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Dubai Festival City doubles presence at MAPIC in Cannes
- United Arab Emirates: Tuesday, November 16 - 2004 at 10:55
- PRESS RELEASE
Dubai Festival City, the iconic 1600-acre waterfront 'city-within-a-city' project being constructed on the banks of Dubai's Creek, is doubling its presence on its return to MAPIC, the event for retail real estate professionals being held in the French Riviera city of Cannes from 17 to 19 November 2004.
In 2002, Dubai Festival City used MAPIC for its international masterplan launch and at this year's event, the iconic development will unveil a new artist's rendering showing all the project communities.
"MAPIC was the perfect arena to launch the Dubai Festival City masterplan in 2002, as the main driver for the development is its retail component," said Phil McArthur, Director Leasing and Marketing, Dubai Festival City.
"In 2003, we took the opportunity to renew discussions with numerous international brands we had started at MAPIC the previous year to keep them updated on progress. This year, we have floor-plans for the major elements of Festival Centre to share with MAPIC visitors and exhibitors and will be looking to finalise negotiations with prospective tenants."
Festival Centre, Dubai Festival City's retail, hospitality and entertainment destination is the focal point of the development. Offering an unmatched waterfront setting, it will provide world-class entertainment and hospitality facilities; exclusive residential and office accommodation; and an extensive array of local and international retail brands.
This vibrant destination, and the 'jewel in the crown' of Dubai Festival City, will house over 450 shops and services and more than 100 restaurants and cafes featuring some of the best brands from around the globe. The Festival Centre, with 1.9 million square feet in retail GLA and over 10,000 parking spaces, is at the forefront of Dubai's super-retail projects. The Festival Centre's point of difference is its unique fusion of retail, entertainment, hospitality and leisure elements in a masterplanned centre.
"Already, the substructure framework construction is rising from the ground and the first phase, which will house retail outlets offering household and convenience goods, including the UAE's flagship IKEA store, is set for completion towards the end of 2005," said McArthur. "The second phase of Festival Centre development, a 1.2 million square foot waterfront retail, entertainment and hospitality centre will open in September 2006."
The Festival Centre will also link to the InterContinental Dubai Festival City - a 450 luxury room hotel comprising 80 executive apartments and 370 hotel rooms which will be ready for guests early 2007.
"Next year marks the beginning of the operation life for a number of Dubai Festival City facilities including retail, hospitality, dining, golf and leisure elements," added McArthur. "Dubai is establishing an international reputation for its dynamic progression, and developments like Dubai Festival City can only enhance its standing on the global stage."
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Notes and media contacts
About Dubai Festival City:Dubai Festival City is being developed on 1,600 acres on the banks of Dubai's historic Creek. Comprising 15 distinct development zones, Dubai Festival City is a property development by the Al-Futtaim Group and is the Middle East's largest, privately-funded, mixed-use, real estate project.
It will comprise a unique mix of entertainment, dining, shopping, edutainment, sport and leisure facilities, automotive dealerships, hotels, a marina, residential and office components.
The first phase of construction is underway with The Al Badia Golf Resort, an 18-hole championship golf course designed by world-renowned golf course designer Robert Trent Jones II LLC, surrounded by Mediterranean style apartments and town homes, set to open in late 2004.
Its centreplace Festival Centre, the 1,900,000 square foot retail, dining and entertainment centre, set on a Creekside marina, is also under construction. Foundation work will also soon start on the InterContinental Hotel Dubai Festival City, an iconic convention hotel situated on the north-west peninsula of the marina.
The recently announced Four Seasons Hotel Dubai is the latest addition to Dubai Festival City. With an initial development cost estimated at Dhs. 700 Million, the Four Seasons Hotel Dubai will have 250 rooms and villas, a destination spa, five restaurants and a range of conference and banqueting facilities. The hotel is scheduled to open at the end of 2006.
For further information, please contact:
Bassem Terkawi
Public Relations and Events Manager
Dubai Festival City
Tel: +974 4 213 6187
Fax: +974 4 2851185
Bronia Stewart or Jonathan MacPherson
MCS/Action, PO Box 20970, Dubai, United Arab Emirates
Tel: +971 4 3902960
Fax: +971 4 3908161
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Posted by Christine H. Andersen, Assistant News Editor
