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Gulf Related’s Al Maryah Central 50% Leased; The Galleria on Al Maryah Island Adds 7 New Restaurants

Gulf Related’s Al Maryah Central 50% Leased; The Galleria on Al Maryah Island Adds 7 New Restaurants
September 19, 2016

  • 50% of Al Maryah Central’s Gross Leasable Area leased, well ahead of the 2018 opening
  • Agreements between Gulf Related and leading retailers including Dubai Holding Group, Majid Al Futtaim Group, Chalhoub Group, Al Tayer Group and others
  • 60 more international brands coming to Al Maryah Central, joining iconic department stores Macy’s and Bloomingdale’s
  • The Galleria announces the Dining Collection as part of its premium waterfront offering, with seven distinctive new restaurants

Gulf Related today announced that Al Maryah Central is now 50% leased, with over 785,000 square-feet of signed leases, in a significant milestone for the development. Over 60 more brands have been secured with leading retailers including Dubai Holding Group, Majid Al Futtaim Group, Chalhoub Group, Al Tayer Group and others.

The series of landmark partnerships will bring favoured international brands including a 35,000 square-feet flagship Zara, All Saints, Lululemon and Alice and Olivia.

The recently announced 21 screen multiplex flagship VOX with IMAX from Majid Al Futtaim Cinemas will join a line up of family friendly retail and entertainment, including The Toy Store and fresh food convenience with a 30,000 square-feet Waitrose.

Building on the positive momentum on Al Maryah Island, Abu Dhabi’s luxury fashion and dining destination The Galleria also announces The Dining Collection, having secured leases to bring seven more leading restaurants to its current collection. Sitting alongside popular existing restaurants such as Zuma and Bentley’s Bistro, the new venues include La Petite Maison, Roberto’s, Coya, Nusr-Et, Sa-mar, Eat Greek and Loca. The Dining Collection will represent one of the most desirable dining destinations in the Middle East, reflecting The Galleria’s commitment to delivering excellence to the capital.

Ken Himmel, Co-Managing Partner, Gulf Related and President and Chief Executive Officer, Related Urban, said: “The number and quality of flagship leasing agreements and much-loved international brands which we have secured for Al Maryah Central speaks to the real enthusiasm in the market for this project. Abu Dhabi’s annual retail spend is projected to reach US$12.18 billion by the time Al Maryah Central opens in 2018, and this development is strategically located at the heart of this market. The commercial momentum achieved over the last six months is as a result not only of our great team and their vision for Al Maryah Island, but more importantly the ongoing growth and increased sophistication of Abu Dhabi’s consumer market.”

Ken Himmel went on to say: “Al Maryah Central is the anchor destination on what will be a world-class business, entertainment and residential community. It will be a truly unique offering in Abu Dhabi, complementing the continuing success of The Galleria and providing a fully integrated, cosmopolitan lifestyle destination exceeding the needs, tastes and expectations of Abu Dhabi’s residents and tourists.”

Once opened in 2018, Al Maryah Central will be the 2.8 million-square-feet anchor mall set in the heart of Al Maryah Island’s new, 15 million-square-feet central business district. The island’s assets include over 100,000 square-feet of landscaped parks and a waterfront promenade. The entire island is connected through air-conditioned interior walkways to allow people to walk from place to place.

Al Maryah Central will offer a diverse mix of retail, dining, entertainment and family activities to the anticipated 15 thousand people who will live and work on Al Maryah Island. It will be home to the flagship 21 screen multiplex VOX cinemas with IMAX which also features the exclusive dining experience THEATRE by Rhodes, a collaboration with Michelin Star chef Gary Rhodes. The next generation mall will also be easily accessible to a core catchment of almost half a million people living within a ten-minute drive. This population makes up a significant proportion of the 24 million people a year who are expected to visit Al Maryah Central by 2022 (Urbis, 2016).

His Excellency Ali Bin Saeed Al Shamsi, Chairman of Dubai Holding Group, said: “Gulf Related’s vision to create a stylish, bustling and best-in-class shopping and lifestyle center for the region has inspired us to bring our portfolio of international brands including Zara, Zara Home and Stradivarius to this outstanding development. The GCC’s consumer market is ever-growing, yet the mall remains a central part of community life. Al Maryah Central has gone beyond traditional conceptions of a mall to create a mixed-use development with a sense of place and community built in – a center for social life and gathering as well as shopping and dining. We’re delighted that our brands are coming to this vibrant community in Abu Dhabi in partnership with Gulf Related.”

 
 
 
 
 

Fraud Alert

Fraud Alert - Important alert to Gulf Capital Investors,Shareholders, the Financial Services Community and the Public

Fraudsters are engaging in a fraudulent email and website scams whereby websites and communications are targeting members of the public and potential investors (victims) by fraudulently using the identity of legitimate members of Gulf Capital's Executive team or Gulf Capital's Board of Directors to solicit investments, fake job offers and other dealings, without authority, and for a malicious purpose. Neither Gulf Capital's Chief Executive Officer nor any members of its Board of Directors or other members of its Executive team have made any offers for investment partnership, offers of employment or other dealings through these channels and the names, and identities of such individuals are being used illegally and without their consent.

Gulf Capital and its management have taken and will continue to take legal action against anyone found misusing Gulf Capital's name or the names or identities of any members of the Board of Directors of Gulf Capital or Gulf Capital's Executive team illegally or without consent for whatever reason.

Report Scams

We invite you to immediately contact fraud-detection@gulfcapital.com* if any of the following occur:

  1. You have received any unsolicited correspondence or investment advice or you think you have been contacted in relation to a possible scam (whether by telephone, email or courier) by sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  2. You have received notice from anyone outside of Gulf Capital informing you or raising concern regarding the fact that they may have been contacted by any sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  3. You have received any communications referencing any of Gulf Capital's Board of Directors that you consider are suspicious or which you are not sure how to respond to.
  4. You have any concerns about the authenticity of any website passing itself off as a website operated by Gulf Capital or referencing the names and identities of the Board of Directors of Gulf Capital or any of its Executive team without authority.
*Note: When forwarding suspicious e-mails to fraud-detection@gulfcapital.com:
  1. Do not modify the original subject line or contents enclosed, and do not include any personal or confidential information.
  2. Forward the full internet headers of any suspicious emails to fraud-detection@gulfcapital.com before deleting as this information willhelp Gulf Capital to track the true origin of the correspondence. The internet headers can be found through your e-mail system from within the e-mail. For example, in Microsoft Outlook, you can find the internet headers by opening the e-mail, then choosing "View" and "Options". Depending on the e-mail system that you use, the process for locating the internet headers will vary. We recommend you either copy and paste the internet header and message into a new e-mail or scan the e-mail and full headers and send as a PDF attachment to ensure it is received by fraud-detection@gulfcapital.com.

Protect Yourself

  1. We recommend that you avoid getting into a conversation with any fraudsters or revealingany personal or identifying information, but you should endeavor to record thepurported name of the person and organisation along with any other information they give you (e.g., telephone number, address etc.) and then forward all such information to fraud-detection@gulfcapital.com.
  2. You should obtain independent legal and financial and professional advice before handing over any funds or entering into any agreements in relation to such solicitations.
  3. We recommend that you not respond or open any attachments or links associated with any suspicious e-mails.
Copyright © 2017 Gulf Capital Pvt. JSC. All rights reserved.

Illegal Use of Gulf Capital's Name

Phishing Email Alert

Gulf Capital Pvt. JSC has recently become aware of a spate of fraudulent emails purporting to offer financing from, and employment at, Gulf Capital and Gulf Capital Credit Partners (DIFC) Ltd. and misusing the official Gulf Capital logo and trade name. These emails do not originate from Gulf Capital or any of our affiliates. If you have received any such email, do not click any links in the email or provide any personal information (e.g. your bank details or copies of identity documents).

There are a number of illegal advance fee scams in operation where our name and those of our Board of Directors and Senior Management are being impersonated and abused.

The Gulf Capital name, and sometimes the names of individual employees within our firm, have been used in various fraudulent scam emails, letters and phone calls. These communications typically seek to attract a victim by suggesting that project funding or a job can be obtained by paying an upfront fee. Sometimes fake documents are sent to the victim and websites mimicking the Gulf Capital name and brand are used.

Common themes include:

  • the use of similar domain names designed to appear legitimate; examples include using phishing email accounts from domains such as: @gulfcp.com, @gullfinvest.com, board members name@outlook.com, @gulfunioninvestment.com, name@gullfcapital.com
  • offers of work/visa services related to employment in the Middle East upon payment of administrative, medical and other fees;
  • offers of project financing upon payment of a fake surety bond and due diligence fees;
  • forged Board of Directors resolutions approving loans, MOUs, loan agreements claiming "100% refundable" professional service fees;
  • bogus look-alike websites;
  • fake profiles on LinkedIn and My Opportunity purporting be Directors or Management of Gulf Capital;
  • "signed" and stamped contracts purporting to be provided by us regarding project financing; and
  • use of our UAE telephone numbers by criminal impersonators.

This is not an exhaustive list of scams. New schemes designed to steal the business public's money or personal data are being invented all the time or for use in other illegal activities. Please act prudently and sensibly for your own protection and take note of our Fraud Alert on our website. The perpetrators may not always request money or personal details on initial contact, but often wait until the victim has responded.

Please note that Gulf Capital and its Management and Directors have no involvement in these or any other scams, and will vigorously prosecute any violators in tandem with the concerned authorities. Our name is being used in an unauthorized and illegal way. Note that we do not use Gmail, Hotmail, Outlook or Yahoo addresses.

We recommend you delete scam emails and do not reply to scam letters, emails, calls or faxes, and do not send money to strangers. If you need to confirm with us whether a communication is genuine, please contact us at fraud-detection@gulfcapital.com.

I have read and understood the Fraud Alert, Terms & Conditions of Use and Privacy Policy. I accept the terms and condition therein and wish to proceed to the Gulf Capital website.