Dubai Properties showcases two unique retail developments at Retail City 2006

The international retail real estate exhibition will be held from 4-6 June at the Dubai International Exhibition Centre. The Dubai Properties stand, ME10, will be located in Sheikh Maktoum Hall.

Hashim Al Dabal, CEO of Dubai Properties said that the company would use the exhibition's strategic platform to demonstrate the vital contribution of its projects to the transformation of the real estate scenario in the Middle East.

He said: "Current market trends reveal the growing role of retail investment in the region's economy, which is around US $ 65 billion in the GCC alone, and constitutes nearly 10 percent of the GDP.

Through pioneering projects such as 'The Walk' and 'Bay Avenue' and others to be announced in the near future, we plan to contribute to the development of the retail sector by strategically expanding our portfolio, and moving into ventures that provide maximum return on investment for our business partners."

'The Walk' and 'Bay Avenue' - both capitalise on Dubai Properties' strategy of building self-sustained communities.

The 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.

Bay Avenue's outlets will service a community of 6,000 residents of the Executive Towers, guests of the Business Bay hotel and a staggering 250,000 residents of Business Bay.

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.

Retail City 2006 brings together international retail property professionals to develop new joint ventures, exchange views, and identify unique investment opportunities.