Retailers in Abu Dhabi and Dubai are bracing for a substantial boost this Saturday as Eid, and the attendant festivities, begins.
According to CBRE, property consultancy, Abu Dhabi ranked second in the Top 4 global destinations for retailers last year and it attracted 42 new retailers in 2013.
House of Fraser has wasted little time setting out expansion plans following its recent takeover by Chinese business tycoon Yuan Yafei.
Image credit: The Mall at World Trade Centre Aldar
House of Fraser will open its first store outside of the UK and Ireland in Abu Dhabi later this year, as it prepares to anchor The Mall at World Trade Centre. Expected to launch early in the second half of the year, House of Fraser’s new store will occupy three levels, joining H&M, BHS, Ted Baker and Pandora at the new shopping centre.
The District Mall. Image credit: LVMH/ TDIC
French retail conglomerate LVMH is set to develop a luxury shopping mall in Abu Dhabi under a new joint venture with The Tourism Development and Investment Company (TDIC). LVMH-sponsored private equity fund L Real Estate will now look to develop a 168,000 sqm shopping centre on the Saadiyat Island in Abu Dhabi.
It’s thought House of Fraser is preparing to take its department stores overseas as it considers a Middle Eastern expansion for 2013. Sources cited by the Sunday Express have said the group expects to test the water next year with its first store opening in Abu Dhabi.
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