Dubai has counted the largest number of international brands than anywhere else in the world.
According to a new CBRE report, Dubai overtook London and became "the most important international trade center in the world."
The study showed that Dubai rose to first place in the ranking of cities with the largest number of international brands - 62 percent of retail brands are present here.
Last year, Dubai adopted 59 new brands, of which more than 40% were companies from Europe; 50% accounted for coffee brands and restaurants.
Dubai overtook Hong Kong in the number of new brands (86 new brands). Dubai came in second place, followed by Taipei (52), London (49) and Tokyo (46) in the top five.
“Dubai remains the region’s most attractive market for retail brands, many of which use the emirate as a launch pad for regional expansion,” said Nick Macklin, Managing Director of CBRE in the Middle East, North Africa and Turkey.
According to CBRE forecasts, about 1.5 million square meters. meters of new retail space can be added to the Dubai retail market over the next five years with an expansion of 50 percent of the current figure.
