Dubai shopping festival sales up by only 17%
This year's the total sales at Dubai Summer Surprises (DSS) shopping festival increased by just 17%, failing to keep pace with the increase in the city's gross leasable area (GLA) following the opening of record-sized The Dubai Mall.
According to data from 23 Dubai malls, compiled by the Dubai Shopping Malls Group (DSMG), DSS sales increased by 17% from the previous year.
Essentially, the opening of the Dubai Mall helped boost the sales. The Dubai Mall is the largest mall in the world, and local shopping centers - Arabian Centre, Dubai Marina Mall and Oasis Centre.
CB Richard Ellis (CBRE), expresses, "When all its stores have opened, The Dubai Mall alone will have added around 23 percent to Dubai's gross leasable area (GLA), which stood at roughly 1.5m sq m at the time of the opening in November last year."
Emaar Retail said on Thursday that the phased opening of the mall means that only about 75% of all outlets are presently operational.
New Zealand News
- Porsche reportedly developing electric version of 718 sports car
- Tesla Model Y Performance becomes little bit more expensive to order in China
- Porsche’s recently unveiled Mission R Concept previews electric race cars of future
- Chinese manufacturer GAC’s Aion V e-SUV can charge 0-80% in just 8 minutes
- Oshidori International exits Japanese casino race, citing serious ethical irregularities
- Plug-in cars’ share grows to 32% in Netherlands in September 2021
- Italian motorcycle racer Valentino Rossi enters e-bike business with VR46 MTB range
- Micro Mobility shows off production version of Microlino 2.0 and 3-wheeled e-scooter
- Chinese electric motorcycle maker Evoke Motorcycles to set up shops in Spain
- TenneT adds more electric BMWs to study use of EVs to support power grids