October 22nd, 2016 by Own A Space
In motor city, Dubai, a new shopping mall and hotel is ready to open early in the coming year as part of the investment worth Dh 500 million which will drive tremendous growth in the city’s most sought suburban quarters. First Avenue will have 70 high street retailers and 15 casual restaurants for dining, situated a t the edge of Dubai Autodrome. The four-star hotel of 150 rooms adjacent to the mall will have its operations monitored by Park Inn by Radisson.
The race track at Dubai Autodrome is overlooked by the hotel. It will be a social and retail hub for the union properties build by Motor city, with a unique lifestyle and automotive theme. The two storey building stretches across 5 lac sq/ft with a km roadway linking at each end. It is owned and build by the Saudi’s Al Tawfeeq for development and Investment (ATDI) and is going to launch in the first quarter of next year.
Picture Courtesy: emirates247
The expo site 2020 and Maktoum International Airport is a short drive away from it, also the site is rich in amenities like swimming pools, schools and parks. First Avenue is designed to be environment friendly, European style mall, with an indoor as well as outdoor boulevard with arabesque influences.
The footfalls is expected from largely dense catchment area with the restaurants, shops, healthcare services and a hotel attracting customers around different market segments like families, business people or tourists. The communities can get all the amenities they require at the First Avenue thereby making it a top destination all week round rather than only a place to go to during weekends. It will also have a children’s play area with an underground park with 400 spaces.
The Park Inn will be having an all day restaurant, lobby, meetings & events space, gym, spa and swimming pool and can be accessed from anywhere directly from the mall.
The Dubai Autodrome remains open throughout the year offering indoor and outdoor karting and racing experience, it also has a world class motorsport facility with national & international races & suits for corporate hospitality.
Picture Courtesy: emirates247
The General Manager (GM) of ATDI says that First Avenue is an exciting project whose attraction for the tourists, business people & families is same as it is for the sports, racing and racing enthusiasts. Another concerned authority said that the project is distinct because of the excitement of the race track plus the added touch of contemporary style shopping along with the hotel experience.
By the time 2020 will hit, the population of Dubai will expected to rise up to 2.8 million with an average growth rate of 3.8%. Most of this growth will be because of the expatriates who comprise around 90% of the population.
Around 1/3rd of the population of UAE is in between 25 & 34 having a strong spending power. By 2020, the government wants 20 million tourists to visit Dubai with the hotels ready to provide them the hospitality infrastructure. By 2020, Dubai’s retail market is expected to witness an exceeding $52 billion in sales with an average annual rise of 8% and more as per the Dubai Chamber of Commerce & Industry.
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