Bahrain: Dragon City, the new 115,000-sq-m mall development, which is under construction in the southwest corner of Diyar Al Muharraq City in Bahrain, has already pre-let more than 60% of space, according to Cluttons.
Unlike conventional malls, Dragon City will cater to both wholesale and retail consumer bases and is similar to the Dubai Dragon Mart concept in the United Arab Emirates. The unique mall design is infused with Chinese architectural and cultural aspects and will incorporate 750 retail store units with 4,500 sq/m designated for warehouse space.
Appointed by Chinamex, one of China’s largest overseas trading companies, Cluttons is the official leasing agent of the multi-million dollar retail project. With an expected annual footfall of one to two million visitors, and retailers witnessing the success of Dragon Mart in the UAE, retail units are in high demand.
“Around 60% of units are now pre-let at Dragon City; a significant milestone in the development which is set to transform the retail landscape in Bahrain. We continue to record significant interest from a wide range of retailers and wholesalers looking to increase their presence or position themselves in the Bahrain market,” Harry Goodson-Wickes, Head of Cluttons Bahrain, said.
“Dragon City aims to attract customers from a variety of demographics, with a range of income profiles, as well as consumers looking to capitalise on quality Chinese and local products at wholesale prices. In addition to meeting customer demands, it will also allow for the provision of employment opportunities in the local jobs market. We expect even greater interest in the remaining units prior to the development’s official launch later this year.”