Dubai rivals London as world shopping capital by Cheap Flights Booker UK

Dubai now rivals London for the title of the world"s leading city for shopping, according to new research.

CB Richard Ellis (CBRE) conducted a study focusing on 323 leading global retailers across 73 countries and found that both London and Dubai boast 56% of the brands surveyed.

New York emerged as the world"s third most popular retail destination, with 44.3% of the companies represented in the city, followed by Paris (43.6%) and Hong Kong (40.6%).

In country terms, the UK still has the edge over the United Arab Emirates with a 58% share of the brands covered by CBRE"s research, compared to the Middle Eastern nation"s 54%.

Discussing the results, Peter Gold, CBRE"s head of cross-border retail for Europe and the Middle East, noted that the UK continues to attract international retailers on the strength of its consumer sector and the promise of high turnover.

"London is a particular target and this proved to be the case again in 2010, in spite of a difficult economic environment," he added.

"The weakness of the pound against other countries helped to attract new retailers and more shoppers to the capital last year, with some 200m shoppers visiting the West End."


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