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JLL, the world's leading real estate investment and advisory firm, today announced that it had been appointed to deliver the leasing and on-going management of the retail locations at the Red and Green line metro stations in Dubai, UAE.
Commenting on the new engagement, Andrew Williamson, Head of Retail at JLL, said:
"JLL's intent is to deliver an inviting community retail environment which cements the metro stations as local hubs. We are very glad to have built a valued relationship with the Road and Transport Authority over the last eight years and have witnessed the Red and Green lines evolve into the transport lifeline of Dubai . The commitment of the RTA to deliver a world class public transportation environment is evident and JLL are delighted to be trusted to deliver leasing and management services to the retail locations."
"JLL has experience across EMEA in managing more than 200 retail developments. We remain very sensitive to the local culture and customs in each and every one of the countries we are appointed. Importantly, our approach uses a mix of local and international expertise to combine the best of both worlds and provide the perfect fit for our clients' needs."
"The Metro Retail outlets present a unique business opportunity to companies to offer their goods and services to passengers while enhancing brand visibility to the ever increasing number of Metro users," said Mr.Abdulla Yousef Al Ali, RTA's Rail Agency CEO. "We are confident that by appointing JLL to lease and manage these spaces the quality of brands we attract for our customers, and the quality of service delivered to our tenants will be enhanced" he said.
In 2013, the Dubai Metro had an annual ridership of nearly 138 million passengers, with an average daily ridership of 450,000 passengers. The stations are built and maintained to a high standard with retail units which offer a unique trade opportunity and heightened brand visibility.
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