Contract agreed on UAE's first House of Fraser store

23/03/2010 - Dubai Lifestyle News
Contract agreed on UAE's first House of Fraser store

Posted by Bob Brunskill

Aldar Properties and Retail Arabia International have signed a 10-year lease agreement that will see the development of the UAE's first House of Fraser store at Central Market in Abu Dhabi.

The upmarket British retailer will be the anchor store for Emporium – a planned high fashion destination for Abu Dhabi which will feature about 150 boutiques.

Emporium will be located at Central Market and will seek to offer a blend of local international brands as well as food and beverage outlets over eight levels.

Central Market is a high-end mixed-use redevelopment located at the original commercial district in the centre of downtown Abu Dhabi.

In addition to Emporium, Central Market will be home to three "ultra-modern" towers providing apartments, grade A office space, and hotel accommodation.

Nabil Daud, managing director of Retail Arabia International, said: "The signing of House of Fraser for the Middle East marked a very important step for Retail Arabia International.

"It is with great excitement that we look to launching this iconic brand in Abu Dhabi ... we believe that this mall will become a major shopping destination in Abu Dhabi due to its prime location, unmatched design and retail offering."

Last week, Alshaya, one of the Middle East's leading retailers, welcomed the opening of Mirdif City Centre, Dubai's newest mall.

There’s never been a better time to invest in Dubai, say industry heavyweights heading to this month’s Cityscape Global Conference. Invest in your Future - Click here to learn more.