A view of Shaikh Zayed highway towers is seen from the sky deck of world's tallest building, Burj Khalifa in Dubai, United Arab Emirates, Saturday, Sept. 29, 2018. (AP Photo/Aijaz Rahi)
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Walk into the latest expansion of Dubai's financial district and you'll see a handful of small art galleries, some upscale men's tailors and plenty of retail space waiting for takers. The Dubai International Financial Centre isn't being spared a slump in the emirate's retail and property market as it struggles to attract tenants to its 1 billion dirham ($272 million) Gate Avenue expansion -- a marble-lined underground promenade linking the hub's main district to nearby towers.Dubai is set to see retail space surge by 42 percent by the end of 2021, according to property adviser JLL.In spite of Gate Avenue's slow start, Dubai has multibillion-dollar plans to add an area almost the size of London's Canary Wharf to the financial center. Dubbed DIFC 2.0, the plan will add 1.2 million square meters, with a focus on fintech and innovation.
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