iPhone | iPad
Android
Huawei
The US Treasury and State Departments impose sanctions and visa restrictions on 37 people in 13 countries
KT APPDOWNLOAD
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.
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.
More news from
Reigning Premier League champions go to Luton on Sunday and will be out to avoid going five games without a win
No chants were made and there were no banners nor placards but onlookers did not miss the message
Arabic Language Youth Council's effort delves into the concept of sustainability in Arab culture
Team Abu Dhabi focus switches to Sharjah as Torrente aims for big finish to F1H2O season
‘Anything can happen (in Liv Golf Promotions) but I know my caddie well enough that we can remind each other if either of us goes off-script
Military strikes more than 450 targets in Gaza from land, sea and air in one day
Every day we are losing dozens of wounded due to a lack of care and delay in getting them out of Gaza, a spokesman said