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Dubai’s Meydan One targets global investors

CBRE has been named leasing services advisor for the mixed-use residential project

Dubai's Meydan One will, among other things, feature a 300m white sandy beach.
Dubai's Meydan One will, among other things, feature a 300m white sandy beach.

CBRE has been appointed leasing services advisor for Meydan One with the developer of Dubai's massive mixed-use residential project aiming to attract investors from around the world. 

Property consultant CBRE Middle East will work to expand Meydan One's international reach and provide the project's developer, Meydan Group, with retail consultation services before and during the lifecycle of the project.

The large-scale destination features more than 550 retail outlets that include a 13,200m²  supermarket, 110 shops, 180 restaurants, and an al fresco dining area with a retractable 100m skylight.

READ: SNC-Lavalin wins major Meydan One MEP contract

The location will also have an Incubation District to support local UAE start-ups in fashion, beauty, food and drink, and other sectors. All entrepreneurs will be able to access leasing incentives, mentorship, and support to accelerate their business ideas.

Anthony Spary, head of investor leasing at CBRE Middle East, called the leasing services agreement for Meydan One the “first appointment of its kind in the Middle East” as it will focus on bringing new brands to the region.

Due to the large amount of common and civic spaces, coupled with the district's focus on leisure and entertainment, Meydan One has a “unique selling point”, according to Spary.

Fahad Kazim, vice president of Meydan Malls, said: “We are confident that our partnership with CBRE Middle East will assist us in fulfilling our vision of crafting the future of Dubai with an immersive retail experience, holistic, and active family offering, making this the region’s premier lifestyle destination.”

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Construction Week - Issue 747
Aug 03, 2019