The Gulf luxury retail market is set for a painful slowdown after years of impressive growth but it remains one of the industry’s few relatively bright spots.
On reading the recent spate of death of Dubai articles (FT, Guardian, NY Times, WSJ etc) you’d think the place was finished. I spent a few weeks there recently and although there seemed to be visible signs of a slowdown (less traffic, quieter restaurants, etc) it’s far from game over.