set to take the shopping experience in Dubai to a whole new level.
Articles & Analysis | Two of Dubai's retailers have recently listed on the local financial market from The Report: Dubai 2015
In the largest public offering on the Dubai Financial Market (DFM) in seven years, Emaar Properties raised Dh5.88bn ($1.6bn) with the initial public offering (IPO) of its malls division, Emaar Malls Group (EMG), operator of The Dubai Mall. Shares were priced at the top of the range at Dh2.90 ($0.79) and oversubscribed by 30% for the institutional segment and by 20% for...
Articles & Analysis | Lifestyle and shopping convenience converge in Dubai's new retail facilities from The Report: Dubai 2015
While Dubai may be renowned for its numerous large-scale shopping centres, a number of the emirate’s big developers are shifting some of their efforts to retail community centres. Indeed, convenience and proximity to residential areas are the value proposition for a number of new retail developments.
The retail and wholesale sector continues to be the largest driver of the emirate’s economy, with figures for the first quarter of 2014 showing that retail contributed $6.32bn in the first three months of the year, up 4% from the same period in 2013. Major plans were announced in 2014 for the world’s biggest mall, while the number of community-focused malls is also on the rise. Looking ahead,...