Shoppers in Dubai this week will find an abundance of empty space and closed stores in addition to the Dubai Shopping Festival.
Vacancy rates in Dubai's shopping centres are at their highest levels in recent years, up to 30 per cent, according to new data from Jones Lang LaSalle, the property consultants.
Malls in Dubai typically average closer to 5 per cent to 10 per cent of vacancy, said Craig Plumb, Jones Lang LaSalle's head of research.
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