Paste your Google Webmaster Tools verification code here
May 26, 2016 | 9:30 | Dubai
JLL’s released report ‘Destination Retail’, shows 50 major global cities have risen to the top of the list for mainstream, premium and luxury retailers’ expansions. While the list is dominated by cities in Asia Pacific, the Middle East comes in strong, propelled by an ever-increasing array of international retailers with Dubai and Kuwait City making it in the top 10 destinations globally.
As per James Brown, Director of Global Retail Research for JLL, “Structural change is sweeping the retail industry as technology and e-commerce platforms become more sophisticated; however, demand for the right physical space, in the right location, is stronger than ever. Borders are becoming less of an issue for retailers pursuing opportunities overseas and we’re seeing the global retail landscape shifting fast to accommodate the change.”
Middle East highlights: