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<\/p>\n","protected":false},"excerpt":{"rendered":"Dubai\u2019s retail sector is undergoing a major transformation with the rise of e-commerce and evolving customer preferences shaping a new \u2018retail logistics\u2019 industry. A wave of innovative new real estate solutions in the logistics sector are creating alternative investment opportunities, reveals JLL\u2019s new report, launched at Cityscape Global 2019.<\/p>\n
As a global leader in both retail and logistics, Dubai is well placed to leverage the retail industry\u2019s rapidly changing dynamics including rising e-commerce, new disruptive technologies and evolving consumer tastes. To take full advantage of these trends, retailers are addressing the challenge of fulfilling increasing demand for online delivery while balancing an oversupply of traditional retail space. The answer is neither brick-and-mortar nor e-commerce but a combination of both into \u2018omni channel retailing\u2019 which allows retailers to optimize their real estate portfolios and boost their performance.<\/p>\n
\u201cPortfolio optimization is driving demand for more and better quality warehousing as retailers seek to satisfy changing business models to meet the needs of their growing consumer base.\u00a0 Many retailers are finding themselves with excess stock within stores but a shortage of quality warehousing. We estimate that at least 50% of recent demand for warehouse space across the UAE comes from the retail sector,\u201d said Craig Plumb, Head of Research, JLL MENA.<\/p>\n
The boom of online retail is increasing demand for warehousing space and logistics solutions that meet today\u2019s fast paced customer demands. Retailers are now investing across the full supply chain, not just traditional physical spaces.<\/p>\n
Commenting on the new research, Thierry Delvaux (CEO of JLL MEA) notes, \u201cTechnology will be a game changer in supporting omni channel servicing in the emerging retail logistics sector. Private and public sector industry players will have to adopt and fast track a number of new innovations in the supply chain such as automated delivery, tech enabled personalization, digitization of addresses and investing in pick up locations.\u201d<\/p>\n
\u201cDubai has traditionally adopted a \u2018build it and they will come\u2019 philosophy – a strategy that has grown the city into the modern metropolis it is today. In the current era of uncertainty a new strategy of \u2018come and you can build it\u2019 is emerging, creating an opportunity for these players. This is what is redefining the future of retail in Dubai. Retailers need to earn more from their real estate, to economize through embracing smart technology that boosts returns,\u201d commented Delvaux.<\/p>\n
According to JLL, increased private sector participation will be a key driver for success of the retail logistics industry. Greater flexibility allowing real estate players to build customized warehouse facilities is expected to attract global retail chains and optimize returns for traditional retailers entering the online delivery space.<\/p>\n
\u201cWe expect to see more investment from the private sector in years to come as a number of recent relaxations to government regulations will allow greater flexibility on building bespoke logistics solutions. Another factor driving this growth is the creation of specialist funds seeking to invest in the logistics sector,\u201d added Delvaux.<\/p>\n
JLL\u2019s \u2018Redefining Retail Logistics \u2013 the Dubai Experience\u2019 report gives an overview of the challenges, opportunities and wave of innovative solutions propelling the Emirate\u2019s retail and logistics sectors.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Dubai\u2019s retail sector is undergoing a major transformation with the rise of e-commerce and evolving customer preferences shaping a new \u2018retail logistics\u2019 industry. A wave of innovative new real estate solutions in the logistics sector are creating alternative investment opportunities, reveals JLL\u2019s new report, launched at Cityscape Global 2019. As a global leader in both […]<\/p>\n","protected":false},"author":1,"featured_media":16173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/16172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=16172"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/16172\/revisions"}],"predecessor-version":[{"id":16174,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/16172\/revisions\/16174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/16173"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=16172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=16172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=16172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}