Dubai's big spenders tighten purse strings - Reuters:
Boasting the priciest designer stores, no expense was spared when Dubai built the swanky Gate Avenue mall, positioned to serve affluent bankers who always had money to burn.
But the downtown mall gleaming with marble in the Middle East’s biggest financial centre was largely empty at peak shopping time early on Sunday evening and that is no longer an unusual sight.
The retail economy of one of the world’s leading shopping capitals has suffered from lower oil and property prices.
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