BinHendi closes luxury avenue in Dubai

SHUT DOWN: BinHendi Enterprises is in discussions with the owner of Deira City Centre Mall over the future of its self-named avenue. (Getty Images)

Luxury brand owner BinHendi Enterprises is in talks with the owners of Deira City Centre about the future of its self-named avenue, which makes up a significant proportion of the shopping mall, Arabian Business can reveal.

Visiting the mall on Tuesday Arabian Business discovered all shops in the luxury BinHendi Avenue had been closed, with only Noodle House and Cafe Di Roma open for business.

According to a waitress at Noodle House the two dozen or so shops had been closed for two weeks, but both restaurants had no plans to shut, she added.

A spokesperson for the Majid Al Futtaim Group, owner of Deira City Centre, confirmed on Tuesday that BinHendi was in discussions with the group for its future leasing plans of the avenue.

“Negotiations are going on between the tenant and the leasing department but nothing has been finalised yet,” she said.

The two-storey avenue had been home around 26 high-end stores selling brands such as Hugo Boss, Porsche Design, Phat Farm, plus a BinHendi Boutique selling luxury watches and jewellery, and dining outlets.

The avenue was opened to a huge fanfare in December 2005.

In February a new BinHendi Boutique was opened in Dubai Mall, following on the heels of another store in the Burj Al Arab in June 2008.

BinHendi was not immediately available for comment.

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READERS' COMMENTS

Closing is better
Posted by Property Guru, Dubai, UAE on Sunday 17 May 2009 at 11:29 UAE time


Closing a business is a better sign rather than keeping it open - not paying its liabilities and finally announcing bankruptcy. The person closing business is more prudent thatn a person who is forced to close it.

What is the point in General Motors "HAVE TO" shut down many of its dealership after reaching on the verge or still going for bankruptcy.

No Wonder
Posted by SA, UAE on Friday 15 May 2009 at 13:58 UAE time


Who are they kidding? THe place was empty all the time. THere were hardly any people shopping at BIn Hendi Avenue, I remember my friend and I used to go there a lot because we KNEW it was a quiet place to be since there are no people around. No wonder they closed down.

Retail collapse!
Posted by Paul King, Dubai, UAE on Wednesday 13 May 2009 at 21:01 UAE time


Another sign that after property, retail is the next sector to completely collapse in the UAE. Too many malls with too many retailers selling merchandise at some of the highest prices in the world! We should welcome this positive collapse because maybe Dubai will return to the basics of retail... Providing consumers with good service and products at the prices they want to pay.

Bin Hendy
Posted by harry vaessen, Eupen, Belgium on Wednesday 13 May 2009 at 14:04 UAE time


Don't worry about the buying-potency of the visitors of DCC on longer term, the"economical crisis" will come to an end.
I personally met with Mr. Bin Hendi in the late nineties, he is a great businessman and now with the assistance of his daughter, I am sure they know very well what they are doing.

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