Dubai Mall offers rent reduction to retailers

Shop owners say rents in The Dubai Mall are coming down, in a sign that the city’s struggling retailers are getting some relief from landlords.

Several stores in Dubai’s largest mall have had their rents reduced by around 15 percent, but retailers complain that sales in Emaar’s flagship shopping centre continue to be slow.

“For tenants who had to renew their contracts this month there was a new price...but some people chose not to renew it,” one shop owner said.