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Dubai’s retail market in 2015 is estimated to have reached $35.4 billion (Dh 129.9 billion ), achieving annual growth rates of 3.5 per cent to 7.5 per cent since 2010, according to analysis by the Dubai Chamber of Commerce and Industry based on data from Euromonitor International.
Consumer spending is expected to support the retailing activity to expand by 7.7 per cent in 2016, with growth thereafter at a CAGR of 8.1 per cent until 2020, when retailing sales turnover are expected to surpass $52 billion.