The cost of renting a store in Dubai Mall can vary depending on several factors. It is one of the world’s largest and most prestigious shopping malls, located in the heart of Dubai, United Arab Emirates. The mall offers an unparalleled retail experience with a wide range of luxury brands, high-end boutiques, and popular international retailers.
Factors Affecting the Cost
When considering the cost of renting a store in Dubai Mall, there are several factors that come into play.
Location within the Mall
The location of the store within the mall is a significant factor in determining its cost. Stores located in prime areas with high foot traffic and visibility tend to be more expensive compared to those situated in less frequented sections.
Store Size
The size of the store also plays a crucial role in determining its rental cost. Larger stores generally have higher rental prices due to their increased floor space and potential for showcasing more products.
Type of Store
The type of store you plan to open can also impact the rental price. Luxury brands and high-end retailers often command higher rental rates compared to smaller independent businesses or niche stores.
Rental Rates
Dubai Mall does not disclose its rental rates publicly, as they can vary depending on negotiations and individual agreements. However, it is known that rents at Dubai Mall are among the highest in the world due to its prime location and prestigious reputation.
On average, rental rates at Dubai Mall can range from AED 1,500 per square foot per year for smaller stores to AED 4,000 or more per square foot per year for larger flagship stores situated in prime locations within the mall.
Additional Costs
When renting a store in Dubai Mall, it is essential to consider additional costs that may be incurred.
Service Charges
Dubai Mall charges service fees to cover maintenance, cleaning, and security services provided to tenants. These charges are usually calculated based on the size of the rented space and are billed separately from the rental cost.
Fit-Out Costs
Before opening your store, you will likely need to invest in a fit-out. This includes interior design, fixtures, fittings, and any necessary renovations. Fit-out costs can vary significantly depending on the size and complexity of the project.
Conclusion
Renting a store in Dubai Mall can be a significant investment due to its prime location and prestigious reputation. The cost of renting a store depends on factors such as location within the mall, store size, and type of store.
Rental rates at Dubai Mall are among the highest globally. It is crucial to consider additional costs like service charges and fit-out expenses when budgeting for your store in Dubai Mall.