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FINANCIAL NEWS
Dubai’s apparel, footwear records 5.5 percent increase
16 Apr 2016
(MENAFN) Dubai’s market for apparel and footwear logged a 5.5 percent annual increase in sales since 2010, which reached almost USD 12.8bn.
Moreover, the sales in the apparel market estimated at USD 2.4bn and USD 1bn, while supply has kept pace with rising demand.
Accordingly, growing economic prosperity, steady population growth, and rising incomes are leading sales in main retail segments of Dubai.
On the other hand, the country is known as a leading luxury shopping destination in the region and a major hub for premium brands.
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