In the year since Fires Omran opened his Felopateer Palace shop in the Dubai Mall gold souk, he has had just one paying customer, who bought two watches for Dh17,000 (US$4,628).
So when the mall management sent him a notice last week raising his rent 40 per cent to Dh371,000 from Dh265,000 a year, he decided to get out.
Mr Omran said he closed the store on Wednesday, resulting in a company loss of Dh2 million.
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