Realestate
Dubai Festival City Offers Unrivalled Opportunity for Premium Retailers in Growth Market
Posted on: Wednesday November 19 , 2008  10:03:39 AM (GMT+4) Submit Press Release

Email | Print Comment Recommend this story (*) [-]Text[+]


RELATED NEWS
 DSF Office announces DSF 2009 Lexus Mega Raffle
3 January 2009
 Marks & Spencer Al-Futtaim Unveils Sumptuous Occasion Wear for Festive Season
1 December 2008
 Eid District to highlight Emarati culture during Eid in Dubai
30 November 2008
 Dubai witnessing car rental boom
23 November 2008
 Al-Futtaim appoints Group Director, Al-Futtaim Group Real Estate
28 October 2008


  • The Collection, Dubai Festival City, the largest luxury collection of fashion, food and lifestyle in Dubai showcased at MAPIC 2008
     


The Collection at Festival Centre, a 650,000 sq ft luxury expansion to the award winning retail resort, located at the heart of Dubai Festival City, will feature globally recognised flagship anchor brands and a mix of over 170 premium fashion labels, designer homewares and world renowned dining experiences was showcased at MAPIC 08 exhibition held at Cannes from November 19 – 22, 2008. The Collection, which is designed to link directly into the 400 room Four Seasons Hotel, the world’s most exclusive, luxury hotel brand and the first in the United Arab Emirates, will complete the 2.9 million sq ft Festival Centre retail resort.
 
Dubai’s total market potential for luxury retail and leisure is forecast to show impressive growth from approximately AED 7 billion in 2010 to AED 20.6 billion by 20151. Visitors to Dubai currently represent 69% of all luxury retail and leisure spending and this figure is forecast to rise to 77% by 2015 when 15 million visitors are expected2. Key tourism initiatives such as Dubai Shopping Festival and quality retail environments are strategically important to Dubai maintaining its position as one of the world’s top two shopping havens. This high level of tourism, coupled with a rapid population growth of approximately 25,000 new residents each month provides a rare and exciting opportunity for premium brand retailers.
 
Dubai Festival City is a 1300 acre mixed use urban community stretching 3 kms along Dubai Creek developed and operated by Al-Futtaim Group Real Estate, part of the dynamic Al-Futtaim group, one of the most progressive, private businesses in the region with over 70 companies. Festival Centre, which attracts 20 million guests a year, forms the focus of the community and enjoys a superior Creekside location and successfully blends shopping, dining and entertainment, hotels and a luxury Mediterranean styled Festival Marina to create a lifestyle and ambience reminiscent of the Cote D’Azur.
 
“The retail experience at The Collection will be second to none” says Philip Evans, Director of Retail Leasing, Al-Futtaim Group Real Estate. “The strategic tenant mix will bring together the most influential and acclaimed names in fashion and hospitality. In line with our vision to deliver excellence we will be seeking new and vibrant retailers to add to this strong mix”.
 
The Collection will house the largest grouping of luxury retailing in Dubai and the tiered architectural design provides multiple opportunities for retailers to attract and engage with guests. The ground and first floor will be dedicated to luxury retailing and department stores. The second floor will feature designer homewares, a five star day spa and a luxury foodhall. Michelin starred fine dining roof top restaurants will have spectacular views over the Creek and the famous Dubai skyline.


Email | Print  
RECOMMEND THIS STORY
 Your Vote
Average Rating
This article has been Rated 0.0 stars


Comments

There are no comments posted yet.
Add your own comment:
All posts are sent to the administrator for review and are published only after approval. Eyeofdubai.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name:
*
Comment:
*
Email:
*
    

Advertising Info
Most Popular
 AC Milan opens doors to the public
31 December 2008
 Wareed Unveiled to MOH Personnel and UAE Medical Community
31 December 2008
 World Future Energy Summit welcomes Tony Blair to Abu Dhabi
3 January 2009
 PHILIPS WELCOMES THE MOMENTUM TO ACCELERATE THE SWITCH TO ENERGY EFFICIENT LIGHTING SOLUTIONS
31 December 2008
 Emaar Properties to start a new chapter in its growth story in 2009, says Alabbar
31 December 2008
LATEST IN BUSINESS & MONEY
 H.H. Sheikh Mohammed bin Rashid Al Maktoum Accession Day
 Tameer Towers Awarded Highest International Property Distinctions
 2009: Significant year for Dubai Maritime City as it prepares to fill Middle Eastern sea trade niche
 RTA Air-Conditioned Bus Shelters Project Bags Gulf Engineers Excellence & Creativity Award
 New Hanjin IMU Service at Khorfakkan
TOURISM & ENTERTAINMENT
 Promotions and marketing campaigns intensify as Sharjah Spring Promotions 2009 draws near
 AL BUSTAN PALACE INTERCONTINENTAL MUSCAT ANNOUNCES OFFICIAL REOPENING
 THE WOMAN IN BLACK
 Samaya Hotel Deira celebrates 1st year with extended weekend package on suites
 Traditional Syrian drinks for all at the Global Village
TECHNOLOGY & IT
 Avaya Launches Energy Saving Calculator
 Sun Services Provide Expertise in Energy Reduction, Virtualization and High Performance Environments to the Middle East
 New Dyneon Emulsifier Eliminates APFO from Production of Fluoropolymers
 TigerFish Network set to compete with Google and Yahoo
 Epson launches new CD/DVD production system that allows data burning and photo printing in one fully automated process
OIL, GAS & ENERGY
 World Future Energy Summit welcomes Tony Blair to Abu Dhabi
 PHILIPS WELCOMES THE MOMENTUM TO ACCELERATE THE SWITCH TO ENERGY EFFICIENT LIGHTING SOLUTIONS
 HIGH-LEVEL U.S. PRESENCE CONFIRMED FOR WORLD FUTURE ENERGY SUMMIT
 Dana Gas announces further important gas discovery in Egypt
 GULF ENERGY MARITIME IS 2008 TANKER COMPANY OF THE YEAR
EDUCATION
 Research and Development Crucial in a Time of Crisis
 e-TQM College open for Spring 2009 Admission
 Taaleem Announces Senior Appointments
 King Saud University and ICDL Saudi Arabia jointly establish Saudis groundbreaking ICDL for the Blind program
 Young Arab Leaders (YAL) and Daimler AG partner for developing talent and cross-cultural dialogue
HEALTH & BEAUTY
 Qatar educating Middle East healthcare profession
 ELAKKIZHI OR PATHRASWEDA
 The Fountain Of Youth: Not Just a Myth?
 PHILIPS PROVIDES CARE EVERYWHERE AT ARAB HEALTH 2009
 Boots launches expert skin analysis service
STYLE
 Unique limited edition Quinting watches at Damas transforming dreams into reality
 Latest Roberto Coin jewellery offering pure indulgence to discerning women across the region
 IWCS CARBON NEUTRAL WATCH A SYMBOL THAT THE WORLD CAN BE SAVED
 BAUME & MERCIER LAUNCHES Riviera XXL HIGH JEWELRY FOR ELEGANT WOMAN
 Tag Heuer Launches New Stylish Timepieces for Women
SPORTS
 Dubai Holding to send football fans to Muscat for GCC Cup championship
 Network International hosts Argentina team at Rugby Sevens
 AC Milan opens doors to the public
 Hamdan Bin Mohammed Program for Sports Leadership Development launches first activity
 SPANISH MATADOR JIMÉNEZ LOOKING TO TAME ABU DHABI


   Eyeofdubai.com sponsored by :
Dubai Muncipality Department of Civil Aviation - Government of Dubai Dubai Shopping Festival - 2008 Roads & Transport Authority of Dubai Dubai Chamber of Commerce Etisalat Emaar du - Add life to life