Take for example, a 17-mile or 26-kilometre trip between the Dubai Mall and the Atlantis Hotel will cost on average AED 60 about (US $16.50). Mall staples like JC Penney and Sears are shuttering stores to minimize costs. Located in Dubai, United Arab Emirates, it is part of the 20-billion-dollar Downtown complex (called Downtown Dubai), and includes over 1,200 shops. Already home to one of the world’s largest malls, the city announced plans this week for Dubai Square, a new mall that will cover eight million square feet, nearly double the size of the Dubai Mall. Alternatively, you can take a bus from The Dubai Mall to D1 (building) via Department of Health and Grand Hyatt Hotel Dubai in around 1h 14m. They cost $450 a square foot to build, with an average cost of $564,921,900. While central malls in Dubai are still experiencing high retail occupancy, they can't ignore the online shopping trend. With its laid-back ambiance and entertaining aesthetic features, it has become a favorite meeting point for families and people visiting the mall. Customers sit on the terrace of a cafe in the Dubai Mall. To inquire about a licence to reproduce material, visit our Syndication site. From futuristic mega cities to affordable housing complexes, eco-friendly resorts to air-conditioned malls, Egypt and countries in its surrounding region are taking steps to house —and entertain—rapidly growing populations. This palm-lined avenue will be covered by a glass-panel dome. Opinions expressed by Forbes Contributors are their own. While central malls in Dubai are still experiencing high retail occupancy , they … For other inquiries, Contact Us. They propose that Dubai Square will include automotive, computing, sustainable technologies, 3D printing, drones and artificial intelligence industries. One of the most recommended dates for sightseeing falls on mid-November to early December . She faces spending up to a year in the strict Arab state while she waits for her case to be settled. "It is designed for the new era of customers, who are digital, connected and tech-savvy.". That equals under one dollar per mile. The Mall is a unique blend of sophisticated retail and luxury leisure facilities, including over 1,200 individual shops and more than 100 restaurants. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. In addition, the project will create new social spaces. Across the world, retailers are trying to figure out the best combination of online and in-store options. But the new era of retail is not just about cutting-edge technology. Mall staples like JC Penney and Sears are shuttering stores to minimize costs. Just to compare, New York City’s taxis cost over $2.00 per mile, and that’s before you factor in traffic. Dubai Square will contribute to Dubai’s goal of becoming the happiest city in the world. ©News Group Newspapers Limited in England No. These will come in the form of AI robots that will recommend what to buy, interactive mirrors and smart fitting rooms. Our journalists strive for accuracy but on occasion we make mistakes. Dubai Square will expand retail space to include stores that act like brick-and-mortar showrooms for online merchandise. As Dubai bets on retail, real estate adviser CBRE Group warns this rapid expansion could lead to vacancies in certain malls. To see all content on The Sun, please use the Site Map. Even before Dubai announced plans for Dubai Square, retail space in the city was already expected to, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice. A great meeting place . In the United States, 2018 is on track to become a record-breaking year for closing retail space. “That (Dh25bn) is how much it will cost when it’s ready. New project Dubai Square is being designed by Dubai Holding and Emaar Properties and will be the size of 100 football pitches. The developers plan for technology companies to thrive in this space. Can I go on holiday or travel between tiers 1, 2 or 3? The mall will cost £1.5billion to build and will be in the heart of the Dubai Creek harbour and is being touted as “high tech meets retail”. Apart from the festive New Year atmosphere, early January is the best time to go shopping – where one can enjoy as much as 75% discount on all commercial items. Ellie Holman, 44, from Sevenoaks, Kent, was arrested by immigration officials after her eight hour flight touched down at Dubai International Airport. Dubai, a shopping-loving city that is already home to one of the world's largest malls, now wants to build one even bigger. Sun Online recently reported that a Brit mum was jailed in Dubai for drinking a single glass of wine on an Emirates flight. I am an American journalist based in Cairo writing about real estate in the Middle East and North Africa. Dubai Holding, the government’s global investment holding, and the developer Emaar published a release about the project, proclaiming a new era of retail where lines between online and in-store shopping are blurred and social spaces are paramount. What companies run services between The Dubai Mall, United Arab Emirates and D1 (building), United Arab Emirates? This “omnichannel” style of retail space will be bolstered by the inclusion of new technology. All Rights Reserved, This is a BETA experience. Dubai Square will be in big competition with the existing Dubai Mall, which is a comparatively puny 50 footballs pitches in size. The dentist claims she was thrown in a "baking hot and foul smelling" airport detention centre with her four-year-old daughter Bibi. There she says she heard accounts from other inmates of being raped by guards and tried to keep her daughter out of sight. Photographer: Tasneem Alsultan/Bloomberg. However, when one takes into account all average costs between the period, and a continuous competitive market putting pressure on contractor margins, the actual overall increase to the cost of construction between Q1 2017 & Q1 "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Covid travel restrictions explained, Last-minute Christmas and New Year staycation deals from just £35, Stay at this Christmas film-themed house with unlimited Xmas movies. The mega-mall will have 2.6million square feet of shops, restaurants and entertainment. Dubai Holding, the government’s global investment holding, and the developer Emaar, Across the world, retailers are trying to figure out the best combination of online and in-store options. The 356-metre tall Gevora Hotel  is exactly 50 metres taller than London's Shard, which clocks in at a comparatively puny 306m. If Dubai has it their way, the new mega-mall will have both. You may opt-out by. For further details of our complaints policy and to make a complaint please click here. Knowing when to visit pretty much makes every personal endeavor for a frugal Dubai vacation cost count. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. I am an American journalist based in Cairo writing about real estate in the Middle East and North Africa. According to the release, the experience will be augmented by “custom-designed mobile apps, quick checkout solutions, search and barcode scanning applications, radio-frequency identification technology, mobile payments and click-and-collect services.” It seems in the future of retail, making a purchase has never been easier or faster. I assume you mean to recreate all the physical infrastructure of these two cities in some suitable but currently empty location. When it comes to winning the “biggest in the world” category, Dubai is competing with itself. Dubai Square will contribute to Dubai’s goal of becoming the happiest city in the world. It will have its own Chinatown – the biggest in the Middle East – as well as an Ice Adventure Park where the whole family can go skating. The mall will cost £1.5billion to build and will be in the heart of the Dubai Creek harbour and is being touted as “high tech meets retail”. It is easy to feel dwarfed and disconnected in Dubai because of the immense scale of the city’s buildings. The Sun website is regulated by the Independent Press Standards Organisation (IPSO). Comments are subject to our community guidelines, which can be viewed, The new mall will be the same size as 100 football pitches, The mall will house the biggest Chinatown in the Middle East, The mega mall is being built by Dubai Holding and Emaar Properties, It will have an ice rink attraction to keep the whole family happy, The mall will house designer shopping brands and be a key destination for tourists, It will be outside as well as inside, and will feature smart fitting rooms as well as AI shopping advisors, Fancy a free holiday to Disneyland or Dubai? The Dubai Mall (Arabic: دبي مول‎ "Dubai Mall") is a shopping mall in Dubai. Dubai is known for its huge, ambitious buildings and is home to the world's tallest building, the Burj Khalifa. The mall will have 2.6million square metres of shops, restaurants, hotels and places to live and will have three floors to explore. The group predicts that as retail expands, its future will won't depend on size, but on quality. His Excellency Abdulla Al Habbai, chairman of Dubai Holding, explained in the report, “the retail sector is one of the pillars driving happiness amongst tourists, locals and residents alike, and as such remains a key focus for us.”. Feel free to email me at brennancusack@gmail.com. Can I stay in a hotel in Tier 2 or 3? It has a total retail floor area of 502,000 square metres (5,400,000 sq ft). Another option is Dubai’s metro. © 2020 Forbes Media LLC. Investing in retail is on par with investing in happiness in Dubai. Its time for Dubai business leaders to accept this undeniable fact and adjust accordingly, Dubai mall move to reduce rent is a positive step but much more is needed. The whole project will be built over 10 years and the funds will be raised gradually over that period, Mr Byat said. Dubai statues diving. Even before Dubai announced plans for Dubai Square, retail space in the city was already expected to increase by 50% in the next three years due to an estimated 16-million-foot expansion. You can take a train from The Dubai Mall to D1 (building) via Burj Khalifa/Dubai Mall, Burjuman, and Al-Jaddaf in around 50 min. The Human Waterfall in Dubai, however, is more than just a visual spectacle. Previously, I covered the Egyptian economy for the American Chamber of Commerce in Egypt where I became interested in ambitious local development projects. This won’t be the average shopping mall – it’s going to have some seriously futuristic features as well. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. For the average building, this material cost increase when comparing Q1 2017 to Q1 2018, is an add-on of 3.1%. In 2011, it … It is the second largest mall by total land area, and the 26th-largest shopping mall in the world by gross leasable area, tying with West Edmonton Mall and Fashion Island (Thailand)—both of which are older than it. But the new era of retail is not just about cutting-edge technology. I write about real estate in the Middle East and North Africa. Can I travel to Wales from England from December 2? However, Dubai Square will include a smaller-scale main avenue that will have an “authentic city atmosphere” and “raise the bar on 'quality time. Vote in our Sun Travel Awards and enter our prize draw for six great holidays, 8 ways to get arrested in Dubai – from kissing in public to simply brushing up against a man in a bar, Independent Press Standards Organisation (IPSO). 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