Why is the occupancy at malls low if the UAE's retail sector is doing well?

"The occupancy levels of many shopping centres rises and falls. We are at a bottom point of that to rise up again", said David Macadam, CEO of Middle East Council of Shopping Centres. "For 400 million people in the US, there is 68sq ft of retail space per person. In the UAE there is 17sq ft, so there is quite a big difference", he explains.
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