Dubai’s renowned lifestyle destination, City Walk, under the stewardship of Merex Investment, is poised for a significant expansion, with plans to introduce an impressive 65 new stores by the close of 2023. This expansion effort is set to elevate City Walk’s occupancy rate to a remarkable 98 percent, further cementing its status as a dynamic mixed-use hub boasting an extensive repertoire of over 250 stores.
Dubai’s City Walk Embarks on Ambitious Expansion Plan
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Merex Investment implemented a strategic leasing plan in the past two years. This plan aimed to align City Walk with the changing preferences of its discerning customers. Currently, City Walk has dedicated zones for car enthusiasts. It also boasts an improved and diverse food and beverage selection. Additionally, the destination offers state-of-the-art health and wellness facilities. Moreover, it provides well-equipped office spaces, which complement its growing residential and hospitality options.
Significantly, a substantial 70 percent of the new stores will grace the prominent City Walk Boulevard. Shahram Shamsaee, CEO of Merex Investment, noted the evolving customer base. This change is due to recent new residents and expected residential growth. He also pointed out the increased office presence, resulting in more foot traffic and longer dwell times. In response to this evolving audience, they have tailored their tenant mix accordingly.
Which Brands To Expect By 2024?
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City Walk’s licensed district will soon welcome fresh additions in the fourth quarter, forming part of the newly branded district C2. These newcomers will contribute to an even more diverse culinary landscape, enhancing the destination’s reputation as a gastronomic haven.
In the realm of health and wellness, City Walk is set to welcome the arrival of esteemed athleisure brands like Lululemon, Adidas, and Puma. Additionally, seven holistic wellness concepts will offer premium services, promoting a holistic and balanced lifestyle among visitors.
City Walk’s fashion and lifestyle offerings will soon showcase distinctive brands, including Sophie Couture, The Giving Movement, Les Benjamins, Madly, Albeer Couture, Kataleya, and Ludivine. The destination will also extend a warm welcome to lifestyle brands such as Studio 971, Arclinea & Lema, NOK Home, and Forma Italy.
For automobile enthusiasts, an exciting collection of automotive brands awaits, breathing new vitality into this zone and catering to a broader audience. City Walk’s ambitious expansion will soon redefine the destination, offering a multifaceted and enriching experience for all who visit. So here’s a quick insight into how City Walk Dubai plans to expand by the start of 2024!
Cover Image Courtesy: City Walk/ Website