Abu Dhabi-based developer Aldar Properties announced that it has signed an agreement with the Chalhoub Group to launch the region’s largest department store in the soon-to-opened Yas Mall.
The new store, spread across 200,000 square feet, will showcase a portfolio of over 200 global brands, a statement said.
It will feature concessions stores and designers, with the brand mix covering beauty and cosmetics, fashion, accessories and children’s’ selection.
No further details about the store were given.
Patrick Chalhoub, Chalhoub Group’s CEO, said: “We believe that Yas Mall is the perfect place for us to be launching a new and exciting store concept to market and showcase a selection of international design houses. We look forward to revealing more details over the coming months.”
Mohammed Al Mubarak, Aldar’s CEO, added: “We have worked closely with Chalhoub Group to identify and develop the best department store experience for Yas Mall.
“We believe that by creating a new concept, with one of the region’s most respected luxury retailers, we will create a unique shopping experience.”
Yas Mall, set to open in November, is now 95 per cent committed, said Aldar.
“The remaining units will be leased-up on a selective basis to ensure that they complement the existing retail mix, while bringing new experiences to Abu Dhabi,” the statement added.
The project, set to become the emirate’s first ‘super-regional’ mall, is the final retail component of Yas Island, the site of the Yas Marina circuit.
The 2.5 million square feet mall will eventually accommodate 400 stores including a 20-screen VOX cinema complex and the largest hypermarket in Abu Dhabi, operated by Geant. It will also be directly connected to entertainment park Ferrari World.
Yas mall will “significantly improve Abu Dhabi’s retail offering and will reduce the amount of retail spending that is currently lost to Dubai,” property consultancy JLL stated in a recent report.