Dubai is out of the top spot on a list of the world's biggest shopping destinations as analysts warn the prevailing franchise arrangement for brands entering the Middle East could deter global retailers.
Last year, Dubai and London jointly attracted the most brands among the major world cities associated with upscale shopping, pipping Paris, Milan and New York, according to the international property specialist CBRE.
But Dubai has fallen to second place behind London in the past year, despite a high-street crisis in the United Kingdom that has resulted in a number of brands going into administration.
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