Monday, June 04, 2007

Dubai to witness a surplus of mega malls

According to real estate developer Nakheel, the mega malls at Dubai is almost nearing capacity and there is an increased need for diversity in shopping concepts.

The CEO of Nakheel Retail, David Thurling, who is also behind the development of projects such as the Ibn Battuta Mall, is of the opinion that it is high time the local developers focused on new shopping concepts such as town center style shopping zones, factory outlets, and retail outlets and themed malls that link to main transport hubs. Even retail zones that are linked to metro stations, malls with focus on entertainment zones or shopping centers with a character or historical period theme are the other options that could be considered.

While speaking to delegates at the Dubai Retail City trade show, he said "The challenge for us in the industry is to think outside the square and to look at mall design in a different way for it to be competitive and offer something new in the market."

He added, that from a Nakheel point of view, the mega mall concept in Dubai cannot continue for long, as Dubai already has surplus current and upcoming malls, in addition to three largest shopping malls in the world, and we cannot continue building more of the same.

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