Dubai Sees Pronounced Uptick in Demand for Retail Units
Azizi Developments, a leading private developer in the UAE, has noted a substantial surge in demand for its 700+ retail units across its communities...
COVID-19: NCTH Exempts Retail Tenants From Rent For 3 Months
The National Corporation for Tourism & Hotels, NCTH, announced that tenants of retail shops and restaurants at its hotels will be exempted from rents...
More Food Stores to Reopen, But Some Only in The Malls
Press statement from Dubai Economy, regarding the decision of the Supreme Committee of Crisis and Disaster Management in Dubai on food trade outlets
With reference...
E-Commerce Sales to Rise to Dh100b by 2022
Dubai Customs plays a major role in supporting Dubai strategy, which sees Dubai as the world’s capital of the new economy. This is done...
Q1 Shopping Index: Digital Commerce Grew 58 Percent
Rob Garf, from Salesforce says, "Each quarter we take a pulse of retail activity that we are seeing on our platform. We first began...
UAE Retail Response on COVID-19: Seek More Government Support to Open...
· The survey reports the level of impact and possible future of over 150 retailer brands who have presence across all the emirates of...
Dubai Economy, noon.com Create Online Programme to Support Emirati DED Trader...
Dubai Economy has partnered with noon.com, the region’s leading homegrown digital marketplace, to connect local startups that have a Dubai Economy’s DED Trader license...
‘The Market’ Retailers To Benefit From 3 Month Rent Relief
Announcement in line with respite measures adopted as part of the global pandemic impact offering support to tenants
Properties Investment (PI) - a Dubai Investments...
Carrefour Reveals Predicted Top Sellers during Carrefour Friday Promotions
Carrefour, operated by Majid Al Futtaim in the UAE, has revealed its predictions for the most sought-after products during it’s “Carrefour Friday” promotion —...
Nakheel Pledges AED 230 Million Relief Package, Rental Holidays
Master developer Nakheel has announced a Dh230 million ($62.6 million) economic relief package for customers in the wake of the Covid-19 outbreak.
The initiative is...
Emaar Malls Profit Up 2.5% in 2019, Revenue Rose 5%
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a five percent increase in revenue to AED4.673 billion (US$1.272 billion),...
Emaar Tells Retailers: “Now Is The Time To Be Bold”
Emaar Chairman Mohamed Alabbar tells retailers to “be bold” as the UAE gradually comes out of the COVID-19 crisis.
In a special virtual conference call...
Consumers Gear Up for a Festive Season Like No Other
The global retail sector is in an unprecedented state of flux and as the end of the year approaches, Nielsen Global Connect predicts that...
Union Coop Distributes 24% Cash Dividend; 6% Return On Shareholder Purchases
The General Assembly of Union Coop – the largest Consumer Cooperative in the UAE, distributed dividend at 24%, in addition to 6% return on...
COVID-19 Crisis Accelerates Shift to Online Retail
Over the past 20 years, e-commerce has steadily risen in size and reach. According to Statista’s Digital Market Outlook, more than 250 million Americans...
Nakheel Shopping Malls Reopen for Business
Nakheel Malls is pulling out all the stops to ensure customer, staff and tenant safety and wellbeing as it prepares to reopen Nakheel Mall,...
Asia Pacific’s Top 500 Retailers Reach $1 Trillion in Sales in...
Asia Pacific's top 500 retailers grew by 5.4% in current value terms in 2012 to top $1 trillion in sales, compared to 11% growth in...
Middle East Retail Sector to Reach $682b by 2013
The Middle East retail industry will grow at a CAGR of around 13 percent during 2009-2013 to reach over $682 billion by 2013, Companies...