In its 1Q16 review of Dubai’s real estate markets, JLL noted that the retail vacancy rate is currently 8%, having been 8% in 1Q15. JLL observed that average rents have remained broadly unchanged over the last year or so: this has been true of both primary and secondary properties. JLL expects that both retail vacancy rates and retail rents will stay at around current levels over the coming year or so.

Source : JLL/Mar 2016/Dubai/RET