New lifestyle retail destination for Saadiyat


January 21, 2013 | By RetailME Bureau

Abu Dhabi-based Tourism Development and Investment Company (TDIC) has announced its joint venture partnership with L Real Estate (LRE), an international real estate development and investment fund sponsored by LVMH, to develop ‘The District’, a lifestyle retail destination on Saadiyat island’s Cultural District.

The District, which is scheduled for completion by 2017, comprises three levels – all above ground starting from the street level – distributed over 1.8 million sqft of leasable space with more than 550 units allocated for luxury and fashion brands, dining outlets, high-end department stores, home furnishing chains, art galleries, family entertainment venues and various other speciality stores and services.

Strategically positioned among the three world-class museums – Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi – this development, which will be developed on a land plot of 17 hectares, will be one of the largest retail complexes in the UAE capital and the first-of-its-kind in the Arabian Gulf region to feature high-street outdoor fashion stores. The District will present an upmarket retail and lifestyle experience through its luxury brands, family-oriented leisure and entertainment facilities, and multiple food and beverage outlets offering a wide range of cuisines and delicacies through fine dining restaurants, casual eateries, confectionary shops, spacious food court and lively outdoor cafe culture.

“TDIC’s comprehensive vision of developing world-class tourism assets, such as Saadiyat island and its iconic cultural institutions, upscale residential communities and distinctive leisure facilities, is reflective of Abu Dhabi’s wider economic strategy of transforming the emirate into a vibrant international destination. This new retail destination – ideally sits among Saadiyat’s inspiring museums, beautiful landscape and coastal environment – will be a regional attraction and a highly prized sought-after location for Abu Dhabi’s communities and visitors when it opens by 2017,” says Sheikh Sultan bin Tahnoon Al Nahyan, chairman of TDIC.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot 

Continue Reading

May 9, 2022 | By Shruthi Nair

Eid Al-Fitr is an occasion to gather with your friends and family 

Continue Reading

April 29, 2022 | By Zubina Ahmed

Leading retailer LuLu Group further strengthened its presence in the Emirate of 

Continue Reading

April 28, 2022 | By RetailME Bureau

Jones the Grocer, the Australian gourmet grocer and café chain, announces further 

Continue Reading

April 28, 2022 | By RetailME Bureau

What is a perfect healthy snack for Ramadan? An assortment of  dried 

Continue Reading

April 14, 2022 | By Zubina Ahmed

With Ramadan almost at it’s first week, we are wondering where can 

Continue Reading

April 6, 2022 | By Zubina Ahmed

In spirit of the holy month, Amazon announced that it will contribute 

Continue Reading

April 5, 2022 | By RetailME Bureau

As consumer behaviour is changing and the demand for delivery is expanding, 

Continue Reading

March 30, 2022 | By Zubina Ahmed

As part of the ‘Gift an Iftar’ campaign, Festival Plaza, part of 

Continue Reading

March 30, 2022 | By RetailME Bureau

The Michelin Guide, a book published by the French tyre company that 

Continue Reading

March 30, 2022 | By RetailME Bureau

As the UAE eases pandemic restrictions and encourages the renewal of business 

Continue Reading

March 29, 2022 | By RetailME Bureau

Papa John’s International, Inc. has announced a new partnership with ENOC Group 

Continue Reading

March 29, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine