For many residents, tourists and developers, retail remains a core part of Dubai’s identity. The sector contributes just over one-quarter of the emirate’s GDP and, thanks to a number of mixed-use retail projects in the pipeline, is set to continue expanding. Local iconic malls are constantly reinventing themselves, searching for new brands and...
While e-commerce has become well established in more developed markets, the segment has been slower to take off in emerging economies. Online purchasing has been held down in these markets by financing, purchasing and logistics challenges. Nevertheless, online sales are growing rapidly in many developing countries in spite of these obstacles....
How are market expectations for the final run-up to Expo 2020 affected by rising visitor numbers?
With new communities to serve, as well as developments that aim to reinvigorate existing districts, some of Dubai’s most prominent real estate developers are increasing the number of retail options available to residents of and visitors to the emirate. In talks with real estate consultancy Knight Frank UAE, OBG learned that total gross...
What risks are there of over-saturation in the sector given the increase in gross leasable area (GLA)?
FIRST CENTRAL HOTEL SUITES PO Box 9970 Barsha Heights Dubai, UAE T: (971) 4 454 4900 F: (971) 4 454 4901 www.central-hotels.com info.fc@central-hotels.com Rooms: 524 rooms, including 179 classic one-bed rooms, 13 classic two-bed rooms, 199 classic studios, 13 two-bed studios, 40 twin studios, 48 executive studios, 24 executive one-bed...
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