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Doha Festival City Signs 500th Lease, Achieving Significant Milestone of Fully Leased

Doha Festival City continues leading, as the third mall in the GCC

Doha Festival City has already opened 16 new stores in 2024 alone and is set to an additional of 23 brands by year’s end, including first-to-market offerings from Gold Apple, Alo Yoga, Disney Store and Tesla

Doha, Qatar – xx April 2024: Doha Festival City, Qatar’s most dominant trading destination for shopping, dining, and entertainment and a flagship mall within Al-Futtaim Real Estate’s portfolio, today announced the remarkable achievement of fully leasing of its mall. With the signing of its 500th lease, and a further over 100 kiosks across the mall, Doha Festival City now boasts over an impressive 600 tenancies, solidifying its position as the ‘Place of Choice’ in Qatar.

This achievement underscores the mall’s commitment to offering a varied and unparalleled shopping experience and is testament to its dedication to catering to the needs and preferences of its wide range of shoppers including families and fashion enthusiasts.

In 2024, Doha Festival City has already opened 16 new stores, with ­­an additional of 23 brands set to join by year-end, enhancing its luxury and lifestyle retail offerings by launching esteemed brands such as Tesla, which is the first Tesla showroom within a Shopping Mall in Qatar, Hermes Perfume and Beauty, Creed, Disney Store, Alo Yoga, and Gold Apple Beauty Store.

Simon Van de Velde, Chief Asset Management Officer at Al-Futtaim Real Estate commented: “Al-Futtaim never loses sight of its commitment of becoming the ideal partner for global brands. We strive to attract regional and international brands by providing an unparalleled environment for partners and working with them to provide the finest shopping experience for customers. This achievement of 100% lease capacity signifies the strength of the mall as Qatar’s most dominant retailing destination, a mall that is in demand from local and global retailer alike. Our intention is to continue our relentless efforts to drive further development, expansion and innovation to further elevate and diversify our retail mix, attracting brands that will allow us to deepen our high-end fashion and food offers for our customers.”

The announcement comes as Doha Festival City recently celebrated its seventh year of operation. Doha Festival City continues to set benchmarks in the retail sector, offering an unmatched array of shopping, dining, and entertainment options that cater to the needs of its visitors, further cementing its position as a leader in Qatar’s retail and entertainment landscape.

For more information, please call on 4035 4444 or check https://www.dohafestivalcity.com/home/.

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