Luxury Retail scored 18 percent growth in 2011 in the Dubai

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26-Jan-2012

In a recent interview, Patrick Chalhoub the CEO of Chalhoub group stated that the luxury retail growth in Dubai has recorded between 12 to 18 percent growth during 2011 compared 8 to 10 percent in other international markets. According to Chalhoub, the emirates of Dubai have secured a double digit growth in its luxury retail by passing many international markets. This is due to the vibrant market, the diversification of the influx of tourism into the emirates mainly from China, European countries and other Arab and GCC states.

 

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