{"id":24039,"date":"2023-09-01T13:59:42","date_gmt":"2023-09-01T13:59:42","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=24039"},"modified":"2023-09-01T13:59:42","modified_gmt":"2023-09-01T13:59:42","slug":"damac-groups-damac-mall","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/09\/01\/damac-groups-damac-mall\/","title":{"rendered":"DAMAC Group opens DAMAC Mall in Dubai"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\"><a href=\"https:\/\/promotions.damacproperties.com\/dubai-properties-for-sale-2022-usd\/?goal=leadgen&amp;digital_source=search-gsn&amp;channelcluster=pull&amp;keyword=damac%20group&amp;ad_id=671838907128&amp;matchtype=e&amp;network=g&amp;utm_source=google&amp;utm_medium=paid-search&amp;utm_campaign=AEI-%7C-Performance-%7C-Brand-ROW-%7C.Dig-Search-Goog-Glbl-ENG-Jul31&amp;bidtype=cpc&amp;campaign_id=a120700000LgEvV&amp;gclid=Cj0KCQjwl8anBhCFARIsAKbbpySFr51gyKaOMKVEpKRnmlAatuwnrQM7u6s-a9z99DneFR8eBeqZoQUaAvSjEALw_wcB\" target=\"_blank\" rel=\"noopener\">DAMAC Group<\/a>, a UAE-based business conglomerate, has opened DAMAC Mall, adding a retail and leisure destination to Dubai&#8217;s <a href=\"https:\/\/www.meretailnews.com\/2023\/01\/27\/four-new-shopping-destinations-in-middle-east-to-look-forward-to-this-year\/\">luxury landscape<\/a>.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The 110,000-square-foot space features retail, hospitality, leisure and entertainment offerings.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Located within DAMAC Hills, the development features major international and local brands, including 30 retail stores.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Managing director of sales and development at DAMAC Properties, Amira Sajwani, said: \u201cDAMAC Mall is part of DAMAC\u2019s growing presence in the retail sector. It underlines our keenness to provide residents with seamless connectivity and easy accessibility to community and retail amenities.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;We are confident that the mall\u2019s carefully curated tenant mix perfectly aligns with the preferences of our local community. DAMAC is committed to consistently improving the quality of life for our residents and transforming our communities into dynamic spaces that offer unmatched convenience and satisfaction.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The shopping destination expects an annual footfall of around 1.3 million visitors.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">DAMAC Properties and DAMAC International have a presence in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the US and the UK.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Statista predicts that almost 78 of luxury sales will happen offline by 2025.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Likewise, Commercial Real Estate Consultants revealed that in-person retail transactions increased by 133 per cent and transaction value by 184 per cent over the last year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.agbi.com\/analysis\/global-luxury-fashion-brands-look-to-the-gulf-for-growth-in-2023\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Arabian Gulf Business Insight<\/span><\/a><span data-preserver-spaces=\"true\">\u2019s analysis of McKinsey\u2019s State of Fashion report for 2023, the Middle East is expected to be a leading contributor to luxury fashion\u2019s global growth of five to 10 per cent this year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DAMAC Group has unveiled its new shopping destination in Dubai &#8211; DAMAC Mall<\/p>\n","protected":false},"author":40,"featured_media":17786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[4944,1507,3966],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24039"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=24039"}],"version-history":[{"count":2,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24039\/revisions"}],"predecessor-version":[{"id":24041,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24039\/revisions\/24041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/17786"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=24039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=24039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=24039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}