Dubai Holding Asset Management has unveiled a new identity under the name “Dubai Retail,” which encompasses over 40 prominent destinations for shopping and entertainment. This initiative marks a significant milestone in the company’s future growth and development strategy, following the merger of Nakheel and Meraas under Dubai Holding last year. The consolidation aims to enhance operational efficiency while expanding their presence and long-term competitive capabilities.
This announcement underscores the central role of Dubai Retail in the retail sector of Dubai, featuring a comprehensive collection that includes 10 shopping malls, 15 entertainment venues, and 18 retail centers spread throughout the city. Together, these locations house more than 6,500 retail outlets across over 13 million square feet of lease space. By offering a varied selection of shopping, dining, and entertainment options, Dubai Retail reinforces the city’s status as a leading destination for commerce and tourism.
Transforming the Retail Sector
Malek Al Malek, CEO of Dubai Holding Asset Management, emphasized how Dubai Retail destinations contribute to the enhancement of the emirate’s retail sector by enriching customer experiences and broadening available choices.
He remarked, “Dubai Retail benefits from the integrated ecosystem of Dubai Holding in real estate development and asset management. This integration provides a high competitive edge to seize opportunities driven by rising population growth, thriving tourism, and urban development.” Al Malek further highlighted the recent opening of Nad Al Sheba Mall and the development of Al Khail Avenue, which, when completed, will add over 1.2 million square feet to the total lease space, reflecting our commitment to delivering distinguished destinations that bolster Dubai’s retail economy by merging shopping, dining, and entertainment in vibrant centers.
Dubai as a Global Destination
Fried Abdurrahman, General Manager of Shopping Destinations at Dubai Holding Asset Management, stated, “Being one of the largest groups of shopping and entertainment venues in the region is only the beginning. This move enhances Dubai Retail’s ability for strategic growth and continuous development of its destinations, aligned with the expectations of residents and visitors. By adapting to global retail trends and enhancing customer experiences, we aspire to ensure the sustainability of our destinations’ value and strengthen their competitiveness, contributing to reaffirming Dubai’s place as a leading global retail destination.”
Additionally, Dubai Holding Asset Management announced a new phase for Nakheel Mall under the name “Palm Jumeirah Mall” with the opening of an updated section, further establishing it as a key destination on the Palm Jumeirah and enriching the experiences provided by Dubai Retail.
Dubai Retail’s vision for continuous development aligns with the aspirations of Dubai and supports its sustainable growth. It includes well-known shopping destinations such as Palm Jumeirah Mall (formerly Nakheel Mall), Nad Al Sheba Mall, The Outlet Village, and Circle Mall, alongside Ibn Battuta Mall, Golden Mile Galleria, Bay Avenue, Bay Square, Dragon Mart, and the forthcoming Al Khail Avenue.
Entertainment destinations feature Bluewaters, JBR, Palm West Beach, The Club at Palm West Beach, Vista MARI, Al Khawaneej Walk, the Heritage Souk, Souk Madinat Jumeirah, the modern Boxpark, Last Exit destinations, the DXBike sports track, and the exceptional Dubai Islands Beach. Each of these locations has been thoughtfully designed to create unforgettable experiences that merge shopping, entertainment, and rich cultural heritage. Moreover, the 18 shopping centers boast strategic locations serving key residential areas in Dubai, including Jumeirah Islands Centre, Jumeirah Park East Centre, Jumeirah Park Centre, Al Furjan Centre, Al Furjan West Centre, Badr Center, Remram Centre, Shurooq Centre, Grop Square Centre, Layan Centre, Muden Centre, Serena Centre, Villanova Centre, Meydan Heights Centre, District One Centre, Discovery Gardens Centre, International City Centre, and Al Khail Gate Centre.