Dubai retail rents rise 5.9% as strong demand supports prime locations

Dubai: Dubai's retail property market maintained strong occupancy levels and demand during the first half of 2026, with average retail rents rising by 5.9% year-on-year, according to data from Engel & Völkers Middle East. Data showed that average retail rents increased from AED238 to AED252 per square foot during the first six months of the year. The company said occupancy levels and underlying demand remained strong, while the limited availability of prime retail space continued to support rental growth. It expects the market to remain resilient during the second half of 2026, with continued upward pressure on rents in prime…