Setting new standards within the Abu Dhabi shopping mall industry, Dalma Mall became one of the few malls to report 99% plus tenancy of the gross leasable area in Q1 2019.
Over the years, Dalma Mall has become one the most preferred malls for retailers in Abu Dhabi, which is clearly visible in the increasing occupancy rate of retail outlets. In Q4 2018, the mall reported an occupancy rate of 98.5%, which has increased further to 99% plus at the end of the first quarter of 2019. Its strategic location, audience-first choice, performance assessment and the mall management working with retail groups to sustain and enhance their business have been the key reasons for success.
“To achieve the number of 99% plus occupancy rate is simply incredible,” says Bhupinder Singh, general manager & CFO, Dalma Mall. “We place all our retailers at the heart of the mall development and that has paid the dividends. Over the years, we have looked at issues that mall tenants have faced in the past and removed any uncertainty concerning the retailers. Our policies are very transparent and are in line with the government directives, and most of the retailers trust us with a long-term lease contract.”
The retail mix at Dalma Mall will see the opening of exciting new retail partners including HOB, Riva, Sumo Sushi & Bento, Levi’s, Molten Chocolate Café, Hardee’s, Ajman Bank, UPIM and Mexx. With these new launches, the mall is expecting a growth in the number of visitors by 5-10% over last year.
“With more than 450 internationally & regionally renowned and established brands associated with Dalma, we have set an example in the industry. We expect the momentum to continue throughout 2019 and in the coming years,” adds Singh.
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