UAE residents are world's third biggest F&B spenders

UAE residents are world's third biggest F&B spenders
The Dining District at Al Ghurair Centre.
Published: 15 May 2017 - 2:46 a.m.
By: Claudia De Brito

An increasing appetite by UAE consumers for dining out, coupled with a boost in tourism has led one of the UAE’s longest established malls to significantly increase its food and beverage offering.

Al Ghurair Centre located in Deira, has launched the Dining District, a dedicated area within the mall, offering a multitude of global cuisines including Asian, South American, Indian, Western and Arabic. Located on the mall’s ground floor and spanning over 10,421 Square feet, the space accommodates more than 3,000 people and features Michelin-starred Taiwanese restaurant Din Tai Fung.

The surge in its F&B proposition aligns with the growing UAE trend for retail malls to offer a multitude of cuisines and dining experiences, from fast food through to healthy and elevated dining options. 

This holds true to the most recent report from international property consultants, CBRE, which highlighted that UAE residents are the third biggest spenders on food and beverage worldwide, with 60% of consumers visiting a mall purely to eat or drink. The report pointed out that the main difference between the UAE and other markets is that many more consumers the country see retail as a pastime, with the F&B element considered a key part of the experience.  It also indicated the growing trend for mall visitors to seek out healthy options and innovative concepts.

The proportion of space occupied by F&B within the mall environment across the UAE is on an upward trajectory, and currently accounts for 20% of the retail mix, with that figure set to increase to to 30% within the next five years. 

Al Ghurair Properties CEO Sultan Al Ghurair said in a statement: “As the longest established mall in Dubai we have built up a loyal patronage from both consumers and the business community, from ex-pats and locals alike.  We also welcome tourists and short stay visitors who really like the fact that we have a proud heritage and offer something unique and authentic in the heart of old Dubai. It has always been our aim to provide a wide selection of restaurants and cuisines that cater to a range of tastes and palates and our new concept has gone a long way in realising our vision.”

 

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