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As rents drop, some UAE retailers find this is 'best time to expand'


Dubai: It’s not only apartment rents that are under intense pressure in Dubai – even rates for ground floor stores are dropping. Even by as much as half in the same location as retailers rush to book space on terms that would have been deemed impossible even a year ago.
Landlords are even willing to consider longer term leases to retailers, which too is a first in that category of the retail market. “We are talking about fixed contracts for five or six years as against the annual renewals of the past,” said Dhananjay Datar, Chairman and Managing Director at Al Adil Group, which is opening four locations this month, including one in Abu Dhabi. ....

United Arab Emirates , Gulf News , Abu Dhabi , Al Adil , Dhananjay Datar , Deepak Soni , Al Adil Group , Stock Dubai , Image Credit , Managing Director , Marhaba Jewellers , Deira Souq , ஒன்றுபட்டது அரபு அமீரகங்கள் , வளைகுடா செய்தி , தனஞ்சய் டாக்டர் , தீபக் சோனி , ஸ்டாக் துபாய் , படம் கடன் , நிர்வகித்தல் இயக்குனர் , மர்ஹாபா நகைக்கடைக்காரர்கள் , தேற சூக் ,