UAE | General
Retailers rake in profits this Diwali season
Dubai's retailers are enjoying a boom time this week as the Indian community goes on a buying spree for Diwali, a popular festival in India.
- By Cleofe Maceda, Staff Reporter
- Published: 23:36 October 27, 2008
Dubai: Dubai's retailers are enjoying a boom time this week as the Indian community goes on a buying spree for Diwali, a popular festival in India.
Malls and jewellery traders are already set to spoil shoppers for choice, stocking up on inspiring gifts and jewellery items, which are expected to be the runaway hit this season. Other retailers are also offering Diwali gifts to drive up consumer spending.
According to K.P. Baiju, managing director and chief executive officer of Buz Consulting, Diwali is one of the lucrative festivals for the retail sector, as the plethora of attractive offers has been proven to encourage more people to open their wallets.
"Overall retail in Dubai will pick up now because of Diwali. In terms of general retail, there will be a lot of offers and opportunities for customers to purchase," Baiju told Gulf News.
To mark the Diwali celebrations, the Dubai Outlet Mall announced that shoppers who spend Dh350 sbetween Sunday and Wed-nesday will be entitled to a Diwali gift.
"Like all other major festivals, we extend our sincere greetings to everyone and welcome them to Dubai Outlet Mall for Diwali. We offer a wide selection of memorable, traditional and classic gifts for Diwali with affordable price choices," said Vishal Mahajan, director of Dubai Outlet Mall.
Related Links
Diwali's shopping fever doesn't just permeate the malls. According to the World Gold Council, Dubai's gold souq and jewellery shops have also stacked an array of products that range from necklaces, earrings, pendants, finger rings and bracelets.
Lama Al Saheb, public relations manager of World Gold Council, said the markets are full of traditional Indian jewellery, including pieces that have been exclusively handcrafted to highlight the emotions attached to Diwali, as well as gold's eternal value.
"Indian women enjoy wearing gold jewellery on Diwali as it enhances their femininity and adds a dash of glamour to their outfits during the festive occasion," Al Saheb said in a press statement.
Latest news
- Youngsters dance and raise cash for charity
- Dubai departments upgrade services
- Get yourself a free test for diabetes
- Ensuring a safety net for intellectual property
- Reader's issue addressed
- 5,552 illegals held in Dubai this year
- Man cleared because he took drugs in France
- Man charged with trafficking women
- Auditors to probe Mizin graft case
- Transfusion centre launches new toll free number
- Mirror, mirror show me the way
- Last minute ID rush is on
- Breaking down cultural barriers with photographs
- Abu Dhabi Crown Prince visits Islamic centre
- Smart e-Gate system launched
Community Reports
-
Mirror, mirror show me the way
Driver on Salam Street had so many boxes and fruits piled into car, he would not be able to view rear or right side mirrors
-
Parents should be more vigilant
Reader's picture highlights risk of negligence by caretakers
-
Warming up to ‘Mobilise the Earth' theme
Dubai school dedicates a whole week to celebrating Earth Day with can-collection drives, sapling plantation and painting competition among others
-
Drivers using mobiles put others' lives at risk
Speeding is dangerous for the driver and other motorists
