Retail visitors continue flocking to the UAE


March 12, 2017 | By RetailME Bureau

The number of retail visitors has gone up significantly in the UAE despite decline in oil prices and global economic uncertainties, indicates a market study conducted by Sàvant Data System, a Dubai-based solutions and services company providing business intelligence (BI) to the retail sector in GCC.

In 2016 the UAE accounted for the highest retail and mall visitor distribution in the GCC, largely owing to consistent efforts by the government to attract tourists and shoppers. Overall, the number of mall and retail visitor distribution in the GCC rose last year compared to 2015.

“It is a positive story for the region. There has been a rise in visitors by 5.8% as compared to 2015 (within the SDS retail client base). While the figures are reassuring, it is important that the retailers see this change of footfall and form pull strategies to widen their business. Having said that it is important to understand consumer behaviour and changing trends and customise their strategies accordingly,” says Vic Bageria, CEO & CVO of Sàvant Data System.

UAE & Saudi Arabia attract maximum retail visitors

The UAE has accounted for nearly half of the total retail visitor distribution with a whopping share of 49.95%, while Saudi Arabia took the second spot accounting for 34.39% of the total footfall.

Dubai itself attracted 171,568,575 visitors i.e. 25.8% of the total retail visitor distribution, indicates the Sàvant Data System research. Abu Dhabi attracted 67,944,386 visitors i.e. 10.2% of the total retail visitor distribution, which is majorly a result of Abu Dhabi’s recent development plans – including the Etihad Rail Project worth AED40 billion – to facilitate smooth mobility and hassle-free trade.

Qatar and Lebanon, on the other hand, accounted for the lowest percentage of retail visitor distribution, 1.15% and 0.02% respectively.

UAE malls pull significant footfall

The mapping statistics released by Sàvant Data System for a GCC malls revealed that the UAE is, yet again, the most sought after region for mall visitors, accounting for 62.09% of the total mall visitor distribution, followed by Kuwait and Qatar with 33.76% and 4.15%, respectively.

The UAE remains the top shopping destination as it continues to add more retail spaces like the Springs Village mall and the Emaar Malls’ new shopping spaces coming up at the Dubai Creek Harbour and Dubai Hills Estate. In Abu Dhabi mall developments include the Reem Mall worth $1 billion, Al Maryah Central worth $409 million, Al Falah Mall worth $239 million and Saadiyat Island worth $200million.

While Kuwait recently opened its Al Kout Mall by Tamdeen Group boasting of 260 outlets, Qatar is all set to open nine malls this year – including Al Hazm Mall, Doha Mall, Katara Mall, Al Mirqab Mall, Tawar Mall, Doha Festival City, Northgate, Place Vendome and Marina Mall.

Further, with Majid Al Futtaim’s recent rise in revenue, it is set to keep its developments in Egypt – he City Centre Almaza and Mall of Egypt – on track.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto




Download Images RetailME Magazine