Plans for a major extension to Dubai’s Festival City – to incorporate the largest collection of luxury retailers in the emirate – have been revealed.
The Collection at Festival Centre, a 650,000 sq ft luxury expansion to the retail resort, will feature globally recognised flagship anchor brands and a mix of more than 170 premium fashion labels, designer homewares and top eateries.
The extension plan was showcased for the first time at the MAPIC 08 exhibition held at Cannes, France on Wednesday.
The Collection, which is designed to link directly into the 400-room Four Seasons Hotel, will complete the 2.9 million sq ft Festival Centre venue.
Dubai’s total market potential for luxury retail and leisure is forecast to show impressive growth from seven billion dirhams in 2010 to more than 20 billion by 2015.
Visitors to Dubai currently represent 69 percent of all luxury retail and leisure spending and this figure is forecast to rise to 77 percent by 2015 when 15 million visitors are expected to visit Dubai.
The ground and first floors of the Collection will be dedicated to luxury retailing and department stores while the second floor will feature designer homewares, a five star day spa and a luxury foodhall.
Michelin starred fine dining roof top restaurants are also proposed.
“The retail experience at The Collection will be second to none,” said Philip Evans, director of Retail Leasing, Al-Futtaim Group Real Estate.
“The strategic tenant mix will bring together the most influential and acclaimed names in fashion and hospitality. In line with our vision to deliver excellence we will be seeking new and vibrant retailers to add to this strong mix.”
Dubai Festival City is a 1,300-acre mixed use urban community stretching 3km along Dubai Creek developed and operated by Al-Futtaim Group Real Estate.
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