Retail and Consumer Products
The retail and consumer products sector is one of the most fast-moving, and therefore challenging. Retailers must keep up with an ever-changing marketplace, both in terms of their customers’ tastes and the way in which they sell their products.
The retail world is constantly changing. Consumers are forever demanding more options and greater flexibility and retailers must adapt in order to compete.
The value of the UAE’s retail market was estimated at $56.6 billion at the end of 2016, and the UAE’s retail sales turnover is expected to exceed $71 billion by 2021.
UAE has just under two million square meters of space currently under construction, and the retail sector remains buoyant with approximately one million squares of a gross leasable area set to be handed over between 2018 and 2019.
Dubai will see an additional 717,000sqm of retail space, followed by Abu Dhabi which is set to increase retail spaces by 467,000sqm this year by the end of 2018.
Demand within the UAE’s retail sector remained steady in 2017, supported by a 5.8 percent year-on- year increase in footfall within shopping malls. This trend was supported by a rise in the number of tourists, the absence of sales tax, in addition to the expansion of sales events, promotions and shopping festivals.
The largest shopping malls in the UAE witnessed a steady increase in the number of visitors, which can also be attributed to the expansion of retail space, entertainment, food and beverage offerings.
The United Arab Emirates retail market is strongly supported by the hospitality sector. The delivery of a number of theme park complexes along with other cultural initiatives and other demand generators is expected to drive demand for the hospitality market, which will certainly have effects on the retail market. This is maintained by on-going investment in the supporting infrastructure namely Dubai International Airport (currently the largest in the world in terms of passenger traffic) and Al Maktoum International Airport (which will become the world’s largest airport with a capacity of more than 160 million passengers).
Our retail experts provide industrially stable consultancy over the full scope of lawful issues influencing those participating in the retail market.
We regularly exchange retail knowledge and issues with our clients and participate both as experts and as attendees to dedicated retail events as to ensure we are up-to- date with matters of importance concerning retailers. This has allowed us to give the best and most tailored advice.
We bring our judgment, experience, and know-how so that our clients can easily take their business decisions.
We offer a core team of lawyers who are specialist in retail and provide high-level, project-based strategic legal advice and we focus on adding value to your business wherever we can.
Our advice covers the full range of national and international retail and consumer legal issues including:
- Intellectual property and brand protection;
- Marketing and advertising including social media;
- Product packaging and labelling;
- Corporate transactions (mergers, acquisitions, dispositions) and tax;
- Commercial agreements;
- Data privacy and cybersecurity;
- Logistics, supply, and distribution;
- Product regulation and compliance;
- Health and safety regulation.
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