First Avenue mall announces Carrefour among anchor retail tenants

Tourism

First Avenue mall announces Carrefour among anchor retail tenants

Dubai, UAE - November 16, 2016: First Method, the brand-new mall and also resort prepared for Dubai's Electric motor City, has actually registered leading seller Carrefour as a crucial support renter in advance of the job's launch early following year.

As a current record reveals that Dubai's retail market will certainly exceed US$ 52 billion in sales by 2020 and also the Federal government intends to bring in 20 million travelers to the city, First Method is tipping up initiatives to safeguard significant sellers for the spots development.

Carrefour, possessed by Majid Al Futtaim, will certainly open up the brand-new shop in First Method, providing buyers range, worth and also benefit. Various other significant stores for First Method are being introduced in expectancy of the AED500 million job's launch throughout the very first quarter of following year.

Carrefour will certainly inhabit 15,000 sq/ft of room on the first stage of the brand-new shopping center's eastern side. The brand-new grocery store will certainly use Carrefour's varied item array at affordable rates, throughout food, drink as well as crucial family items.

Dr Ramy Moussly, ATDI General Manager, explained Carrefour as a crucial support occupant for First Method.

"In Carrefour, First Opportunity has actually a relied on retail brand with local as well as international acknowledgment.

Dubai is a top local retail centre, as well as customer costs is an essential financial diversity vehicle driver. Over the coming months, we will certainly introduce much more retail companions for the shopping mall which is reacting to require from citizens, travelers as well as business area for a special purchasing as well as friendliness experience. With medical care solutions and also a youngsters's home entertainment location situated in the development, First Method is an all-week-round location, as opposed to simply someplace to address the weekend break. We will certainly have a below ground parking lot with 400 areas," stated Mr Moussly.

Electric motor City's catchment location is quickly expanding, mostly owned by young family members and also professionals that desire a retail experience specified by top quality, option as well as comfort. Carrefour will certainly be amongst as much as 70 high-street stores in First Method, based beside the Dubai Autodrome. The shopping mall is anticipated to have 15 informal eating restaurants, along with a four-star 150-room resort, run by Park Inn by Radisson. The resort joins the shopping center, neglecting the race course. The development is had and also run by Saudi Arabia's Al Tawfeeq for Development as well as Financial investment (ATDI).
Inning accordance with Dubai Chamber of Business as well as Market, Dubai's retail market is anticipated to exceed $52 billion in sales by 2020, with typical yearly development of greater than 8%. Retail sales got to $35.4 billion in 2015. On the other hand, Dubai Tourist approximates that general resort area supply will get to 134,000 by the end of 2018 as the city intends to bring in 20 million visitors by 2020.