Why has the sector been able to perform so well during a period of fiscal and political turmoil?
UAE: Dubai Retail
Displaying 49 - 54 of 56
Interviews & Viewpoints | OBG talks to Iyad Malas, CEO, Majid Al Futtaim Holding from The Report: Dubai 2013
Articles & Analysis | Market reorientation: An expanding role for Chinese products and Chinese shoppers from The Report: Dubai 2013
As Dubai’s retail segment continues to grow, the emirate’s connection with its East Asian trade partners is becoming increasingly important. Between 2005 and 2011, the value of direct imports from East and Southeast Asia doubled from Dh58.5bn to Dh116.2bn ($15.9bn to $31.6bn), representing about 26.3% of total direct imports, according to data from...
Interviews & Viewpoints | OBG talks to Colm McLoughlin, Executive Vice-Chairman, Dubai Duty Free from The Report: Dubai 2013
Articles & Analysis | In the lap of luxury: The emirate is the regional centre for high-end goods from The Report: Dubai 2013
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...
Articles & Analysis | Globally branded: The emirate has become a key destination for international retailers from The Report: Dubai 2013
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...
With wholesale and retail trade making up 30.7% of the emirate’s GDP in 2011, Dubai has become the Middle East’s chief retail centre. The emirate is home to one of the largest malls in the world, has a massive domestic consumption of retail goods and boasts a reputation as a prime shopping destination among well-heeled tourists. Despite a hiccup in numbers after the 2008-09 global financial...