Sunday, 15 July 2012

UK's austerity drives up rents at big malls in Dubai - The National

The influx of retailers from the United Kingdom into the UAE this year has forced up rents in some of Dubai's biggest shopping malls.

Austerity measures in the UK and weak economic growth have caused many retailers to seek respite and expand overseas, with Dubai often seen as a first port of call to gauge international demand.

Analysts say the recent inflow of UK retailers has led to rents rising in Dubai malls where international retailers have to be seen to have a presence.

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