Beachfront Retail Avenue Offers Variety of High End Shopping, Dining, Art & Decor, Body & Mind Experiences

Dubai: 3 December, 2008 - Dubai Retail, a subsidiary of Dubai Properties Group and a member of Dubai Holding, today announced a total of 118 stores and restaurants are now up and running on the plaza level, above ground at The Walk, Dubai's first and only outdoor retail  avenue  by the sea  in Jumeirah Beach Residence.

The plaza level currently hosts a spectrum of outlets in food and beverage, home furnishing, décor and art galleries, men, women and children's apparel, fashion and accessories, health and cosmetics, jewelry, culture, leisure and sports, as well as supermarkets.

Savile Row, Saks 5th Avenue- The men's store, Zadig & Voltaire, Aiyanna of London, du, Ruby Tuesday, Haru, Mothercare , Emirates Islamic Bank, Feet First,  Crossover Bollywood, and The Holiday Lounge are some of the names that have a presence at the first level plaza.

The Walk, which was launched in August 2008, boasts a total of 200 fashion, furniture and lifestyle stores, with a further 105 to be opened in the next few months to serve JBR residents as well as the entire marina district.

Haiyan Mujarkech, CEO, Dubai Retail: "The Walk is gaining increasing footfall from residents of JBR, the surrounding hotels, the Marina precinct, as well as from Jumeirah. Most of our customers come to The Walk seeking an avenue to spend leisurely afternoons or stroll around the shops discovering new things to do. More and more outlets have opened up on the plaza level, which we believe will add to our visitors' experiences, especially those with an adventurous streak eager to explore the spectrum of options that are waiting to be discovered."

The Walk sees an increasing number of visitors passing through on a daily basis, food and beverages being highest in demand for things to do at the beach front avenue. Shopping comes a close second with flagship stores such as Boutique 1 and Saks Fifth Avenue- the Men's Store setting up anchor at the unique retail destination. A new breed of French fashion stores have taken up residency for the first time in the emirate, including Tara Jarmon, IKKS, and Zadig & Voltaire to name a few.

The Walk is also  set to unveil a series of spas and beach clubs, accentuating the development's round the year beach resort offering, making Jumeirah Beach Residence not only the largest residential area in the world, but also one of the most luxurious with spectacular views of the Arabian Gulf.

As Dubai's exclusive beachfront retailer, The Walk is set to emerge into a premium shopping destination and marks Dubai Retail's emphatic footprint in the region's retail industry.

-Ends-

About Dubai Retail
Dubai Retail, a subsidiary of Dubai Properties Group and a member of Dubai Holding, is a primary retail development and management solutions company that operates with the express aim of transforming the retail sector in the Middle East by bringing in new concepts and solutions. Established in 2008, Dubai Retail already boasts one of the largest retail management portfolios in the emirate. The company operates with a sole objective of increasing stakeholders' value through innovative solutions and commitment to excellence, while leveraging its in-depth market knowledge and industry experience, thus contributing to the expansion of the retail sector in general.

Dubai Retail's services range from strategy development to retail space management and covers retail leasing, developing and improving retail concepts, management of retail spaces, retail consulting services, offering support to franchise chains, market intelligence services and tenant mix solutions. Dubai Retail currently offers premium retail opportunities at The Walk, Jumeirah Beach Residence (JBR), and Bay Avenue at Business Bay.

For further information, please contact:
Lubna Habib
JiWin
Tel: +971 4 3613333
Fax: + 971 4 3688001
E-mail: Lubna.habib@jiwin.ae

Zeina Chams
Dubai Retail
Tel: +971 4 435 1149
Fax:+ 971 4 435 1199
Email: Zeina.chams@dubairetail.ae

© Press Release 2008