Dubai's surging real estate prices are reshaping the food and beverage sector, prompting a shift in entry and expansion strategies. As prime locations become increasingly scarce and expensive, businesses are now focusing on newly developed walkable zones and specially created dining areas as new hotspots. These areas are expected to attract significant foot traffic, creating opportunities for innovative dining concepts and vibrant street-level experiences. However, securing prime locations is becoming more competitive, with rising road pressure and the demand for better connectivity and green spaces. Real estate decisions are crucial, as property costs are the second-largest expense for outlets after staffing. Industry experts suggest that businesses should prioritize locations that align with customer demand and market trends, rather than rushing to secure a lease. Additionally, the UAE is solidifying its position as a global hotspot for innovation, attracting international brands looking to expand. With challenges in other regions, such as rising costs and regulatory changes, more brands are expected to explore opportunities in the UAE. (ICE DUBAI)

Fonte notizia: https://www.arabianbusiness.com/industries/real-estate/dubais-surging-real-estate-prices-hit-fb-mark