Souq.com expects to double its sales during this year’s annual event, compared with its 2014 editionNovember 25, 2015 9:59
Waitrose to be part of DAMAC’s mega project
The 26,000 square-foot grocery outlet to be anchor tenant in retail centre.
January 15, 2014 5:34 by kippreport
Waitrose, the supermarket chain of the John Lewis Partnership, is planning to open a 26,000 square-foot store in the AKOYA by DAMAC Retail Centre, luxury developer DAMAC announced yesterday, January 14.
Set within the 42 million square-foot golf and lifestyle community in Dubai, Waitrose will be the anchor tenant of the precinct, which will include high-end shopping outlets, a pharmacy and restaurants.
The shop will be the eighth Waitrose to open in the UAE under a licence through the retailer’s partnership with Fine Fare Food Market (FFFM).
AKOYA by DAMAC, which is set around the Trump International Golf Club, will include 4.3 million square feet of private parkland, with luxury branded villas by Fendi, Paramount and Trump, providing a new level of luxury living.
Niall McLoughlin, senior vice-president of Dubai-based DAMAC Properties, describes Waitrose as the “ideal anchor tenant” for the retail centre, adding that it will complement the luxury living environment.
The AKOYA by DAMAC Retail Centre will cover a total of 94,500 square feet with upscale casual dining options, cafes, a pharmacy, travel agency, dry cleaners, opticians and a host of fashion stores. Construction at the site is already well underway, with the first handover of units scheduled for completion by the end of 2015. The master plan was unveiled at the end of April 2013 and, according to the developer, a “great deal of work” has already been undertaken onsite in the past eight months. The firm says more than 100 work orders and packages have been placed and the Trump International Golf Club, Dubai is taking shape under the guidance of internationally-renowned architect and designer Gil Hanse.
DAMAC Properties has completed 8,887 units to date and has a further 23,688 units at various stages of progress and planning across the Middle East region.