SouqExtra to open four outlets this year

Dubai: The first four outlets of SouqExtra, the new-concept neighbourhood supercentres, are set to open in Dubai before year-end, a company statement said.

The outlets, currently under construction, are located at Ewan Residences, Al Quoz, Al Barsha and Muhaisnah, and will help cater to the retail needs of the growing communities in various parts of Dubai.

This is part of SouqExtra's plan to open a total of 10 outlets in the UAE by 2009, in addition to an unnamed number of outlets planned at Dubai World Central (DWC) Residential City. A memorandum of understanding for the latter was recently signed by Saleh Lootah, founding and managing director of SouqExtra, and Khalid Bin Harib, CEO-Real Estate, DWC.

Concept

"The SouqExtra concept has been developed keeping in mind the fact that people like to shop for their groceries without having to travel to big supermarkets, while at the same time offering primary services and entertainment facilities within their area of residence. We are the pioneers of this concept in the region, and most master developers are keen to adopt this model, including DWC."

"Providing the latest in community facilities is our priority and DWC is leaving no stone unturned in developing urban planning models which will serve every real estate need," said Bin Harib.

SouqExtra is promoted by a group of companies, including the Lootah Group, Emirates Post Group, National Bonds Corporation, Bonyan Holding, Abbas Group and a group of high net worth individuals.