Dubai is world’s second most important shopping destination for fourth consecutive year

The 2015 edition of ‘How Global is the Business of Retail?’ by international property advisor CBRE has placed Dubai in the second position for the fourth consecutive year, followed “closely behind” by London. 

Youssef Jammal, a regional hospitality expert based in the UAE and head of hospitality and retail in ‘The H Holding Enterprise’, a leading investment group in the country, says Dubai today has 55.7 per cent of international retailers by attracting a wide range of international brands across different sectors.

“This trend has continued to grow as more high-profile retailers are finding their way in the retail scene in the Emirate,” added Jammal who has launched many home-grown retail brands in the UAE.

CBRE said that in 2014 Dubai attracted 45 new international brands. Likewise, local brands have started making forays into regional and global markets.

“We have been able to propel our local brands to the international stage thanks to Dubai’s global exposure,” said Jammal. 

“We expect local talent to become more global. We are confident that Dubai market is poised to attract and export brands on the global front,” concluded Jammal.