House of Fraser will live to fight another day. Despite doubts around its CVA plan, creditors voted in favour of it on Friday which means it will now close 31 stores, reducing its size by more than half in the process.
Malls have spent a reported $8 billion on renovations to distance themselves from traditional retail outlets. Trends include renaming properties, and adding entertainment and residential features for secondary use.
The retail sector in Dubai for 2016 recorded its biggest jump in terms of store square meterage since 2010, with more foreign and local brands expected to set up shop inside newly built malls and shopping strips in 2017.