Festival Plaza, the community mall part of Al-Futtaim Malls in the UAE introduces ‘ready to lease’ opportunities to support entrepreneurs, homegrown and international businesses to expand their footprint with the support of one of Dubai’s most established malls.
Festival Plaza’s ‘Ready to Lease’ units are commercial spaces that will give prospective tenants and businesses the flexibility of adding final finishing touches and furnishings to a white box space without having to bear the cost of large overheads or full fitout expenditures.
A 2022 study found that 56% of Middle Eastern shoppers still prefer bricks and mortar. highlighting that retail presence continues to be a valued commodity for both businesses and customers to connect and engage.
From the check in process to trading in just four short weeks, businesses will be able to take advantage of a fully prepped space, including lighting, flooring and painted surfaces, air-conditioning, ventilation, ready for merchandise and branding.
Brands looking for retail space without the need for extensive upfront capital will be able to take over one of Festival Plaza’s available units without any overheads or setup costs, offering them the unique opportunity to start trading in a matter of weeks.
Hayssam Hajjar, General Manager, Al-Futtaim Malls UAE said, “Over the past few years we’ve seen exponential growth in online retail shopping and sales. However, this has not hindered the traditional shopping experience, with consumers looking to spend time enjoying the simple pleasures that they did not have access to for a long period of time. In tandem, we understand that economically, it is not the easiest time to set up a retail business and watch it thrive without expensive overheads and requiring immense capital. We felt it was our duty as a community mall to give back to the budding community of SMEs and entrepreneurs, being part of their journey to expand their successful brands, no matter the size or years in business. Just as we do with our customers, we look to offer businesses and brands unique and diverse opportunities and offerings.”
