Noida, India (PressExposure) July 01, 2011 -- According to our new research report "UAE Retail Industry Analysis", the retail sector has one of the fastest growing sectors in the UAE for the past few years. The country is also emerging as the most attractive retail destination in the world on the back of strong economy, rising population, increasing consumer confidence, and soaring domestic consumption. Moreover, favorable government policies and active participation of the private sector have facilitated the country's retail environment. On the back of these factors, the UAE retail industry is anticipated to grow at a CAGR of around 8% during 2011-2014.
As per our findings, there has been a rise in the construction of retail mall space in the country. Moreover, Dubai has become the hub of retail construction developments in the UAE. Fast inflow of foreign retailers is fuelling growth in the shopping mall retail area development. The number of shopping malls has multiplied at the fastest pace during the past few years. This has resulted in higher availably of shopping space for consumers and is boosting retail sales in the region. Moreover, the cumulative retail space supply is projected to reach 5.75 Million Sq M by 2014 end.
Besides, our report covers the analysis of all prominent market segments, like food and non-food to provide a deep and informative understanding of the market. The future growth areas discussed in the report helps in analyzing the emerging market segments for players.
Our report "UAE Retail Industry Analysis", comprises thorough research and in-depth analysis of the retail sector. Detail data and qualitative analysis will help clients in evaluating the leading-edge opportunities critical for the success of retail market. Our research report provides a detail analysis of the UAE retail sector along with its future outlook till 2014.
Further, it has included information on retail formats and opportunities & challenges critical for the success of the UAE retail market. The forecasts provided in the report are based on the correlation of past market trends, statistical analysis, and industry drivers, and provides a direction to clients, in which, the industry is likely to proceed in future. It will also help clients in identifying the potential growth areas of the UAE retail industry.
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