UAE’s retail industry nearing pre-pandemic levels, Middle East’s biggest mall operator says

UAE’s retail industry nearing pre-pandemic levels, Middle East’s biggest mall operator says

The UAE's retail economy is "inching towards pre-pandemic levels" as customer confidence returned during the last three months of 2020 and the first three months of this year, according to the Majid Al Futtaim.

Spending on fashion items had already reached pre-Covid-19 levels by March this year, a month when consumer spending by residents rose 17 per cent month-on-month, the company said in its State of the UAE Retail Economy report.

Majid Al Futtaim, which owns Mall of the Emirates, said visitor numbers in its retail establishments are picking up.