Dubai: Holiday trips and staycation deals entered into by UAE residents will have a big say in how other key sectors such as retail and F&B fare during the extended Eid break.
For Dubai residents, there is also one other factor – rents- that will have a say in consumer spending during this crucial shopping period. Ever since the updated RERA Rental Index took effect from April 1, resident-tenants who have rental leases up for renewal have been taking ‘drastic’ steps to manage their budgets ahead of the revised demands from landlords, industry sources say. The local market has already recorded subtle changes in spending patterns during the just concluded Ramadan period. While spending on essentials such as grocery ticked higher – helped by the UAE authorities ensuring prices of key commodities remained unchanged – there was less on more…
