“We believe that base rents in malls should be calculated as a percentage of sales”,said Hamad Buamim, President of Dubai Chamber. He refers to the current system where malls apply a base rent which is independent of a retailer’s performance. According to Buamim, “only 13% of the 200,000 retail members in the U.A.E. are running an online business, but e-commerce sales are a growing focus for them”.
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