Dubai second most popular retail hotspot: Report

DUBAI: Dubai has become the second most popular retail hotspot for international brands, after London, global realty consultant CBRE has said.

According to CB Richard Ellis's (CBRE) annual report, Dubai is home to the second-highest number of international brands, about 55 per cent of the 294 retailers surveyed.

It is close to the estimates of retailers in London, which has 56 per cent, while Paris and New York have 46 and 44 per cent, respectively.

Dubai has also welcomed new international brands in the past year.

On a country-wide basis, the United Arab Emirates (UAE) is the second most popular among retailers, behind the UK and ahead of the US and France.

Dubai is at the third position in the number of luxury retailers at 85 per cent of the 47 surveyed, behind Hong Kong and London.