Dubai's summer shopping festival gets under way today as malls across the emirate undergo face-lifts amid rising competition.
Retailers are hoping that visitors opting for Dubai as a result of the so-called Arab Spring will boost sales.
"A lot of tourism in the region will be attracted to Dubai," said Neelesh Bhatnagar, the chief executive of Emax Electronics. "Summer Surprises is typically quite good for the market … and people who come on holiday to the UAE also benefit."
The large numbers of foreign tourists meant more customers buying electronics to take back to their home countries, he said.
While many retailers in the West offer reduced prices in the winter as incentive for customers to trudge through snow or brave wet weather, in the Middle East the decline in the numbers of shoppers occurs during the summer. This year, the Dubai Summer Surprises event has been cut to five weeks, ending on July 31, rather than extending into August as has been done in the past.
The event has been cut back so as not to clash with Ramadan, which this year begins at the start of August.
Retailers have mixed feelings about the length of the sales period, which has been shortened to 40 days from 64 in 2009.
The shorter sales period was not as much of a concern as the fact that Ramadan and the "back to school" period would overlap this year, Mr Bhatnagar said.
Business from foreign tourists is also expected to fall during Ramadan as visitors from the Gulf are more likely to go on holidays before the holy month, he said.
Other retailers are worried that the shorter sales period allows for less time to clear stock.
But the recent increase in the number of shoppers comes as the outlook for retailers appears brighter, said Simon Thomson, the principal at Retail International, a consultancy.
"They're doing a little better than they were doing six or nine months ago," he said. "Dubai and now Abu Dhabi as well are benefiting a bit from some of the political disturbances that have been [taking place] in Cairo and elsewhere. Tourist shoppers are coming back and choosing to shop in the Gulf."
The result would be a boost for some malls that are starting to see tenants depart, Mr Thomson added.
"We've seen that in Dubai particularly, where some of the more expensive, high-end brands are moving out and [malls] are waiting for more value brands," he said.
But the summer boost for retailers comes alongside steadily falling rates for mall rentals, said Craig Plumb, the head of research for the Middle East and North Africa at Jones Lang LaSalle.
"Rents have been falling over the last six months, and we think overall the market is probably close to the bottom," he said.
The large number of malls in Dubaiwas helping to push down rents, Mr Plumb added, although spaces at big shopping centres such as Dubai Mall and Mall of the Emirates were seeing the greatest demand among occupiers, at the expense of others such as Wafi Mall and BurJuman Mall.
"The big malls are going to benefit from tourism retailing, which tends to be focused on [those] with good relations with the hotels," Mr Plumb said.
ghunter@thenational.ae
COMPANY%20PROFILE
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Notable groups (UAE time)
Jordan Spieth, Si Woo Kim, Henrik Stenson (12.47pm)
Justin Thomas, Justin Rose, Louis Oosthuizen (12.58pm)
Hideki Matsuyama, Brooks Koepka, Tommy Fleetwood (1.09pm)
Sergio Garcia, Jason Day, Zach Johnson (4.04pm)
Rickie Fowler, Paul Casey, Adam Scott (4.26pm)
Dustin Johnson, Charl Schwartzel, Rory McIlroy (5.48pm)
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Playing records of the top 10 in 2017
How many games the top 10 have undertaken in the 2017 ATP season
1. Rafael Nadal 58 (49-9)
2. Andy Murray 35 (25-10)
3. Roger Federer 38 (35-3)
4. Stan Wawrinka 37 (26-11)
5. Novak Djokovic 40 (32-8)
6. Alexander Zverev 60 (46-14)
7. Marin Cilic 43 (29-14)
8. Dominic Thiem 60 (41-19)
9. Grigor Dimitrov 48 (34-14)
10. Kei Nishikori 43 (30-13)
COMPANY%20PROFILE
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COMPANY%20PROFILE%20
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TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
Scoreline
Bournemouth 2
Wilson 70', Ibe 74'
Arsenal 1
Bellerin 52'
The specs: 2018 Infiniti QX80
Price: base / as tested: Dh335,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 400hp @ 5,800rpm
Torque: 560Nm @ 4,000rpm
Fuel economy, combined: 12.1L / 100km
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
The%20specs
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204-cylinder%202-litre%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E252%20brake%20horsepower%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E352Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh146%2C700%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
2018 ICC World Twenty20 Asian Western Sub Regional Qualifier
Event info: The tournament in Kuwait is the first phase of the qualifying process for sides from Asia for the 2020 World T20 in Australia. The UAE must finish within the top three teams out of the six at the competition to advance to the Asia regional finals. Success at regional finals would mean progression to the World T20 Qualifier.
Teams: UAE, Bahrain, Saudi Arabia, Kuwait, Maldives, Qatar
Friday fixtures: 9.30am (UAE time) - Kuwait v Maldives, Qatar v UAE; 3pm - Saudi Arabia v Bahrain
THE%20SPECS
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Company%20profile
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Company profile
Name: Tharb
Started: December 2016
Founder: Eisa Alsubousi
Based: Abu Dhabi
Sector: Luxury leather goods
Initial investment: Dh150,000 from personal savings