Mall boom to boost retail space four-fold in 5 years

DUBAI - Dubai's retail sector is poised to add an additional 22.5 million square feet of climate-controlled shopping space in a few years, reflecting another bout of spectacular mall boom driven by the emirate's upbeat economic outlook.

By Isaac John

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Published: Tue 9 Aug 2005, 10:33 AM

Last updated: Thu 2 Apr 2015, 4:13 PM

This four-fold growth in covered retail space in five years was made possible with the entry of several new shopping malls, including some five mega facilities, which are under construction.

According to retail industry experts, one of the main drivers of this exponential mall boom is the buoyancy in retail turnover generated by the Dubai Summer Surprises (DSS). Since its inception in 1998, there has been a steady and sustained surge in Dubai's summer retail businesses since 1998. From Dh850 million seven years ago, the sales turnover during the 70-day DSS is poised to double this season, reflecting a 10 per cent growth.

By 2010, the number of shopping malls will rise from 32 to 40, while the total retailing space will grow from 7.5 million square feet at present to 30 million square feet, thanks to the entry of five mega malls into the scene.

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