Dubai Sports City (DSC) development in Dubai is set for a major retail expansion worth $4 billion.
According to its Chief Financial Officer, the 50 million square feet site in Dubailand will have its retail part developed after the procedures being laid to make sure the delivery of the plots in the aftermath of the global financial recession in 2008 worked successfully. The main reason of the developer for venturing in retail expansion was to accommodate the growing population as well as the increasing number of visitors and to offer the right kind of mix within the community.
This project has led to an intensive drive to develop the conjoined Canal Promenade and Canal Residence West found on the east side of Dubai Sports City. The former still waits the completion of a 1.5km pedestrian walkway running alongside the 1.2km man-made canal which is not yet finished in the next 12 months, while the fit-outs for four retail spaces are on track.
the walkway is considered to be an integral component of the area as it provides a picturesque connection between the north hub and the south hub, where the former at 250,000 square feet will have two retail levels in the region of the canal in addition to the office and residential units above, while the latter will feature a mixture of entertainment.