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dubaishoppingmalls

Dubai Shopping Malls Business Started to Bang Dubai Tourism Growth

The Middle East is a land yet to be explored by many. In that Dubai is one of the most visited places in the world and habitat of making records, like world’s tallest tower to an international airport in the world.

It is also considered as one of the richest states in the world, required a considerable financial assist from its rich neighbors like Abu Dhabi.

This article helps you to know how  Dubai Shopping Malls business is Bang the Dubai tourism growth.

Dubai Shopping Mall Business

Dubai has turned into identical with shopping, visitors can pick the modern, Western-style shopping malls and traditional souks, so shopping is one of the city's biggest attractions ever.

Dubai shopping mall business is increasing very fast and due to population growth makes demands and spend in the retail market region. According to Dubai Chamber, there are more than 717,000 square metres of fresh new retail space will be formed in 2018.

As Jones Lang LaSalle said around 250,000 square metres of GLA(gross leasable area) was additionally added to the city’s retail growth this increase to 3.4 million square metres of GLA at the end of 2016.

The Two Mall Developer

UAE’s two biggest mall developers, Nakheel and Emaar, are increasing their stunning portfolios and reporting a strong ever growth of Dubai.

Recently Nakheel has been awarded a construction contract to build the famous shopping mall The Deira Mall, which is one of the biggest shopping, dining and entertainment destination in the world. The AED6.1 billion (US$1.7 billion) mall will boast 372,000 square metres of leasable retail space.

On the other side, Emaar Malls, the operator of the world’s famous and biggest mall, The Dubai Mall, reported the revenue of AED539 million ($147 million) all through the first quarter of 2017.

The company, also manage Dubai Marina Mall, Souk Al Bahar, Gold & Diamond Park and several more community shopping malls.

A report says from January 2017 to March 2017, China delivered 230,000 overnight visitors, up 64% compared to the same period in 2016, while India, which is Dubai’s single largest tourism source market, creates a record nearly 580,000 visitors, with a huge 23% development in arrivals between January and March.

Author Bio:

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