Set on the historic Dubai Creek, Dubai Festival City Mall has been undergoing a gradual transformation. The shopping centre, which is popular with many residents since it is already home to the likes of Ikea and Hard Rock Café, is being expanded, and once finished, will house 400 retailers and 75 restaurants. Its developer, Al-Futtaim Group Real Estate, is pumping Dhs1.2 billion into the mall’s redevelopment, which is due to complete later this year.
“We already have a number of unique-to-Dubai brands in our portfolio,” says Brad Merchant, general manager of the mall. “And as the redevelopment project continues to progress, we are expanding possibilities for shoppers and retailers alike, with the addition of more stores, food and beverage outlets and the all-weather waterfront, which will be Dubai Festival City Mall’s differentiator.”
The district is already well-served, with Al Badia Golf Club by InterContinental attracting tourists and UAE residents who are keen players. It’s also home to a number of schools, hotels, leisure facilities and entertainment outlets, and there are some freehold villas and apartments for sale in the area, with the Creek and proximity to the airport as well as the bustling Downtown Dubai a considerable draw. The developer is hoping that the expansion of the mall will see a spike in the number of those choosing to live and work in the area, thereby increasing its sense of community.
No exact date has been announced as of yet for final completion, but we have been told that Dubai Festival City will eventually be home to 50,000 residents living in 20,000 villas and apartments. We await that date with anticipation…