FESTIVAL CITY, THE MALL OF THE MONTH

Publication

9 February 2017 à 16h32

Updated on 10 May 2019 à 17h59

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2 minutes

Publication: 9 February 2017 à 16h32, Updated on 10 May 2019 à 17h59

Reading time: 2 minutes

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Publication

9 February 2017 à 16h32

Updated on 10 May 2019 à 17h59

Reading time

2 minutes

Publication: 9 February 2017 à 16h32, Updated on 10 May 2019 à 17h59

Reading time: 2 minutes

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Three months after the reopening of the Festival City Dubai (extension of 20,000 sq.m completed in September 2016, investment of US$409 million), consumer footfall has “increased significantly”, said Steven Cleaver, Director of shopping centres at Al Futtaim Real Estate, owner of the mall. With 9,000 parking spaces, this mall is leased at 91%, a rate similar to Dubai’s current occupancy rate (in late 2016).

Amid a fiercely competitive retail sector in Dubai, the Festival City mall has...

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