B1 Mall - Al Barsha, Dubai
Introducing Esplanade Walk, Al Barsha 1, Dubai, UAE. The community retail asset, which is set to complete in summer 2021, has a gross leasable area of 125,000 sqft. It is located in one of the most well-established neighbourhoods in Dubai (directly opposite Mall of the Emirates) with a catchment size of 214,603 nationals and residents within a 3km radius, catering to both middle-income expat households and high-income UAE nationals. We are targeting only best in class brands that will enhance the overall asset value, maintaining a highly selective standard across all categories.
Introducing Esplanade Walk, Al Barsha 1, Dubai, UAE.
The community retail asset, which is set to complete in summer 2021, has a gross leasable area of 125,000 sqft.
It is located in one of the most well-established neighbourhoods in Dubai (directly opposite Mall of the Emirates) with a catchment size of 214,603 nationals and residents within a 3km radius, catering to both middle-income expat households and high-income UAE nationals. We are targeting only best in class brands that will enhance the overall asset value, maintaining a highly selective standard across all categories.
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<strong>B1</strong> mall<br />
<strong>Al</strong> <strong>Barsha</strong>
Overview<br />
This is a lifestyle retail development over a total of 12,000 m2 of<br />
GLA, offering a mix of outdoor and indoor retail spaces in a<br />
superb location in <strong>Al</strong> <strong>Barsha</strong>, adjacent to the <strong>Mall</strong> of the<br />
Emirates.<br />
The site benefits from good accessibility from arterial roads and<br />
via <strong>Dubai</strong> metro, with other retail developments in proximity to<br />
the subject site including Lulu Hypermarket, <strong>Al</strong> <strong>Barsha</strong> <strong>Mall</strong> and<br />
Galleria <strong>Mall</strong> <strong>Al</strong> <strong>Barsha</strong>.<br />
The retail mall intends to be a modern, aesthetically appealing,<br />
and an experience-driven destination and with <strong>Al</strong> <strong>Barsha</strong> being<br />
an established neighbourhood in <strong>Dubai</strong>, the subject site has a<br />
healthy catchment size of 214,603 nationals and residents<br />
within a 3 km radius.
Location<br />
The subject site is located near a number of major attractions<br />
and retailers.<br />
The primary retail destination and footfall generator in the<br />
immediate vicinity is the <strong>Mall</strong> of the Emirates, featuring a variety<br />
of high street fashion outlets and branded F&B tenants.<br />
MOE- Metro Station<br />
Major grocery anchors include the Carrefour in <strong>Mall</strong> of the<br />
Emirates, and a Lulu Hypermarket servicing the grocery and<br />
household goods needs of the submarket.<br />
A Warehouse Gym to the east in <strong>Al</strong> Quoz Industrial Area serves<br />
as the primary fitness facility.<br />
The majority of the <strong>Barsha</strong> 1 submarket is dominated by podium<br />
level retail, primarily convenience stores and locally branded<br />
F&B outlets. These include Laffah, Koshari Abu Tarek, and Mr.<br />
Fish.<br />
<strong>Mall</strong> of the Emirates<br />
The proposed development may distinguish itself by offering<br />
experiential retail underpinned by boutique F&B tenants with<br />
supporting service anchors.<br />
Subject Site<br />
<strong>Dubai</strong> Marina<br />
<strong>Dubai</strong> Downtown<br />
Palm Jumeirah<br />
<strong>Dubai</strong> International Airport<br />
11 Km<br />
18 minutes<br />
17.3 Km<br />
19 minutes<br />
13.8 Km<br />
22 minutes<br />
27.8Km<br />
24 minutes
Property Highlights<br />
Excellent location<br />
Street frontage<br />
The subject site has the potential to cater to the<br />
retail demand emanating from the established<br />
middle and high income residential areas of <strong>Al</strong><br />
<strong>Barsha</strong>.<br />
The site benefits from excellent frontage<br />
along <strong>Al</strong> <strong>Barsha</strong> Road, which will help attract<br />
footfall to the retail development.<br />
Connectivity<br />
F & B<br />
The subject site is in proximity to the RTA <strong>Mall</strong> of<br />
the Emirates metro station and is well connected<br />
to arterial roads through series of internal and<br />
service roads.<br />
The demand for F&B in the catchment<br />
area is strong due to an ethnically diverse<br />
expat population and UAE nationals.<br />
Market gap<br />
MoE offers international branded retail, while the street retail in the immediate vicinity offers local,<br />
non-branded retail. This highlights a market gap for organised retail which is easily accessible<br />
offering a mix of international and boutique brands that are well established in the local market.
<strong>Dubai</strong> retail market overview<br />
While the retail sector has been negatively impacted by the<br />
COVID-19 outbreak, market performance is expected to recover<br />
and thrive over the long term, particularly in underserved<br />
segments<br />
74% of <strong>Dubai</strong>'s population aged 10 - 44<br />
74% of the <strong>Dubai</strong>’s population falls within the 10 to 44 years age bracket i.e. primary retail patrons.<br />
<strong>Dubai</strong>’s population is expected to increase to 3.66 million by 2030 from 3.35 million in 2020<br />
creating further opportunities for retail development.<br />
EXPO 2020 and fewer restrictions lead to<br />
tourism boom<br />
While tourist arrival numbers declined significantly in 2020, we expect a quick recovery in tourism<br />
as a direct result of both EXPO 2020 and the easing of COVID-19 travel restrictions due to<br />
availability of vaccines. Further to this, a large share of passengers are flying through <strong>Dubai</strong> to their<br />
final destinations due to lack of competitive airline operators.<br />
Retail spend projected to grow by 21%<br />
within 5 years<br />
Retail spend is forecasted to increase from AED 154.5 Billion in 2020 to AED 187.6 Billion by<br />
2025, indicative of a positive outlook for the retail sector.
Contact Us<br />
FOR FURTHER INFORMATION AND VIEWINGS<br />
Viewing can be arranged by the exclusive leasing agents Knight Frank.<br />
Joel McQueen<br />
Associate Partner, Retail Leasing<br />
T: +971 54 5500 099<br />
E: joel.mcqueen@me.knightfrank.com<br />
Adam Wynne, BSc (Hons) MRICS<br />
Manager - Middle East Capital Markets<br />
T: +971 56 4741 921<br />
E: Adam.Wynne@me.knightfrank.com<br />
These particulars should not be construed as a RICS Red Book valuation or an offer for sale/lease. In accordance with the law, all offers will be subject to contract and/or a legally executable agreement . <strong>Al</strong>though a high standard of care<br />
has been taken in the preparation of the information, analysis, views and projections presented, it remains solely the responsibility of the purchaser or incoming lessee to verify independently all information provided in these particulars<br />
prior to entering into a legal contract. No legal responsibility can be accepted by Knight Frank or its employees for any loss or damage resultant from the contents of these particulars or statements made. RERA Broker Number: 43930
DUBAI, UNITED ARAB EMIRATES<br />
Shk. Zayed Road<br />
MOE- Metro Station<br />
Halim Street<br />
<strong>Mall</strong> of the Emirates<br />
<strong>Al</strong> <strong>Barsha</strong> Road<br />
Lulu Hypermarket<br />
<strong>Al</strong> <strong>Barsha</strong> Road<br />
Main Road<br />
Subject Site
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