BUSINESS

Dubai Holding and Emaar launch ‘Dubai Square’ retail metropolis

July 25, 2018
Aerial view of Dubai Square
Aerial view of Dubai Square

THE future of retail is here: Dubai Holding and Emaar Properties have announced the launch of Dubai Square, a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology.

Blurring the boundaries of online and in-mall shopping, integrating indoor and outdoor, and delivering a social experience like none other, the all-new Dubai Square is designed for the new era of customers, digital, connected and tech-savvy, and setting a benchmark for retail experiences in the 21st century.

Dubai Square was revealed today at an exclusive retailers event that offered a fully-immersive experience for the participants. Through state-of-the-art 3D projection technologies, they were given an overview of the world of opportunities that await them in partnering with the bold and ambitious development that will transform the retail landscape.

Abdulla Al Habbai, Chairman of Dubai Holding, said: “Dubai is experiencing tremendous tourist inflow and continues to rank highly as a holiday destination for people from many different parts of the world. The city’s appeal is anchored in its strong leisure and entertainment, retail and hospitality industry, the foundations of which Dubai Holding helped build and strengthen over time. The destinations we have delivered, such as Jumeirah Burj Al Arab, JBR, Global Village and Business Bay, are some of the most recognizable urban landmarks of today. Dubai Square is our new retail and leisure destination, and with this we aim to actually redefine the shopping experience by introducing a variety of innovative concepts. This is our latest endeavor to bring the best to Dubai, as part of Dubai Holding’s promise, ‘for the good of tomorrow’.”

Al Habbai added: “Dubai Holding has always been at the forefront of Dubai’s socio-economic growth through our contributions in building a range of strategic sectors. The retail sector is one of the pillars driving happiness amongst tourists, locals and residents alike, and as such remains a key focus for us. We continue to play an important role in its development for the benefit of Dubai’s future, in line with our Leadership’s vision of a happy and prosperous nation.”

Mohamed Alabbar, Chairman, Emaar Properties, said: “Dubai Square disrupts the traditional mall and retail experience. Focused on the aspirations of the new generation of customers, it reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to position Dubai as a global hub and a smart city. Dubai Square will play a pivotal role in further establishing Dubai as the next champion of global retail.”

Alabbar added: “With Dubai Square, we are delivering a new destination experience that will bring incredible value to our retail partners. Dubai Square is where technology meets the human touch, and retail meets next-generation entertainment. With its omnichannel offering, it not only drives in-store retail but also the online engagement of brands with customers. With its location in Dubai Creek Harbour, and by serving as the closest mega-retail district to millions of passengers passing through the Dubai International Airport, it meets the real need for a new generation lifestyle destination, especially given Dubai’s growth in population and tourist arrivals.”

Inspired by the world’s best destinations

Dubai Square is set in the heart of Dubai Creek Harbour, the 6 square kilometre mega-development only 10 minutes from the Dubai International Airport and the iconic Burj Khalifa by Emaar, as well as set by the historic Dubai Creek. Adjacent to Dubai Creek Tower, the astonishing new icon, Dubai Square – in its totality - represents a 2.6-million square metre (about 30 million square feet) retail, hospitality and residential district for the future.

With Dubai being the fourth most visited destination in the world, Dubai Square will also be the closest mega-retail district to millions of visitors passing through Dubai International Airport, which is just 10 minutes away. In addition to serving the over 3 million population of Dubai, and over 13 million unique transit passengers to Dubai, it will also serve over 2.5 billion people who are only 4 hours flying time from Dubai. It will play a central role in driving retail sales in Dubai, expected to be over $43.8 billion (AED160 billion) by 2021, and serving the estimated 20 million tourists to the city by 2020. — SG


July 25, 2018
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