The value of UAE retail sector stood at $56.6 billion at 2016 end and the UAE’s sales turnover is expected to exceed $71 billion by 2021. The UAE’s retail sector is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.9%, according to new analysis released by Dubai Chamber of Commerce and Industry, retail sector contributes around 11% of country’s GDP.
Retail
Reports by industry experts says that 250 million plus square meter of retail space was added to market last year, which gives us an idea of future picture, Which increases scope for more mall, hypermarkets, supermarkets, mini marts of all sizes in every neighborhood, in retail sector we had not limited ourselves for leasing of space but we create EEIC opportunity for investor who are looking for investment in standalone retail space, we provide industry’s best EFS report to give investors an outlook of neighborhood buying potential to keep the property always occupied with retails as well as consumers.
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