International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Good news for shopaholics
Recent research says that Dubai is among the top five destinations for retailers.
April 23, 2009 4:09 by Aarti Nagraj
Dubai is the fourth-most attractive city in the world for international retailers, says research by global property firm CB Richard Ellis. The city follows London, Paris and New York, and according to the report, retailers are lured here because of the double-digit sales growth in recent years, and the expanding retail space.
CB Richard Ellis surveyed 280 retailers from 67 countries, and 46 percent had stores in Dubai. “It is a market to be reckoned with,” says Mark Morris Jones, the director of retail with CB Richard Ellis.
For those obsessed with big names and brands, and those who continue to spend hours gazing at stores in malls, it looks like your efforts have been rewarded with more to buy.