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Dubai Municipality and Emaar Malls sign retail development agreement
The agreement covers assessment of retail and lifestyle opportunities in public spaces across the emirate.
Dubai Municipality and Emaar Malls signed an agreement to assess retail, community and lifestyle development opportunities across public spaces in the emirate. The agreement was announced by Arabian Business on 15 January 2025.
Scope of the retail development agreement#
The agreement establishes a framework for the two entities to evaluate potential uses of public spaces across Dubai. The assessment will cover retail, community and lifestyle applications. Dubai Municipality operates public spaces and facilities across the emirate, while Emaar Malls operates shopping and retail destinations including Dubai Mall and other properties. The agreement does not specify which public spaces will be assessed or a timeline for the evaluation process.
Parties to the public space agreement#
Dubai Municipality is the local government authority responsible for municipal services, urban planning and public infrastructure in the emirate. Emaar Malls is a publicly listed company operating retail and leisure destinations in the United Arab Emirates. The company is a subsidiary of Emaar Properties. The agreement was signed between the two entities, with no specific projects or locations disclosed at the time of announcement.
Framework for opportunity assessment#
The agreement establishes a process for identifying and evaluating development opportunities rather than committing to specific projects. The parties will assess locations for potential retail, community and lifestyle uses. No investment figures, project timelines or specific sites were disclosed in the announcement. The framework allows the two entities to review opportunities on a case by case basis.
Next steps under the agreement#
The agreement provides for ongoing assessment of opportunities as they are identified. No specific next steps, milestones or reporting dates were stated in the announcement. The parties will evaluate potential uses of public spaces under the terms of the signed framework.
Sources1 source across 1 domain
- arabianbusiness.comArabian BusinessDubai Municipality and Emaar Malls signed agreement to assess retail and lifestyle opportunities in public spaces
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