Line Investments & Property, the management division of retail giant Lulu Group, has signed retail leasing deals for more than 80 per cent of Silicon Central shopping mall at Dubai Silicon Oasis.
The deal includes a 7,800-square-metre department store, plus fashion retail and entertainment options.
Alshaya Group, Landmark Group, Sharaf Retail, Step In and Brands For Less are confirmed tenants.
Director of Lulu Group Salim MA said: “We particularly took time to confirm tenants to ensure we had the right mix of brands and service providers required for the community that would make the mall successful.”
In addition to fashion outlets, Silicon Central will house several lifestyle brands, pharmacies, and health & fitness facilities, alongside restaurants and cafes.
Some of the service and lifestyle brands include Smokers Centre, Lulu Exchange, Al Ansari Exchange, Life Pharmacy, Du Telecom, Medicina, Al Futtaim Fast Fit, DOCIB, Tips & Toes, Companion Salon, Portofino beauty Clinic, Cutting Edge, Supertrim, Orange Hub and UFC Gym.
It will also offer a 12-screen cinema, family entertainment centre and New Generation entertainment complex.
Last October, Lulu Group inaugurated its 209th store at Silicon Central, its largest hypermarket.
“We have had great feedback on having the largest Lulu Hypermarket at Silicon Central within a mall that is populated by plants, water, and natural light, recreating an oasis in the city. We are also an environment-friendly project, using state-of-the-art technologies for waste management, energy savings and offering electrical charging stations in the car-parking area,” said Mr Salim.
Named the ‘first eco-sustainable district in Dubai’, Silicon Central was built with a focus on a low carbon footprint.
According to a report by TechSci Research, UAE retail market is anticipated to grow at a compound growth rate of 5,88 per cent to reach around $37.70 billion by 2027.