Dubai’s retail rents to fall in 2018

Publication

16 April 2018 à 12h06

Updated on 10 May 2019 à 17h10

Reading time

2 minutes

Publication: 16 April 2018 à 12h06, Updated on 10 May 2019 à 17h10

Reading time: 2 minutes

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Publication

16 April 2018 à 12h06

Updated on 10 May 2019 à 17h10

Reading time

2 minutes

Publication: 16 April 2018 à 12h06, Updated on 10 May 2019 à 17h10

Reading time: 2 minutes

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According to Patrick Chalhoub, C.E.O. of the high-end retailer Chalhoub Group, retail rents are about to face a downward trend in the United Arab Emirates. “You cannot have a situation where rents are based on retailers’ sales, increasing when sales rise but not adjusting when revenue falls. This is the historical basis here in the Gulf. It’s not logical and truly unfair. I wasn’t certain 12 months ago, but today there is more scope for rental adjustments. It has taken some time, but mall owner

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