Wednesday 27 April 2011

Dubai gold souk to be shrunk in size as jewellers complain of a lack of business and deserted corridors - The National

The Gold Souq in Dubai's biggest mall is to be shrunk in size - possibly by more than three quarters - after many retailers say they have been forced by a lack of business to flee without paying all rent owed.

Emaar Properties, the owner of Dubai Mall, is relocating some jewellers with the offer of reduced rent as compensation.

Bhavesh Kumar, the general manager of Select Diamonds, says his shop has been left on a deserted corridor, with dimmed lighting, no air conditioning and little security.

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