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News - Mittwoch, April 23, 2008 19:19 - 0 Comments
Increasing costs could put off mall tenants in UAE
Dubai: Retailers remain bullish in Dubai’s growth prospects, but with the supply of retail space growing inexorably upwards and rents rising, demand and affordability are a major cause for concern, an industry expert said on Tuesday.
Dubai is expected to see an explosion in shopping centre supply with the influx of at least nine mega malls, fuelling fears that there won’t be enough footfall to sustain all these mega developments. Continue…
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