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.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST RETAIL
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST RETAIL
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Islamic banks should target female market - report
- Travel & Hospitality: flydubai set to launch new flights to Nepal
- Real Estate: Dubai's Oct property sales value rises by 50% - official
- Politics & Economics: UAE considers allowing citizens to elect 50% of FNC
- Travel & Hospitality: Emirates brings forward Paris A380 plans
