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UAE firm to retail space for Stargate

Dubai, February 16, 2009

Real estate agency Great Properties is leasing retail space for the Stargate project in Zabeel Park in Dubai 

The Dh400 million ($189 million) Stargate project in Zabeel Park is expected to attract an estimated 3 million visitors per year, according to a statement. Developed by Osus, Stargate occupies an area of more than 260,000 sq ft in Dubai’s Zabeel Park.

Stargate is a family oriented theme park built in the form of a spaceship with five wings, which provide exhibition and retail spaces on various captivating themes. It also includes five domes, known as ‘domes of fun,’ connecting the wings and acting as the main activity areas. Each dome includes educational and entertaining games and attractions centred around a high-tech, outer space theme heralding a new era of family ‘edutainment.’

“Stargate is a unique and creative mixed-use project and will be very attractive to families with children from the ages of 4 till the early teen years. There is nothing like it the Middle East,” said Rose Marie Kilzi, leasing director for Great Properties. “Part of the project will include a ‘space mall’ with a variety of retail outlets set in futuristic surroundings as well as other outlets spread out across the project.”

Kilzi also cited that Great Properties is offering the retail space for rent on an annual basis with prices varying between Dh300 and Dh400 per square foot. Rent per annum for kiosks varies between Dh130 to Dh150 per square foot. The outlet areas start from 217 sq ft up to 1982 sq ft.

“This is our first collaboration with Great Properties, and we are very pleased to be partnering with them on this one-of-a-kind project,” said Abdullah Al-Ghobain, CEO Stargate. “We look forward to a successful relationship that can extend to a long-term collaboration.”

Some of the other attractions at Stargate include a ‘direct three dimensional (D3D)’ hi-tech edutainment theatre with laser shows and 3D games, the largest soft play area for kids in the world, a ‘no speed limit’ zone with go-karting facilities and the ‘spinning earth’ rollercoaster.

Stargate will be operational from May 2009, the statement said. – TradeArabia News Service




Tags: UAE | real estate | Park | Great Properties | Stargate |

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