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MENA House View - April 2010

Although the retail sector has not experienced the same levels of performance decline as other sectors of the Dubai real estate market, it is still undergoing a period of transition.The significant boost in new supply entering the market in recent years, declining sales, lower footfall levels and a drop in tourist growth in 2009 have put greater pressure on the industry and its players to reconsider their strategies to ensure future growth can be sustained.
Jones Lang LaSalle’s April edition of MENA House View, Dubai Retail: A Market in Transition highlights a number of new trends that are emerging within the sector.

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