Setting new standards within the Abu Dhabi shopping mall industry, Dalma mall, one of Abu Dhabi’s iconic retail destination, became one of the few malls to report 99% plus tenancy of the gross leasable area in Q1 2019.
Over the years, Dalma Mall has become the most preferred mall for retailers in the emirates of Abu Dhabi, which is clearly visible in the increasing occupancy rate of retail outlets. In Q4 2018, the mall reported an occupancy rate of 98.5% which has increased further to 99% plus at the end of the first quarter of 2019. Its strategic location, audiences’ first choice, performance assessment, and the mall management working with retail groups to sustain and enhance their business has been the key to success and growth of the mall and its customer base.
Mr. Bhupinder Singh, General Manager & CFO – Dalma Mall, said: “To achieve the number of 99% plus occupancy rate is simply incredible. We place all our retailers at the heart of the mall development and that has paid the dividends. Over the years, we have looked at issues’ mall tenants have faced in the past and removed any uncertainty concerning the retailers. Our policies are very transparent and are in line with the Government directives and most of the retailers trust us with a long-term lease contract.
The retail mix at Dalma Mall will see the opening of exciting new retail partners including HOB, Riva, Sumo Sushi & Bento, Levi’s, Molten Chocolate Café, Hardee’s, Ajman Bank, UPIM, and Mexx. With these new launches, the mall is expecting a growth in the number of visitors by 5% to 10% percent over last year.
Mr. Singh further added; “With more than 450 internationally & regionally renowned and established brands associated with Dalma, we have set an example in the industry. We expect the momentum to continue throughout 2019 and in the coming years.”
Dalma Mall has been gaining recognition from the local community and visitors of Abu Dhabi. Prominently situated on the Abu Dhabi growth corridor, Dalma Mall is one of Abu Dhabi’s shopping and tourist destination providing a rich blend of retail and dining, including over 450 stores and restaurants.
To know more about the mall and retail outlets, please visit https://www.dalmamall.ae/
