“The warning signs of market saturation have started to show in Dubai, where retail stock grew by 8% in 2016”, said Core Savills.
“As in the office market, we foresee the retail sector to progressively segment into higher and lower performing malls, created by natural selection of retailers. Smaller malls will suffer falling rents and higher vacancy levels while the 3 mega-malls (The Dubai Mall, Mall of the Emirates and Ibn Battuta Mall) should continue to outperform.”
Do you have information to share with us?