Limitless agrees Al Khail Plaza dept store deal
Milestone offers luxury goods to Jumeirah Village Triangle residents
Limitless has announced the lease of 9,000 sq ft of space at Al Khail Plaza at Jumeirah Village Triangle to premium department store operator Milestone.
The store will contain a food section featuring meat, fish and cheese counters and an organic fruit and veg section. It will also sell electrical and gardening equipment, and have a cafe, laundry service and ATM facilities.
Fit-out of the unit will begin next month.
Limitless's head of UAE projects Bahaa Abouhatab said: “Al Khail Plaza is conveniently located on the corner of Al Khail Road and Emirates Road, with easy access from both.
"Milestone will be a welcome addition to Jumeirah Village, providing high-quality produce and everyday conveniences to people living in and around the development.”
Milestone's chief operating officer, Ashfaque Ahmed said: “Al Khail Plaza was a natural choice for our first Milestone store.
Jumeirah Village is an elite development in Dubai and we believe our unique café and department store concept is a perfect fit for this growing community.”
The ownership of indebted developer Limitless is in the process of being transferred to the Dubai government after the company agreed a $1.2bn debt restructuring deal with its lenders in October.
The deal allowed it to renew an Islamic finance facility that had originally expired in March 2010.