UAE retail sales expected to grow by 32.9 % to AED151 billion this year

 A recent report by Business Monitor International (BMI) forecasts that UAE retail sales are set to grow by 32.9 per cent: from AED 114 billion in 2011 to AED 151 billion in 2015. 

According to Khalid Shraim, General Manager of Hili Mall, Al Ain’s biggest community shopping centre, retail growth in the city has been extremely robust since the beginning of this year, backed by strong competitive offerings rolled out across main shopping destinations.

According to Alpen Capital report, the GCC retail industry continues to maintain positive momentum, driven by key factors such as robust economic growth, rising purchasing power, growing population comprising a large proportion of expatriates, changing consumption patterns and increasing penetration of international retail players.

“We are monitoring trends in Al Ain’s retail sector. Among the factors that have contributed to the vibrant shopping environment are new brands, shopping outlets with easy accessibility, regular entertainment activities and attractive offers,” added Shraim. 

The mall has announced the entry of over 13 additional exclusive brands, continuing a strategy of bringing diverse outlets to Al Ain’s retail sector. Moreover, the mall which is accessible through 5 gates has allocated strategic location to outlets specializing in daily shopping items for easy accessibility and quick entry and exit.

“We assist tenants in establishing their businesses, while also ensuring customer relations of the highest standards. We are also a destination for special occasions and holidays. This Eid ul-Fitr, families can expect an astonishing range in shopping and entertainment during the nine-day celebration,” said Shraim.

Hili Mall has been a successful addition to the retail industry in Al Ain, due to an innovative approach that attracts families from around Al Ain as well as the surrounding area. It is also close to the Hili Rayhaan by Rotana, one of the city’s popular hotels.