Dubai transitions into “a global destination” for shopping as retail boom spurs economic recovery – ArabianBusiness

Dubai transitions into “a global destination” for shopping as retail boom spurs economic recovery – ArabianBusiness

The retail sector continues to be a booming one in Dubai accounting for 30 percent of UAE’s $71 billion total sales in 2021, or $21.3 billion, amidst a continuing e-commerce boom and the opening of new malls, the most recent of which was the Dubai Hills mall in mid-march.

This performance has been bolstered by several factors, including Dubai’s hosting of Expo 2020 over the course of six months, and the post-pandemic tourism recovery.

“The global ease in travel bans, easing of health restriction, successful national vaccination programs, and the launching of Expo 2020 Dubai October 2021 have all supported the ongoing economic recovery of the emirate and the UAE national economy at large,” said Hamad Buamim, president and CEO, Dubai Chambers speaking at the annual Retail Summit, held in Saudi Arabia mid-March.