Al-Futtaim group owned Dubai Festival City launches expansion plan phase two that will create more retail space and F&B outlets facing Dubai Creek. There will be a large Festival Square with dining locations facing waterfront.
On the other hand, Dubai Mall and Mall of the Emirates are also going under major expansion work. The expansion plan is started to meet the increasing demand of more retail and F&B outlets for visitors.
“Responding to the wants and needs of our guests and retailers underpins all that we do,” said Murray Bell, Managing Director, Retail, Al-Futtaim Group Real Estate.
Mall has seen a lot of growth recently with major brands starting their operations like Emax, Max and H&M. H&M picked 18,500 square feet of space in the mall’s North Crescent Walk.
The growth of all the projects shows positive sign in Dubai real estate market. One of our senior property consultants commented, “Dubai real estate market can never crash and what happened in recent years is just an international ripple effect that affected every country. Now Dubai is recovering faster than ever and positive signs in the economy as well.”
It is the best time for investors, sellers and buyer to deal in real estate because more and more projects are being announced. There are investment opportunities and the prices will go high in coming months.
Call Bluechip Real Estate 04 395 1212 to buy, sell or rent properties in Dubai.