Retail in Dubai

tailSUDAN ProPerty tyPe SeCoND QUArter | 2007 C o l l i e r S i N t e r N At i o N A l | UAe Dubai Retail Snapshot r e tA i l S e rV i C e S New propagation of destination shopping malls has entrenched Dubais dominance of the GCC sell industry | S e C o N D Q U A rt e r | 2008 eCoNomiC HigHligHtS GDP in 2007 registered at US$45.9bn Non-oil GDP growth driven by logistics, finance, tourism and real estate sectors Population CAGR of 8% among 2003 and 2007, with current population approximates at 1.6 million inhabitants Government statistics estimate the population to adjoin to 2.2 million inhabitants by 2010, representing a CAGR of 10.8% total UAE expending power of US$14,400 per household per annum Average spending power per annum of US$23,000 for Emirati households, US$19,500 for Western households, US$13,500 for early(a) Arab households and US$10,000 for Asian households DUBAi gDP Per CAPitA 35,000 30,000 25,000 20,000 5,000 0,000 5,000 0 2002 2003 2004 2005 2006 2007 2008 Hospitality sector performance remains strong; occupancy levels across food trade registered at 82.1% in 2007, rising to 87.7% within 5* hotel ingredient.

Year-on-year market RevPAR growth of 16%, with average RevPAR in 5* segment at US$286 Increase in average distance of stay (ALS) in resort hotels to 3.97 days against a slim decrease in the business hotel ALS to 1.29 days, suggesting continued increase in leisure tourism segment contribution to sell revenues Tourism market accounts for 21% of Dubais retail spending, increase to over 40% in Dubais new times destination shopping malls Total number of tourist shoppers put up year estimated at 1.9 million Dubai GDP continues robust growth, driven by economic diversification and non-oil GDP growth Consumer spending supported by regional petrodollar liquidity, continued influx of white collar prod and sustained tourism sector growth Total spending in... If you lack to get a full essay, order it on our website: Orderessay

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