"Dubai Holding Asset Management" The new identity is launched "Dubai Retil"

Dubai, September 4/ WAM/ Dubai Holding Asset Management announced today the launch of the new identity “Dubai Retil”, which includes under its umbrella more than 40 prominent darks and entertainment destinations.

This step constitutes an important station within the company’s future growth and development strategy, after the integration of the “Nakheel” and “Midan” companies under the umbrella of “Dubai Holding” last year, which enhances the efficiency of operations and expands the scope of attendance, and the long -term competitiveness.
This announcement comes to confirm the presence of “Dubai Retil” as a major pillar in the retail sector in Dubai, through an integrated group of ten commercial shopping centers, 15 entertainment destinations, and 18 shopping centers distributed throughout the city, and includes more than 6,500 retail stores on a rental area exceeding 13 million square feet, and through the diversity of its destinations, providing an integrated mixture of Topping, restaurants and entertainment, enhancing Dubai’s position as a leading destination for shopping and tourism.

On this occasion, Malik Al Malik, CEO of Dubai Holding Group for Asset Management, affirmed the contribution of Dubai Retil to develop the retail sector in the emirate, by enriching customer experiences and expanding the scope of options available to them.
He said that “Dubai Retil” benefits from the integration of the “Dubai Holding Group” system in real estate development and asset management, which gives it a high competitive capacity to seize the opportunities resulting from accelerated population growth, prosperity of tourism, and the development of urban structure.

He pointed out that the recent opening of the “Nad Al -Sheba” Mall, as well as the development of “Horse Avenue”, which will add more than 1.2 million square feet to the total rental space upon its completion, embodies the group’s commitment to providing distinct destinations that support the retail economy in Dubai, and combine shopping, restaurants and entertainment in vibrant centers.

For his part, Farid Abdel Rahman, Director General of Dubai Holding Holding Assets, said that this step enhances the ability of “Dubai Retil” to strategic growth and constantly develop its destinations in line with the aspirations of residents and visitors.

He added that by keeping pace with the directives of the global retail sector and upgrading customer experiences, we aspire to ensure the value of our destinations and enhance its competitiveness, seeking to contribute to the consolidation of Dubai’s position as a leading global destination in the retail sector.

Dubai Holding for Asset Management also announced yesterday, Wednesday, the launch of a new stage for “Nakheel Mall” under the name “Palm Jumeirah Mall” with the opening of the updated part, in a move that establishes its position as a major destination on the palm of Jumeirah, as well as the experiences offered by “Dubai Retil”.

“Dubai Retil”, as part of its future vision that is based on continuous development to keep pace with the aspirations of Dubai and supports its sustainable growth, both commercial shopping centers “Palm Jumeirah Mall – formerly known as” Nakheel Mall “,” Nad Al -Shiba Mall “,” The Otelet Village “, and” Circle Mall “, in addition to” Ibn Battuta Mall “,” Golden Mile Gallery “and” Evinho, “Bay Square” and “Dragen Mart”, in addition to “The Horses of Effino”, which will be opened to be added to this distinctive collection.

As for the entertainment destinations, they include “Bluatars”, “GBR”, “Palm West Beach”, “The Club in Palm West Beach”, “Vista Mary”, “Al -Khawaneej Walk”, “Souq Al -Seif” heritage, “Jumeirah City Market” and “Box Park” and the directions Dubai Islands “Distinguished.

All of these destinations are designed at a careful to devise unforgettable experiences, combining shopping, entertainment and authentic cultural heritage, in addition, the 18th shopping centers are characterized by strategic sites that serve major residential areas in Dubai, and include “Jumeirah Islands Center”, “Jumeirah Park East Center”, “Jumeirah Park Center”, “Al -Furjan Center”, “Al -Furjan West Center” and “Badra” Center, “Ramram Center”, “Shorouk Center”, “Group Square Center”, “Lian Center”, “Medina Center”, “Serena Center”, “Villanova Center”, “Heits Center”, “Districk One Center”, “Disavri Gardens Center”, “International City Center” and “Al Khail Gate Center”.

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