Hub of retail

Dubai has been ranked among the top cities worldwide for retailing, according to JLL’s Destination Retail report, which shows how 50 major global cities have risen to the top of the list for mainstream, premium and luxury retailers’ expansions.

While the list is dominated by cities in Asia Pacific, those in the Middle East are coming on strong, propelled by an ever-increasing array of international retailer.

One-third of the top 15 global retail cities are located in the Middle East, with Dubai placed fourth, Kuwait City finishing within the top 10 at nine, Abu Dhabi at 11 and Jeddah and Riyadh tied for 12.

Dubai’s history of shopping tourism, which has included hosting the world-renowned Dubai Shopping Festival for over two decades, has seen the emirate become a hub for major retail brands. It also has one of the highest levels of retail floor space per capita globally. Andrew Williamson, Head of Retail, Mena for JLL, said, “Retail will continue to be a key pillar of the Dubai economy, and this report shows its strategy of attracting leading international reatilers is working.”

 

 

Source: Property Weekly PW

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