Are you curious to know how much rent costs in Dubai Mall? Look no further! In this article, we will explore the rental prices in one of the world’s most prestigious shopping destinations.
The Prestige of Dubai Mall
Dubai Mall is not just a shopping center; it is an architectural marvel and a symbol of luxury. Located at the heart of Downtown Dubai, this mall attracts millions of visitors every year, making it an ideal location for businesses to set up shop.
Rental Rates
Due to its prime location and unparalleled footfall, rents in Dubai Mall can be quite steep. The exact cost depends on several factors such as the size and location of the store, as well as the type of business. Let’s take a closer look at some average rental rates:
Fashion Boutiques
- Ground Floor: Rental rates for fashion boutiques on the ground floor start at around AED 4,000 per square foot annually.
- First Floor: The first floor offers slightly more affordable options, with rental rates ranging from AED 2,500 to AED 3,500 per square foot annually.
- Upper Floors: As you move up to the upper floors, rental rates decrease further to around AED 1,500 to AED 2,000 per square foot annually.
Jewelry Stores
- Premium Locations: For jewelry stores located in prime areas near high-end brands and attractions within the mall, rents can range from AED 5,000 to AED 7,000 per square foot annually.
- Other Locations: Jewelry stores in less prominent areas of the mall can expect to pay around AED 3,000 to AED 4,000 per square foot annually.
Food and Beverage Outlets
- Restaurants: Rent for restaurants in Dubai Mall can vary greatly depending on factors such as size, location, and cuisine. On average, rental rates range from AED 400 to AED 700 per square foot annually.
- Cafes: Cafes generally have lower rental rates compared to restaurants, with prices ranging from AED 300 to AED 500 per square foot annually.
Additional Costs
In addition to the base rent, tenants in Dubai Mall are also required to pay service charges and other fees. These charges cover common area maintenance, security, marketing campaigns, and more. It is essential for businesses to factor in these additional costs when considering renting a space in the mall.
In Conclusion
Renting a space in Dubai Mall can be a significant investment for businesses due to its prime location and high footfall. However, with careful planning and consideration of all associated costs, it can also provide immense opportunities for growth and success.
If you are interested in establishing your business in one of the world’s most prestigious shopping destinations, Dubai Mall might just be the perfect place!