Dubai-based property development firm Damac says its plans for a new retail complex in the city have taken particular inspiration from popular shopping destinations in the US and Europe.
The company says that it is preparing to create a street of cafés and shops that will be on par with a number of popular sites overseas, such as the Champs Elyseés in Paris and Beverly Hills’ Rodeo Drive.
According to thenational.ae, the strip will be located at Damac’s Akoya site, to the east of the central business district. In total, the development covers 42 million square feet of land, with the new street stretching approximately 1.3 kilome tres – making it one of the longest parades of its type in Dubai.
As well as shops and restaurants, the complex will comprise of an outdoor cinema, the area’s first artificial ice rink, a children’s play area and golfing facilities.
Damac’s managing director, Ziad El Chaar, was quoted by designmena.com as saying: “Dubai has a lot of shopping malls which are more like an air-conditioned shoe box. This is a walking, strolling experience with the family.”
A number of retailers and other businesses are thought to have already signed up to lease space on the new street, although the developer is yet to provide any further details. It has, however, said that it expects around 80,000 people to live within te n miles of the development when it is completed in 2018, making it prime investment space.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.