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Dubai malls to hike retail rents 35pct in 2011

Posted on 18 November 2010

From Arabianbusiness.com: Landlords in Dubai malls have raised their rents for next year by as much as 35 percent, the head of one of the emirate’s largest retail conglomerates has said.
Leaseholders can expect a significant hike in shop rents following a pick-up in sales across the emirate, said Abdulla Al Gurg, group general manager of Easa Saleh Al Gurg Group, which operates brands such as Better Life, United Colours of Benetton and Unilever……………………………………….Full Article: Source


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