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 is set to continue expanding. However, optimism surrounding the influx of new supply is tempered by slower economic growth brought on by lower oil prices. In this context, sector stakeholders are looking to Dubai Expo 2020 to...
UAE: Dubai Retail
Although Dubai has traversed some challenging economic territory over recent years the economic stimulus of Expo 2020 preparation and more stable oil prices have eased this strain in 2019, and business sentiment has improved accordingly. With the long-anticipated expo event set to take place in 2020, attention has started to focus on the important question of sustaining the current economic momentum over the medium term.
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With Covid-19 restrictions leading to the closure of Dubai’s shopping malls, some major players in the emirate are turning towards online platforms to stimulate retail activity.
Articles & Analysis | Retail in Dubai gets a boost in the lead up to Expo 2020 from The Report: Dubai 2020
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...
Articles & Analysis | Dubai retailers adapt to changing trends in consumer behaviour from The Report: Dubai 2020
Due in part to local demographic changes and broader economic factors, retailers in Dubai have noticed an evolution in the profile of the typical consumer. As such, the success of retail offerings in the coming years will depend on stakeholders’ ability to predict new trends in the emirate’s shifting consumer spending patterns. As for the...
Interviews & Viewpoints | Colm McLoughlin, Executive Vice-Chairman and CEO, Dubai Duty Free: Interview from The Report: Dubai 2020
How are market expectations for the final run-up to Expo 2020 affected by rising visitor numbers?
Articles & Analysis | Developers continue to add to Dubai's shopping destinations from The Report: Dubai 2020
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...
Articles & Analysis | E-commerce to expand in the world's emerging markets from The Report: Dubai 2020
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....