Research

UAE Retail Market Dynamics, Q2 2024

Summary and analysis of the UAE's current retail real estate market conditions.

July 18, 2024
Contributors:
  • Faraz Ahmed
  • Muhammad Aijaz
  • Sara Alameddine

Robust demand from the Fashion and F&B segments stimulated an increase in rental rates across super regional and regional malls.

Retailers encountered challenges in securing prime retail spaces, facing intense competition from other brands vying for the same locations.

As market activity intensified, rental rates surged, prompting landlords to enforce stricter lease terms with tenants.

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