Our analysis indicates that Q1 2026 reflects a period of demand-led retail expansion, supported by controlled supply growth and sustained occupier activity across key sub-markets. Prime retail assets continued to anchor pricing strength, while community retail formats benefited from population growth and increasing consumption depth. Pricing growth remained strong despite early signs of stabilization, suggesting a market transitioning toward a more mature phase of expansion rather than short-term volatility. Dubai’s retail sector continues to be shaped by tourism growth, evolving tenant mix strategies, and the increasing role of experiential retail, positioning the market for sustained performance with greater differentiation across asset classes and locations.