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Eye of Riyadh
Business & Money | Tuesday 5 December, 2017 1:11 pm |
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LuLu Supermarket signed as Anchor Tenant at exciting new Burj Nahar Mall in Deira, Dubai

Al Majid Property Company LLC, a wholly owned subsidiary of Dubai-based conglomerate Juma Al Majid Group, announced today that it has signed an agreement with LuLu Group International for a LuLu Supermarket to be the anchor tenant at the Burj Nahar Mall, a new 240,000 sq ft shopping mall located in the busy neighborhood of Al Muteena in Deira that is scheduled to open in late 2018.

 

The 27,000 sq ft LuLu Supermarket will be part of the mixed-use development which comprises a residential tower of 200 high quality apartments, and the Burj Nahar Mall which will feature 84 fashion, footwear, entertainment, restaurant, and café tenants.

 

Moustafa Moussa, Executive Director, Juma Al Majid Group, Properties commented: “LuLu Supermarket is a brand synonymous with quality and value combined with a world class shopping experience, which is why we are pleased to be partnering with the Lulu group to bring the brand to Burj Nahar Mall. Having LuLu Supermarket as our anchor tenant will not only add value to the residents of the mixed-use development, but it will also cater to the needs of nearby residents and businesses.”

 

Salim M.A, Director, LuLu Group International added: “Deira, and in particular the good location of Burj Nahar Mall are strong catchment areas for LuLu Supermarket shoppers, which is why we made the decision to partner with Al Majid Property. The project is extremely attractive from a retail point of view because of its focus on accessibility, supply ample parking, high visibility and variety of retail tenant types, as well as being a mixed-use development. We look forward to a successful partnership with Al Majid Property and attracting a healthy footfall to garner strong loyalty among customers."

 

The agreement was signed between Mr. Moustafa Moussa, Executive Director, Juma Al Majid Group, Property and Mr. Salim M.A, Director , LuLu Group International in the presence of other company officials at the Juma Al Majid Group Owned, Jood Palace Hotel in Dubai.

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