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Nakheel .... bringing big retail brands to Al Khail Avenue.

Nakheel signs up Landmark for new retail venture

DUBAI, May 17, 2015

Nakheel’s Al Khail Avenue shopping, dining and leisure destination at Dubai’s Jumeirah Village will feature some of the biggest names in retail, following a new deal with Landmark Group, one of the region’s largest retail and hospitality conglomerates.

Landmark will operate over 25 of the UAE’s favourite fashion, electronics, homeware, food and beverage and entertainment brands at Al Khail Avenue, which is being built alongside Dubai’s Al Khail Road, on the eastern edge of Jumeirah Village Triangle.  

Among them are Home Centre, Centrepoint, Emax, New Look, Reiss, Fun City, Shoexpress, SportsOne and Candelite.

Landmark’s outlets will occupy over 220,000 sq ft at the mall.  Last month, Nakheel confirmed that Al Khail Avenue will feature a 14-screen movie complex from Reel Cinemas. High-end British supermarket chain Waitrose is also on board, said a statement from Nakheel.

Omar Khoory, the director of Nakheel Retail, said: "Al Khail Avenue is proving a magnet for retailers, restaurant operators and entertainment-related businesses wanting to be part of this exciting new destination development."

"Our partnership with Landmark Group is a major milestone for Al Khail Avenue and the start of what we believe will be a long-term collaboration as we continue our expansion into the retail sector," he added.

Manu Jeswani, the director at Landmark Group, said: "We are committed to strengthening our presence and serving various communities across the UAE. Our comprehensive, value-driven, family offering is extremely popular amongst shoppers and our audiences enjoy the convenience of easy, accessible shopping."

Al Khail Avenue is close to numerous key residential developments and will truly enhance the shopping and entertainment offering in Dubai. "We are bringing over 25 core brands to the mall and, through our strong presence, will cater to a large, captive, loyal shopper base. We believe that this partnership will impact our business goals positively,” he added.

With a total of 1.2 million sq ft of retail space, Al Khail Avenue will have 350 shops, a diverse range of cafes and restaurants including al fresco dining and a multi-storey car park with 4,400 spaces. Construction will begin this year, with expected opening in 2018.

"Al Khail Avenue will be a new destination for Dubai’s tourists and residents, and a convenient, on-the-doorstep shopping and leisure hub for people living at Jumeirah Village, Jumeirah Park and other nearby areas," stated Khoory.

Nakheel’s retail project portfolio is set to become the biggest in the UAE, with 10 new large-scale developments and a growing collection of smaller-scale community retail centres on the way.

The company has more than 11 million sq ft of leasable retail space in the pipeline, adding to the 2.5 million already in operation at its Dragon Mart and Ibn Battuta Mall developments, he added.-TradeArabia News Service




Tags: nakheel | retail | Landmark |

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