By Andy Sambidge
Cluttons says it has seen 'significant interest' from retailers for project which is set to open later this year
Dragon City, the new 115,000 square metre mall development, which is under construction in Bahrain, has pre-let more than 60 percent of space, according to Cluttons.
Unlike conventional malls, Dragon City, which is being built in the southwest corner of Diyar Al Muharraq City, will cater to both wholesale and retail consumer bases and is similar to the Dubai Dragon Mart concept.
The mall design is infused with Chinese architectural and cultural aspects and will incorporate 750 retail store units with 4,500 sq m designated for warehouse space.
Appointed by Chinamex, one of China's largest overseas trading companies, Cluttons is the official leasing agent of the multi-million dollar retail project.
It said in a statement that with an expected annual footfall of one to two million visitors, and retailers witnessing the success of Dragon Mart in the UAE, retail units are in high demand.
Harry Goodson-Wickes, head of Cluttons Bahrain, said: "60 percent of units are now pre-let at Dragon City; a significant milestone in the development which is set to transform the retail landscape in Bahrain. We continue to record significant interest from a wide range of retailers and wholesalers looking to increase their presence or position themselves in the Bahrain market.
"We expect even greater interest in the remaining units prior to the development's official launch later this year."
Last week, developer Diyar Al Muharraq announced that the main structural framework of Dragon Mall and the Asian Dining Street in Dragon City has been completed.
Dragon City is set to become a large scale trade platform for the direct sale of Chinese goods, with options for retail and wholesale opportunities and a tourist and entertainment site with Chinese architectural and cultural aspects.
The facility will offer a variety of Chinese products such as home appliances, household items, building materials, furniture, toys, machinery, garments, textiles, footwear and general merchandise.
The Dragon City concept was launched in May 2012 as the result of an agreement between Diyar Al Muharraq and Chinamex.