This expansion will bring City Walk’s occupancy rate to 98 per cent, solidifying its reputation as a vibrant mixed-use hub with over 250 stores.
Dubai’s City Walk, a design-inspired lifestyle destination managed by Merex Investment, has announced a massive expansion plan, which will see the opening of 65 new stores expected to open by the end of 2023. Merex Investment has undertaken a strategic leasing operation over the past two years to adapt City Walk to the evolving tastes of its audience.
The destination currently boasts dedicated zones for automotive, an enhanced food and beverage offering, health and wellness facilities, and office spaces, complementing its growing residential and hospitality offerings.
“Our customer has changed over the past few years. In the past year alone, we have welcomed new residents to the neighbourhood and the existing residential inventory is set to grow. We also have offices in the destination, and there has been an uptick in foot traffic and dwell time. For this changing audience, we have made changes to our tenant mix,” Shahram Shamsaee, CEO of Merex Investment said, highlighting the changes made to accommodate the shifting demographics and preferences of their clientele.
