Dubai Properties showcases exclusive projects at Retail City 2007

Being the platinum sponsor of the event, the master developer is also inviting retailers to lease space at the newly launched Culture Village Souq, and is expected to announce major deals during the three-day event.

Billy Daly, Chief Operating Officer, Dubai Properties, said the company would use the exhibition as a strategic platform to demonstrate the vital contribution of its projects to the transformation of the Middle East real estate sector.

"We are delighted to be part of this year's Retail City as this is an excellent platform for us to showcase our diverse retail and commercial projects, including the Culture Village Souq.

"Our unique end to end business model offers opportunities for diversification into areas such as retail sector. Our maturing retail experience and our diverse portfolio, featuring some of the most prime locations in the region, will give us a chance to become a strategic real estate developer within the retail sector over the coming months."

A unique shopping experience, Culture Village Souq is a themed waterfront retail facility that will encompass 370,000 sq ft. of a two-level shopping mall comprising over 200 shops, with both interior and exterior retail spaces overlooking the Dubai Creek.

Through pioneering projects such as The Walk at Jumeirah Beach Residence, Bay Avenue at Business Bay, and the Souq at Culture Village, Dubai Properties' is contributing to the development of Dubai's retail sector.

Bay Avenue at Executive Towers is an urban development within Business Bay, the region's business capital. The modern retail facility will sprawl across 175,000 sq ft. of a two-level shopping concourse comprising over 130 shops including exterior retail space overlooking the extension of the Creek.

The Walk at Jumeirah Beach Residence will be Dubai's first outdoor waterfront shopping boulevard. Its 1.7 km beachfront stretch will consist of two levels and host over 350 retail outlets. Recently, more than 300 global brands signed up at The Walk, which will cater to around 30,000 residents living within Jumeirah Beach Residence, as well as more than 200,000 residents and visitors from the surrounding areas.

The company plans to strategically expand its portfolio by moving into ventures that provide maximum return on investment for its business partners.