Lootah breaks ground on Dubai Investment Park retail hub
DUBAI, October 28, 2020
Lootah Real Estate Development, one of the region’s most prominent real estate developers, today (October 28) broke ground on Ewan Retail, its new 1,400-sq-m lifestyle retail hub coming up at Ewan Avenue located in Dubai Investment Park (DIP).
Lootah Real Estate Development (Lootah), , on October 28 has broken ground on Ewan Retail, its new lifestyle retail hub in Ewan Avenue located in Dubai Investment Park (DIP).
Spanning 2,300 hectares, DIP features a vast range of industries, including food and beverage, construction materials, residential and hospitality properties, schools, hotels, several shops and a hospital.
It is also strategically situated near areas that significantly see a growth of thriving economic activities, such as Dubai Production City, Maktoum International Airport, and the Jebel Ali Free Zone.
The Ewan Retail groundbreaking ceremony was attended by Lootah’s top officials, including CEO Saleh Abdullah Lootah, COO Russell Owen, and key stakeholders and partners. The shopping destination is set for opening in Q1 of 2021.
Following the reopening of businesses and various sectors in the UAE due to its successful fight against the pandemic, residents have been constantly visiting shopping and food establishments to address their lifestyle needs.
Buoyed by this regained trust from the market, Lootah has undertaken the groundbreaking of this project in order to cater to the increased consumer confidence.
Lootah’s CEO Saleh Abdullah Lootah said that the company has chosen DIP as the hub for its newest lifestyle retail project due to the wide range of opportunities and modern urban living experience that this neighbourhood offers to businesses and residents.
“Ewan Retail, our newest undertaking near the sought-after Ewan Residences, promises to address the needs of residents seeking a modern lifestyle that is within reach. We are truly excited about this project, and we are confident that it will reflect our commitment to serve the community in the most convenient way possible,” he remarked.
Lootah mirrors its commitment to address these daily needs of its residents through Ewan Retail—which aims to offer convenience through its several retail shops, a gym, and a hardware, he noted.
Its casual dining options, meawhile, will include Arabic, Asian, and other world-renowned cuisines—assuring that it will cater to every palate. It will also be accessible to all the residents of DIP, he added.
Owen pointed out that the Ewan retail project guarantees to address the growing demand of residents in Ewan Residences and other communities in DIP.
"The demand for lifestyle and retail needs are highly progressive in this neighbourhood and Lootah is committed to delivering a unique level of amenities for this community," he added.-TradeArabia News Service
