In the
recent past, Dubai has become one of the most popular shopping destinations in
the world. Currently, there is a wide variety of shopping complexes with others
expected to be completed soon. The Meydan
One Mall at Meydan One MBR City Dubai is an upcoming development that is expected
to redefine the traditional retail sector.
According
to the developer, big-box outlets are closing down due to low business. At the
same time, ninety percent of millennial and Generation Z still shop at
brick-and-mortar outlets. The Meydan One Mall will provide seamless experiences
and personalised services to its revellers and residents. This will change Dubai’s retail and tourism
landscape.
One of
the most prominent features of the Meydan One Mall is the 1 kilometre ski slope. This will be the longest indoor ski stretch in the world surpassing
the 400 metres ski stretch at the Mall of
the Emirates. On top of that, sports lovers will also experience other water
sporting activities such as water pools, etc.
The
developers are aiming at making it a wholesome lifestyle destination instead of
just a traditional mall. Also, the developers are regurgitating the same things
that keep featuring in malls. For
instance, fifteen percent of the mall will be secluded for pure entertainment.
It will set a new pace for mix development in Dubai.
Next
generation retailing
Since it
is already sixty percent complete, the mall is expected to be opened by the end
of 2019 or early 2020. Meydan One Mall is a next-generation
mix development that is designed to cater for large, medium-sized and small
retail outlets. The aim is to cater for a
wide range of investors to serve all types of shoppers.
To
cushion small and medium-sized retailers
from long-term lease agreements, the developer will offer pop-up stores.
Instead of starting from scratch, the developer will offer some spaces for leases that can last between three to six
months. This will help to take away the burden of the initial capital
expenditure.
This
concept will particularly help to incubate home-grown brands and offer them a
platform to compete in the market. It will also be applied to services and
F&B outlets as well.
A
different approach to landlord-tenants deals
The
Meydan One Mall is one of the prominent off plan projects in Dubai and its management will change the way deals
are made in the retail sector. Both the landlord and tenant will agree on the
terms of the base rate which will be flexible with the market cycles. This new
tenant-landlord relationship is meant to remove ambiguity that only benefits
one party.
very nice blog and property by the author. The meydan one mall is located in dubai and as a part of off plan projects in Dubai. if anybody searching off-plan investment in Dubai to invest money. then here is the best company.
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