Emaar’s mall footfall down 10 per cent due to Iran war, says Alabbar
Footfall and retail sales at Emaar’s malls have fallen by about 10 per cent and hotel occupancy has dropped sharply as the Iran war weighs on tourism and consumer spending in Dubai, Emaar founder Mohamed Alabbar said on Thursday. “In our mall business, we are 10 per cent less in traffic. We were growing 10 per cent per year for the last five years,” Mr Alabbar told the Bloomberg Invest event in…
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