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Gulf region still has room for more malls - research
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 25 February 2009
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Results 1 to 10 of 10
Posted on Thursday, 26 February 2009
Cheap consultancy at hard prices
Posted by mustadxb at 14:35 UAE time
Seems that "the experts" cannot keep lower profile and shut up even in those difficult times. Why are institutions over here still spending money for consultancy, they just copy past information from the west and a small local flavor to the comments. For sure, this will make some valuable savings for other essential expenses which are sound.
Retail prices here are far higher then in high labour and social expensive countries to whome they want us to be compared to.
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Clone Malls
Posted by Paul at 10:16 UAE time
Mmmn. I think the 'experts' need to investigate this a bit further. It is fine banding figures around but really what they need to do is have some sort of demographics survey. Out of the population here, what percentage are labourers or people on a low income? Can they afford the latest fur coat or 'luxury' watch? No. Didn't think so. Malls here need to stop charging high rents and invite independent shops otherwise you will end up with the equivalent of clone towns like you have in the UK where it is the same shops in every town around the country. Factor in the cost of items here, around 40% more expensive than the UK plus poor customer service and consumer rights; why would you shop in the malls in Dubai apart from buying the essentials?
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1.9sqm GLA per shopper or per resident?
Posted by Neil at 08:59 UAE time
Notwithstanding the genuine concerns expressed below over current oversaturation and the apparent fixation on malls in the region I wonder whether these experts are again selectively interpreting statistics to give them the 'facts' they are looking for?
Do their figures of 1.9sqm per person include every person currently resident or only those who realistically have any opportunity to spend money in an upmarket mall? Surely if they include the millions of labour camp residents then this is hardly a true 'apples with apples' comparison given the average purchasing potential of an american resident??
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Retail supply
Posted by Gogi George at 08:39 UAE time
Statistics needs to be compared with the closest comparsion, comparing US density of retail availibility to ME retail stock is ridiculous,dynamics of both markets are very different, much of the local market in majority GCC states are floating population while US population is largely local. I hope that the consultants reflects realistic picture in the future.
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Posted on Wednesday, 25 February 2009
Enough already
Posted by Jeff at 20:33 UAE time
You really think matching the same numbers as the U.S. is a good thing? We have so many retailers shutting down here and malls are turning into ghost towns. People are starting to realize they don't want to walk around in a giant concrete structure lined with stores. It's really depressing.
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Depressing Malls
Posted by David B at 18:50 UAE time
More malls that look the same, offer the same things and rip you off in the same manner? Thanks but no thanks, I dont frequent malls because i am neither a teenager, nor lonely nor depressed nor a shopaholic, besides I busy myself in far more constructive and healthy activities than loitering aimlessly and wasting precious hours of my life. Dubai needs to be more creative than this.
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More Malls
Posted by hatemahmoud at 16:06 UAE time
I am a showroom owner in prestigious Mall in Dubai and the business is seriously affected. It's very very low...the Dubai Malls market is now oversupplied and very competitive . In addition, the regional small demography and toursim is slowdown is not helping.!
Construction of new Malls in other Emirates or GCC countries will reduce in substance the Dubai-Malls market share ...
So please Mr consultants : consult the concerned people to know the reality.!
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Really?
Posted by Doug at 15:50 UAE time
Dubai's oversaturated with malls. And somehow I don't think Ras al Khaimah's quite ready for such a 20th century concept. Seriously, malls aren't anything special and I've no idea why people in the UAE seem to get so excited about the prospect of lots of shops next to each other.
Instead of building more malls, how about attracting more shops full stop - useful ones which sell things that ordinary people need at prices ordinary people can afford. Not more 'luxury' stores selling diamond encrusted mobile phones for a billion dollars, somewhere you can buy clothes and shoes and food without needing a bank loan.
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More Malls
Posted by Bid at 13:38 UAE time
The US is so much cheaper than Dubai and you get better service and warranty!!!
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OH My God !! More Malls !! Why !! And For Whom !!
Posted by Tristan at 13:19 UAE time
I'm assuming that this is another marketing gimmick to boost confidence. Who is analyzing & writing such reports!! Over 55% of mall retailers are suffering or struggling to meet their ever increasing overheads, and the report is encouraging to build more malls!! Do we really need more marketing and leave the real issues tucked under our mattresses !! Why don't we face the Brutal Facts and do something !! and for a change, do something real !!
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