Latest news with #malls
Khaleej Times
2 days ago
- Business
- Khaleej Times
Dubai's summer spending surges by over 100% during summer sale season
Dubai Summer Surprises (DSS) 2025 has witnessed exceptional economic growth during the first six weeks of the festival, with retailers and malls across Dubai recording over 100 per cent average increase in consumer spending. Organised by Dubai Festivals and Retail Establishment (DFRE) and running until August 31, strategic partnerships from leading corporations and citywide stakeholders has helped deliver unmatched shopping experiences for residents and visitors. Tens of thousands of shoppers actively engaged with more than 1,000 brands at over 3,500 outlets spanning over 100 retail destinations, marking a significant milestone for the city's summer retail sector. Driving this growth performance is the introduction of a strategic phased approach this DSS, anchored around three distinct retail seasons specially curated for Dubai's evolving consumer landscape and peak shopping cycles. The phased retail strategy commenced with the inaugural Summer Holiday Offers that helped catalyse early-summer retail activity from June 27 to July 17. The strongest momentum to date was fuelled by the recently concluded Great Dubai Summer Sale season, accelerating in-mall activity and transaction volumes across key retail categories by delivering the deepest discounts of the season and up to 90 per cent off during limited-time flash sales from July 18 to August 10. Looking ahead, the ongoing back to school season is expected to sustain momentum until August 31, ensuring a strong close to DSS by targeting families and students with value-led retail experiences. Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), said: 'Dubai Summer Surprises is not only one of the city's most beloved annual festivals, but a key contributor of economic resilience, tourism impact, and sustained growth for the retail sector. With thousands of offers, more than 1,000 brands and over 3,500 outlets across more than 100 retail destinations, DSS continues to firmly position summer as a peak economic period for the city.' Underscoring the strength of Dubai's summer retail ecosystem and the effectiveness of the city's coordinated festival strategy, retail groups, mall operators, and brand partners across the city have reported notable increases in footfall, transaction value, and overall customer engagement. Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, said: 'We are thrilled with the impressive mid-season results, which clearly show the effectiveness of this year's refreshed strategy in sustaining momentum and delivering exceptional value. The visibility and engagement generated through Dubai Summer Surprises and other citywide shopping festivals have significantly amplified awareness of the CBD brand among residents and visitors alike.' Baiju Kurieash, CEO and Founder of BUZ Management and Marketing LLC, said: 'Retail festivals like DSS play a pivotal role in driving footfall, boosting consumer confidence, and ultimately accelerating growth within Dubai's tourism ecosystem. It's incredibly rewarding to see the synergy between retail and tourism come to life through campaigns like these.' Fuad Mansoor Sharaf, Managing Director of Shopping Malls at Majid Al Futtaim commented: 'Dubai's retail calendar continues to evolve into a world-class tourism engine, and DSS is proof of that momentum in action. At Majid Al Futtaim, we're honoured to play a role in shaping the region's vibrant retail tourism landscape.' Hayssam Hajjar, Director Asset Management UAE, Al-Futtaim Real Estate said: 'Retail festivals like Dubai Summer Surprises play a vital role in energising Dubai's tourism and economic growth. This season, we have seen strong performance across both our destinations, with a notable increase in footfall and 7 per cent growth in sales across key retail categories.' Nisreen Boustani, PR & Communications Manager, Mercato & Town Centre Jumeirah, commented: 'The Great Dubai Summer Sale energised Dubai's retail and tourism sectors. Overall, we've recorded a 51 per cent year-on-year increase in sales. DSS plays a vital role in turning Dubai into a summer shopping hotspot, attracting more visitors and delivering meaningful business growth for retailers across the city.'
Zawya
4 days ago
- Business
- Zawya
Dubai Summer Surprises spending surges by over 100%
Dubai Summer Surprises (DSS) 2025 has witnessed exceptional growth during the first six weeks of the festival, with retailers and malls across Dubai recording over 100 per cent average increase in consumer spending. Organised by Dubai Festivals and Retail Establishment (DFRE) and running until August 31, strategic partnerships from leading corporations and citywide stakeholders has helped deliver unmatched shopping experiences for residents and visitors, say organisers. Tens of thousands of shoppers actively engaged with more than 1,000 brands at over 3,500 outlets spanning over 100 retail destinations, marking a significant milestone for the city's summer retail sector, they said. Driving this growth performance is the introduction of a strategic phased approach this DSS, anchored around three distinct retail seasons specially curated for Dubai's evolving consumer landscape and peak shopping cycles. The phased retail strategy commenced with the inaugural Summer Holiday Offers that helped catalyse early-summer retail activity from 27 June to 17 July. The strongest momentum to date was fuelled by the recently concluded Great Dubai Summer Sale season, accelerating in-mall activity and transaction volumes across key retail categories by delivering the deepest discounts of the season and up to 90 per cent off during limited-time flash sales from 18 July to 10 August. The GDSS Shop, Scan and Win promotion - which featured the summer's biggest prize draw for a life-changing AED1 million in cash or a brand-new Nissan Patrol - attracted over 27,000 entries, amplifying retail engagement and footfall across participating malls and stores. Looking ahead, the ongoing Back to School season is expected to sustain momentum until 31 August, ensuring a strong close to DSS by targeting families and students with value-led retail experiences, DSS organisers said. Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), commented: 'Dubai Summer Surprises is not only one of the city's most beloved annual festivals, but a key contributor of economic resilience, tourism impact, and sustained growth for the retail sector. The year's packed programme of unmatched retail experiences reinforces summer as the best-value time to experience Dubai across every preference and price-point, ultimately delivering on our promise of a summer well spent for everyone.' Al Khaja added: 'Our refreshed structure for DSS this year - anchored around three distinct retail seasons - enables our valued partners to strategically align with consumer behaviours during key seasonal moments, helping to sustain steady engagement and footfall throughout the summer. With thousands of offers, more than 1,000 brands and over 3,500 outlets across more than 100 retail destinations, DSS continues to firmly position summer as a peak economic period for the city.' Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Khaleej Times
4 days ago
- Business
- Khaleej Times
Dubai's summer spending surges by over 100% during DSS sale season
Dubai loves to shop, and here's proof. Dubai Summer Surprises (DSS) 2025 has witnessed exceptional economic growth during the first six weeks of the festival, with retailers and malls across the emirate recording over 100 per cent average increase in consumer spending. Organised by Dubai Festivals and Retail Establishment (DFRE) and running until August 31, strategic partnerships from leading corporations and citywide stakeholders has helped deliver unmatched shopping experiences for residents and visitors. Tens of thousands of shoppers actively engaged with more than 1,000 brands at over 3,500 outlets spanning over 100 retail destinations, marking a significant milestone for the city's summer retail sector. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Driving this growth performance is the introduction of a strategic phased approach this DSS, anchored around three distinct retail seasons specially curated for Dubai's evolving consumer landscape and peak shopping cycles. It began with the inaugural Summer Holiday Offers that helped catalyse early-summer retail activity from June 27 to July 17. The strongest momentum to date was fuelled by the recently concluded Great Dubai Summer Sale season, accelerating in-mall activity and transaction volumes across key retail categories by delivering the deepest discounts of the season and up to 90 per cent off during limited-time flash sales from July 18 to August 10. The GDSS Shop, Scan and Win promotion — which featured the summer's biggest prize draw for a life-changing AED 1 million in cash or a brand-new Nissan Patrol — attracted over 27,000 entries, amplifying retail engagement and footfall across participating malls and stores. Looking ahead, the ongoing Back to School season is expected to sustain momentum until 31 August, ensuring a strong close to DSS by targeting families and students with value-led retail experiences. Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), commented, "Dubai Summer Surprises is not only one of the city's most beloved annual festivals, but a key contributor of economic resilience, tourism impact, and sustained growth for the retail sector. The year's packed programme of unmatched retail experiences reinforces summer as the best-value time to experience Dubai across every preference and price-point, ultimately delivering on our promise of a summer well spent for everyone.'
CNA
7 days ago
- Business
- CNA
CNA938 Rewind - New look but can refurbished malls increase footfall?
The Cathay at Dhoby Ghaut will officially reopen on Friday (Aug 15), after about a year and a half of redevelopment works. It follows other malls like City Square Mall which has undergone a makeover. We examine how much refurbishment works will translate to an increase in footfall.
Argaam
07-08-2025
- Business
- Argaam
Cenomi Centers: Westfield branches in Jeddah, Riyadh to raise 2026 EBITDA by SAR 650M
Alison Rehill Erguven, CEO of Arabian Centres Co. (Cenomi Centers), said the financial impact of the Westfield Jeddah and Riyadh projects is expected to boost EBITDA by 40%, or SAR 650 million. Through its partnership with Unibail-Rodamco-Westfield (URW), Cenomi Centers will develop six malls, of which Westfield Jeddah and Westfield Riyadh will be opened by 2025-end and by Q2 2026, respectively. In an interview with Asharq Business, Erguven said the relevant financial impact is expected to show in 2026 once both malls are up and running. Regarding the completion of Cenomi Centers' program to sell non-core assets at an estimated market value of around SAR 2 billion, the CEO added that the company will exit the remaining assets worth SAR 900 million in the second half of 2025. Most of these are land plots located in Al-Qassim. In May, Cenomi Centers signed an exclusive 10-year strategic partnership and franchise agreement with URW, under which the former obtains exclusive licensing rights for the Westfield brand in Saudi Arabia, Argaam earlier reported. Cenomi Centers' net profit rose to SAR 688.8 million in H1 2025, compared to SAR 531.5 million during the same period in 2024, while the second-quarter profit reached SAR 471.8 million.
