Abu Dhabi: Real estate developer, Aldar Properties, announced it has signed an agreement with Chalhoub Group to create the region’s largest department store experience, comprising 200,000 square feet of prime retail space within Yas Mall.
The department store will showcase a portfolio representing the most desirable ranges from over 200 global brands. Featuring a large variety of concessions store and designers, the department store will complement the brand mix found elsewhere in the mall, covering cosmetics, fashion, accessories, and a children’s selection.
“Our partnership with Chalhoub Group is another important differentiator for Yas Mall, Yas Island, and the wider Abu Dhabi retail landscape. We have worked closely with Chalhoub Group to identify and develop the best department store experience for Yas Mall,” said Mohammad Al Mubarak, chief executive officer of Aldar.
The Chalhoub Group is a UAE-based partner that provides luxury brands across the Middle East. Patrick Chalhoub, CEO at Chalhoub Group, 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.”
Yas Mall is now 95 per cent committed ahead of the opening this November. 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.
With the completion of Yas Mall, Aldar will become the largest owner and manager of retail space in Abu Dhabi.
