Saturday, 2 June 2012

gulfnews : Safe haven status and new malls boost market

It can’t be brushed off as a coincidence that three fashion brands — of American, Spanish and Scottish origins — should open their first outlets in Dubai within a span of four weeks.
If anything it only reinforces the stark fact that Dubai is a melting pot for global brands and, according to a new CB Richard Ellis report, comfortably retains its position among the Top Three retail destinations in the world.
So much so, if the last two years was about the local retail sector engaging in a holding operation, this year is definitely about going for growth. This time, it will not be confined to just Dubai.

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