Looking ahead, however, the question I would pose given the sector’s contribution to the UAE’s economy is whether retail is truly fulfilling its maximum potential? I believe that the answer is no.
Fundamentally, the retail sector in the UAE needs a ‘new deal’ to set it onto a sustained growth path. This should be predicated on partnership and resolve three core issues facing the industry: the relationship between landlords and tenants; the need for enabling regulation; and a commitment to bringing in new types of investment.
The classic view of the relationship between retail tenants and their landlords, from Shanghai to Sao Paulo, is that tenants pay rent and landlords provide retail space in return.
It’s tough to believe that the 26th edition of Dubai Shopping Festival is almost over. To close the annual event off with the bang, retailers all over the city are offering shoppers a final chance to shop some great discounts during the last few days of the shopping event, leading up to the DSF Final Sale taking place on the weekend.
Taking place at malls and retail outlets across the city the DSF Final Sale will see hundreds of brands drop prices on a huge range of items.
What is the DSF Final Sale?
The yearly retail celebration’s last weekend will host the biggest shopping event yet as part of the DSF Final Sale with savings of 25 per cent to 90 per cent on the latest fashion looks, homeware products, children’s toys and much more.
Majid Al Futtaim in tie-up to develop Sharjah mall
DUBAI, December 23, 2020 Majid Al Futtaim, a leading shopping mall and leisure pioneer, has partnered with top retail and hospitality organisations Azadea Group and Landmark Group for new brands and stores at the City Centre Al Zahia in Sharjah. This arrangement will see the leading regional retail companies introduce their extensive range of world-class brands and stores including Zara, Bershka, Pull & Bear and Virgin from Azadea; as well as Centrepoint, Home Centre, Max, Emax, Steve Madden, Pablosky and Eccofrom Landmark to the soon-to-be-launched mall Encompassing over 136,200 sq m of gross leasable space, 70 percent of the mall has already been leased; with a long list of internationally-recognised and home-grown brands making the eagerly awaited shopping centre their new home.
Deals struck to attract global brands to new Sharjah shopping mall arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.